ProShares UltraShort Euro

I was not happy to see so much selling into strength last Friday, the last day of the quarter – following what should have been encouraging inflation news.

Get Marc Chandler's insights on the yen's recovery, upcoming market trends, and stay informed for the week ahead. Click here to read the full analysis.

With inflation proving to be stickier than imagined, the Fed said activity needs to slow much more with the door left wide open for a fourth consecutive 75bp hike in November. Read more here

Wall Street delivered a moderate show last week.

Heightened inflation and easing of the pandemic restrictions have turned the monetary cycle. China may have removed its supportive efforts too early and has again returned the punchbowl.