Invesco DB USD Index Bullish Fund ETF (UUP)

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, April 8.

Things are getting ugly, especially in rates and FX. Significant decoupling is occurring, indicating a potentially massive flight out of the U.S. and severe liquidity constraints now hitting the market

The USD/CAD pair edges lower to around 1.4255 during the late American session on Tuesday.

GBP/USD snapped a harsh two-day losing streak on Tuesday, finding a technical bounce from the 200-day Exponential Moving Average (EMA) just north of the 1.2700 handle.

Gold price snaps three days of losses, consolidates below the $3,000 figure as US Treasury yields rise, making the non-yielding metal less appealing for investors.

The U.S. trade deficit with China decreased from 2018 to 2024 but it was at the expense of big increases elsewhere.

AUD/USD is navigating a narrow range around the mid-point of its daily boundaries, showing hesitant movement after days of pronounced weakness.

Gold and silver had the usual rough time after the initial rally.

USD/JPY has shown greater moves to the downside post-CPI softness, especially when inflation surprises on the low side.

The oil markets had a negative day today.

U.S. equity markets are pairing some of their earlier gains. 

The EUR/USD pair traded with a slight bearish bias on Tuesday after the European session.

President Trump's new tariffs seem to be bringing offers to negotiate from many major US trading partners, triggering some gains as a rebound in stocks, commodities, and other risky assets.

SPX futures have bounced to 52008.00 thus far this morning, leaving it 15% off the February 19 high. 

The Greenback softens a touch on Tuesday against major peers amidst trade war tensions.

USD/CAD tumbles below 1.4200 as the US Dollar takes a hit on escalating US recession fears.

The dramatic price action throughout the capital markets after last week's US tariff announcements, China's retaliation, and yesterday's US threat of another 50% tariff on China has calmed today, in a nervous way.

As far as trading sessions go on Wall Street, Monday’s was eventful.

The price looks to be heading for $1.2700 after rejecting the resistance level confluent with $1.2800.

The USD/JPY pair has stabilised around 147.60 following two consecutive days of gains, with the yen now attempting to recoup some of its recent losses.

Sentiment is rebounding, perhaps on the view that Trump may focus protectionism on China and speed up trade deals elsewhere.

The analysis highlights the ongoing wave 2 correction, which is developing within the context of the larger wave 1 formation.

USDCAD completes a correction within an uptrend that can resume the bullish trend from technical and Elliott wave perspective.

The Pound Sterling rebounds to near 1.2800 against the US Dollar as traders have raised Fed dovish bets for the June meeting.