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Adam Button

European equity close: France leads the way to the downside

<p>Closing changes:</p><ul><li>Stoxx 600 -0.6%</li><li>UK FTSE 100 +0.4%</li><li>German DAX -0.4%</li><li>French CAC -1.0%</li><li>Italy MIB -0.8%</li><li>Spain IBEX -0.9%</li></ul><p>Weekly:</p><ul><li></li><li>UK FTSE 100 +1.4%</li><li>German DAX +1.8%</li><li>French CAC +1.9%</li><li>Italy MIB +1.5%</li><li>Spain IBEX +1.8%</li></ul><p>This is the third consecutive week of gains...

USD/JPY extends further to the downside after the London fix as intervention hits

USD/JPY continues to fall in what's almost-assuredly intervention from the Japanese ministry of finance.The last time they intervened, they took USD/JPY from a high of 145.90 down to a low of 140.34. That...

USD/JPY breaks 149.00 as the trade goes in full reverse on likely intervention

I warned earlier that it was a dangerous game being long USD/JPY in the 13th straight day of gains.Here we are. USD/JPY touched 148.98, which is nearly 300 pips off the earlier high....

USD/JPY takes a dive: Intervention?

This market is insane. The latest move in USD/JPY has more hallmarks of intervention than the earlier one.At the same time, I could see longs rushing out after 13 straight days of gains.This...

US dollar falls further as yields decline and stocks rally

The market is taking down the odds of an extra FOMC rate hike this year and a higher terminal top.The May Fed peak is down to 4.93% from 5.03% at the highs this...

US equities trade flat after early dip

The S&P 500 is down just 2 points shortly after the open. It initially declined by more than 15 points and futures an hour ago were much lower.The turn came after a Timiraos...

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