Sunset Market Commentary
Markets
Flash EMU PMI surveys showed eurozone business activity continuing to rise in August amid stronger manufacturing growth. It sets the eurozone up for a...
Dollar Selloff Deepens and Broadens — What Changed?
Why Dollar weakness is spreading even as its original catalyst fades, and what that shift in market interpretation reveals about the $40 trillion debt...
Japan’s Data Is Strengthening as Australia’s Weakens. Why Is AUD/JPY Rising?
Japan's data is strengthening and Australia's is weakening, yet AUD/JPY keeps rising — because the cross is trading on the global yield backdrop and carry differential, not on either country's local fundamentals.
Brent Breaks $94, Global Yields Push Higher — but Dollar Refuses to Follow
Brent crude broke above $94 and WTI through $87 today, both fresh highs since late July, after Trump threatened "TREMENDOUS Economic Consequences" against countries helping Iran evade sanctions. That oil breakout is dragging global bond yields higher again, US 10-year toward 4.70%, 30-year toward 5.24%, clawing back much of Wednesday's Treasury-buyback-driven decline, with German, UK and Canadian yields rising too.
