YCS News and Press, ProShares UltraShort Yen New From 02/17/24

2024-02-17 02:10:00 ET Summary Our annual global real GDP forecast for 2024 has been revised up from 2.3% to 2.5%. Global PMI data continues to point to a gradual improvement in economic conditions. Core inflation rates have continued to fall but the outlook is more unce...

2024-02-15 07:57:00 ET Summary Japan's economy surprisingly contracted in Q4 '23, and the UK's economy contracted more than expected in Q4 '23, its second consecutive quarter without growth. The yen strengthened, and the dollar briefly traded below JPY150. The Australian dollar di...

2024-02-14 07:30:00 ET Summary The dollar was driven higher, and it is stabilizing today, though the euro and sterling extended their losses, most of the other G10 currencies did not. After the yen's six-week slide did not elicit a response from Japanese officials, yesterday's dro...

2024-02-13 07:40:00 ET Summary The US dollar is enjoying a mostly firmer bias ahead of today's CPI report. Sterling is the strongest among the G10 currencies after a more-resilient-than-expected labor market report. EM currencies are mostly faring better, with the Mexican peso...

2024-02-12 07:50:00 ET Summary The dollar is in narrow ranges against the G10 currencies. The Swedish krona, Norwegian krone, and Japanese yen are posting minor gains against the greenback. The New Zealand dollar, which was strongest major currency last week (1.4%), is off by almo...

2024-02-10 08:35:00 ET Summary The markets are still correcting from the overshoot on rates and the dollar that took place in late 2023. A soft US CPI and weak retail sales report next Tuesday and Wednesday could help cap US rates and signal the end of the dollar's New Year rally....

2024-02-09 07:50:00 ET Summary The foreign exchange market is becalmed today, with most of the major pairs trading in narrow ranges. It is not just that the dollar is strong, but the Japanese yen is also weak. With the mainland markets closed now until February 19, the lurch l...

2024-02-08 07:15:00 ET Summary The dollar is narrowly mixed against most of the G10 currencies as it continues to consolidate its recent gains. Japan, the world's third-largest economy, has run trade deficits for the past three years. China remains in deflation. Over...

2024-02-07 06:40:00 ET Summary The dollar is trading with a slightly heavier bias. Sterling has moved back into the range that dominated since the middle of last December until the start of this week. The biggest drop in the US 10-year yield since last week's FOMC meeting (~7 ...

2024-02-06 07:15:00 ET Summary The US dollar is consolidating its two-day surge since the jobs data at the end of last week. The Reserve Bank of Australia did not rule out additional rate hikes, and the Australian dollar is the best performer in the G10 today with a small gain. ...