Analysis-Yen comeback may be a longer waiting game By Reuters

© Reuters. FILE PHOTO: A worker holds samples of new Japanese yen banknotes at a factory of the National Printing Bureau producing Bank of Japan notes at a media event about the new notes scheduled to be introduced in 2024, in Tokyo, Japan, November 21, 2022. REUTER By Tom Westbrook SINGAPORE (Reuters) – Investors are

Market Update – August 23 – Waiting for Nvidia, PMIs & Jackson Hole

On a day when Monday’s optimism had already faded in US markets, weighed down by both a new downgrade of the banking sector’s credit rating – this time by S&P – and the pullback of NVDA, one of the most interesting movements was the USD. Without any real news flow and without any abrupt movements

Bears are waiting to pounce but bulls putting up a fight

Share: WTI is attempting to breakdown but the bulls stay in charge. A break of $79.00 is required for bearish thesis to be solidified.  WTI crude also rose  4.6% for the week, marking the fifth consecutive weekly increase, the longest winning streak since the week ending June 10, 2022. This leaves the longs exposed