USD/JPY was up 220 pips on Friday and that's not what anyone in Japan wanted to see. As bad as that looks, the reality is worse.The persistent strength of the US dollar against the yen since mid-year is increasing...

Japan's Katayama: Alarmed over currency moves, will take appropriate actionCanada October retail sales -0.2% vs 0.0% expectedECB's Lane on why the ECB is cutting into a sticky-inflation slowing economyUS Novemb...

It was a week in two parts as heavy selling hit markets to start the week as the post-FOMC slump continued. That turned around yesterday in part due to strong revenues from Micron and the bounce continued today. A lowe...

The German DAX has been bouncing around for months but shook off some selling at the start of the week to post a solid gain. It was indicative of the continent, which finished Friday solid to cap an ok week. There was ...

After months of easing, the Governing Council decided that 2.00% is the magic number—the "neutral" rate where they can sit back and let the economy hum. But if you listened to Philip Lane today, the humming s...

Prelim was 53.3Prior was 51.0Conditions 50.4 vs 50.7 prelimExpectations 54.6 vs 55.0 prelim10year inflation 4.2% vs 4.1% prelim (prior was 4.5%)5-year inflation 3.2% vs 3.2% prelim (prior was 3.4%)In the preliminary re...

USD/JPY is quickly lower on this.Desirable for FX to move in stable manner reflecting fundamentalsWill take appropriate actionClearly seeing one-sided, rapid movesThis is the strongest language yet and it comes after t...

CNBC was earlier out with a report saying that the Fed's Waller had a 'strong interview' for Fed chair.That begs the question: What does a strong interview with Trump look like? A pledge to lower rates? A p...

Williams did a fairly big 180 in supporting a December rate cut and these are his first comments since the decision.Looking ahead, his comments are generally neutral and wait-and-see tone regarding the path forward for...

Prior was -0.7% (revised to -0.9%)Ex-autos -0.6% vs +0.2% expectedPrior ex-autos -0.2% (revised to -0.1%)Core sales -0.5%Advance November reading +1.2%Autos sales +0.6% vs -2.9% priorThe surprise story of post-Liberati...

An interview with Simon Massey, CEO & Co-Founder, Funded Trading PlusAs 2026 approaches, traders and trading firms are operating in a market environment defined less by certainty and more by competing narratives. A...

OneRoyal has announced Dominic Poynter as its new Chief Commercial Officer. Mr. Poynter was internally promoted after a very successful stint as the broker’s Chief Marketing Officer. During his tenure as CMO, he help...

KEY POINTS:UK data supports more rate cutsThe BoE cut the Bank Rate to 3.75% as expectedBoE Governor Bailey sounded more upbeat on disinflation with scope for more easingFTSE 100 gained on expectations of more policy e...

Headlines:USD/JPY set to post biggest daily gain in a month, eyes on December highsBOJ governor Ueda says the possibility of further rate hikes will be data-dependentBOJ governor Ueda says rate hikes will continue if e...

KEY POINTS:US CPI came out much softer than expected, potentially giving the Fed a reason to cut earlier than expectedThe Fed's dovish reaction function remains a tailwind for the stock marketThe Santa Claus rally ...

KEY POINTS:US CPI surprises to the downside, potentially opening the door for an earlier than expected rate cutUS Jobless Claims disagree with NFP report. We'll get a clearer picture next month.Key technical levels...

Our next policy move is not automatically an interest rate hikeFuture decisions are to be made on a meeting-by-meeting basisInflation risks are now slightly tilted to the downsideBut not in favour of pre-emptive or &#3...

Rate cuts by year-end (2026)Fed: 61 bps (76% probability of no change at the upcoming meeting)BoE: 36 bps (90% probability of no change at the upcoming meeting)Rate hikes by year-end (2026)BoC: 22 bps (94% probability ...

KEY POINTS:USDINR continues to consolidate below a key resistance around the 90.40 levelThe RBI intervention paused the selloff in the Indian RupeeThe main trend remains to the upsideIn the short-term, traders will loo...

EUROPEAN SESSION:In the European session, the main highlight was the UK Retail Sales report. The data came out negative disappointing expectations and weighing a bit on the pound. In the bigger picture, it doesn't ...