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Stephen Innes

  • Analysis & Comment

Stephen Innes's Comment & Analysis
A complete archive of Stephen Innes's articles, including current analysis & comment.

The market is once again at its favorite table — the roulette wheel of geopolitics and central banking — spinning between red headlines and black swans. Every tick feels like another chip tossed...
There are days in FX when the market doesn’t need fireworks — just a whisper in the right key. Powell’s NABE speech landed like a velvet hammer: soft to the ear, nothing truly new, yet resonant...
The FX market kicked off the week trying to make sense of Trump’s latest tariff thunderclap, and the verdict was quick but telling: the knee-jerk dollar selloff said traders saw the U.S., not China,...
Gold’s Chill: A Correction, Not Capitulation
By Stephen Innes - Oct 10, 2025
Gold’s slide today feels less like a stumble and more like an exhale — the kind of synchronized unwind that happens when everyone on the floor remembers, at the same moment, that gravity still...
The Japanese yen didn’t drift weaker — it yawed hard, like a cargo ship caught in a crosscurrent. The move through 152 wasn’t some gentle slide; it was a full-bodied turn powered by stop losses,...
There are moments in market history that feel less like price action and more like a page being turned in civilization’s accounting book. Gold crossing $4,000 an ounce is one of those moments — not a...
The melt-up finally blinked. After a series of all-time highs spurred calls for a breather amid signs of buyer exhaustion, the S&P 500 began to feel like a bar that had stayed open far too long....
Japan has done what markets didn’t expect—it’s brought back steel and conviction to the political core. Sanae Takaichi, the heavy-metal conservative once dismissed as a fringe hardliner, has crashed...
Asia Open: The Iron Lady of Liquidity
By Stephen Innes - Oct 06, 2025
Japan’s dawn opened not to the clang of temple bells but to the hum of money machines. Sanae Takaichi, the incoming prime minister and Japan’s first woman to hold the post, arrived not with rhetoric...
The Takaichi trade has turned into a full-blown reflation stampede — a market repricing so fast and furious it left half the Tokyo desk tripping over their own stop-losses. The opening bell in Asia...