Market Themes The tape prior to yesterday’s close presented an intriguing, split picture: Gold (XAUUSD) closed down 0.56%, yet the Nasdaq (NAS100) rose 0.28%, with risk appetite clearly taking the upper hand. This stands in sharp contrast to the “US dollar strength suppresses” pattern on September 4, indicating that the main line has shifted. We te…

Market Themes Silver led the decline among major asset classes. During the session, the U.S. non-farm payrolls came in at 162K, higher than expected (with the previous figure revised to 21K). Although the data release did not trigger major waves, the synchronized pullback in precious metals and energy, combined with the inverse rally in USD/JPY, su…

Market Themes During yesterday’s trading session, a weakening US dollar became the common thread running through all asset classes: the US Dollar Index recorded a drop of 0.56%, while gold and USD/JPY moved in opposite directions with a rise of 1.92% and a drop of 1.83%, respectively, forming exact mirror images. Meanwhile, commodity bulls gathered…

Market Themes USD/JPY led the decline among major instruments. Intraday, the US EIA Crude Oil Stocks Change came in at -4.450M, lower than expected. Gold rose 1.40%; USD/JPY fell 0.92%; Dow Jones rose 0.58%; British Pound fell 0.22%; US Crude Oil fell 0.02%. On September 2, USD/JPY (USDJPY) closed lower, reporting at 158.692, down slightly by 0.92%…

Market Themes Yesterday up until the US market close, dollar strength emerged as the main line of suppression across the board: the US Dollar Index rose 0.26%, Gold fell 2.69%, Silver fell 3.67%, and the British Pound fell 0.24%, forming a distinct shift from the “dollar weakness boosts” pattern on August 31. We tend to observe for another day befo…