It has been almost exactly a month since we pointed out that the inner strength of the US stock market no longer looks quite so fresh. In our Thoughts on January 21, 2026, we speculated whether rising interest rates in Japan could be the domino that would fall – or whether SCOTUS might rule US
Yesterday, IBM Corporation opened above $254 but ended the session below $224, marking one of its steepest single-day drops in 25 years. Since early February, the stock has slumped about 27%, recording its worst monthly performance since 1968. What Triggered The Decline? The key catalyst was Anthropic announcing its new AI platform, Claude Code, which
The USD/CNY exchange rate continued its strong downward trend this week, reaching its lowest level since April 2023. It dropped to a low of 6.8955, down sharply from the all-time high of 7.3500 as the Chinese yuan gains steam. Chinese yuan gains steam after the Supreme Court tariff ruling The USD/CNY pair continued its strong
According to the XAU/USD chart, gold surged above $5,170 today, marking its strongest level since the start of February. Key factors supporting the bullish move include: → US tariff developments – following the Supreme Court’s Friday decision to strike down Trump’s tariffs, the president reinstated them, initially at 10% and later increasing to 15% over
The Japanese yen wavered on Wednesday as investors reacted to the ongoing bearish bets on the US dollar, soaring Japanese exports, and wait for the upcoming Japanese consumer inflation report. The USD/JPY exchange rate was trading at 153.55 on Wednesday, down by nearly 4% from its highest level this year. Japan exports jump, inflation report
The USD/INR exchange rate continued its recovery this year, moving from a low of 83.77 in May last year to the current 91. This recovery continued this week as Indian bond yields and business activity rose. Indian bond yields and business activity are rising The USD to INR exchange rate rose on Friday as India
Gold didn’t creep higher in early 2026. It lunged. In late January, futures pushed through $5,500 an ounce before sellers finally stepped in. Silver, true to form, overshot even more dramatically, tagging levels above $120 in what felt like a momentum chase more than orderly price discovery. Within days, both metals gave back a meaningful
Given the strong daily uptrend and the bearish US dollar sentiment seen across the FX markets today, USDJPY currency pair can be expected to rise to the next resistance level 0.7145 (which stopped the previous impulse wave I earlier this month). AUDUSD reversed from the support area Likely to rise to resistance level 0.7145
US faces stagflation: weak growth, rising inflation, legal tariff rollback shocks dollar, while ECB-Fed divergence drives euro strength. The US Economy’s Stagflationary Trap The United States is currently grappling with a jarring economic disconnect that has left currency traders in a state of high alert. The latest data presents a classic stagflationary headache: growth is
The XAG/USD chart shows silver breaking above the upper edge of the February descending channel, defined by lower highs and lows. Bullish momentum is being fuelled by rising geopolitical tensions and increased demand for safe-haven assets. Media reports highlight: → On Thursday, US President Donald Trump issued a warning to Iran, demanding a nuclear deal