Blogs

European equity close: A rough outing

Forex

<p>There wasn't anywhere to hide today as a rout in Beijing kicked off a round of selling everywhere. Rising Treasury yields certainly didn't help nor did Lagarde's pushback against rate cuts.</p><p>Closing changes:</p><ul><li>Stoxx 600 -1.1%</li><li>German DAX -0.9%</li><li>

USD/JPY hits 148.50 as the non-stop rally continues

Forex

<p>USD/JPY today cleared the last major hurdle standing in the way of a yet-another retest of 150.00.</p><p>It rose above the 61.8% retracement level from November-December slump, cruising through and adding another 100 pips beyond it. It's up 130 pips to 148.50.</p><p>The pair has soared higher from 144.50 at the

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