USD/JPY is on track to test the September 1998 high (139.91) as the Relative Strength Index (RSI) pushes into overbought territory for the sixth time this year.
After a steep sell-off at the cash open, U.S. stocks manage to erase most of the losses, finishing the day largely flat in a context of increased risk-aversion.
Significant USD strength saw EURUSD briefly trade below parity before bouncing back through 1.00.
The Nasdaq 100 falls on Thursday, along with other risk-assets, on growing fears that the U.S. economy is headed for a hard landing amid tightening financial conditions.
The Euro put in a test at parity earlier this morning and that’s led to a bounce. Tomorrow brings CPI data out of the US and earnings season follows next week.
Indices and risk assets retreat as safe-haven dollar rises.
Slow start to earning season as JPM and MS fail to meet expectations.
EUR/USD has hurled itself towards parity, but the psychological level has proven tough to crack. We take a look at high importance data next week and its potential impact
Gold will continue to struggle as global interest rates rise further, opening the way for further losses.
Brent crude oil grapples with tight supply conditions but worsening recession fears and a weak Chinese economy has dampened prices.
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