The biggest movers in global FX overnight, based on volatility adjusted returns were #KRWJPY, #PLNHUF, #USDKRW, #EURPLN, & #AUDJPY. For USD crosses, 14 out of 28 had positive returns. For EUR crosses, 7 out of 13 had positive returns. #Forex

5 Hours ahead of the NY Open, our cross-asset model indicates a +0.08% gain for the S&P (while futures are up +0.22% since prior close). The signal from Global Equities is most bullish (+0.12%), while the signal from Commodities is least bullish (-0.02%).

Over the last 20 days, we have generally seen the S&P index outperform the signals from global assets correlated to risk sentiment. The S&P has outperformed the model by +2.25% cumulatively during the period.

Looking at notional #ETF flows to monitor sector rotations within US Equities: currently the sectors experiencing the largest inflows compared to their averages include Investment Grade and Broad Debt, while outflows are being seen in High Yield and Treasury.

The largest absolute flows over the past 7 days have been in the following ETFs: $ARKK (-$5.4B) $VOO ($2.9B) $SPY (-$2.7B) $VEA ($1.1B) $HYG (-$1.0B)

2 Hours ahead of the NY Open, our cross-asset model indicates a +0.10% gain for the S&P (while futures are up +0.23% since prior close). The signal from Global Equities is most bullish (+0.16%), while the signal from Rates is least bullish (-0.04%).

Over the last 20 days, we have generally seen the S&P index outperform the signals from global assets correlated to risk sentiment. The S&P has outperformed the model by +2.23% cumulatively during the period.

Our CEO, Jens Nordvig (Jens Nordvig), joined CNBC’s Fast Money (CNBC's Fast Money) to break down what shifting capital flows and FX markets are signaling about investor sentiment. Watch the full video here: cnbc.com/video/2025/08/…

$USD has been mixed since 5AM this morning. $CNH has depreciated the most vs. USD at -0.05%, while the $NOK has strengthed the most with a 0.24% return. #Forex

The largest move in the last 24h was: Palladium. There were no commodities that had returns greater than 2 standard deviations during the period.

Here we compare #Bitcoin's performance during Asian, European and American trading periods. Today $BTC returned 0.38% in Asia, and 2.26% in Europe. Yesterday $BTC returned 0.58% in the American session.

The largest move in the last 24 hours was: US 2Y. G10 bond yields that had 2 standard deviation moves during the period include: US 2Y, US 5Y, AU 10s30s

The largest move in the last 7 days was: Japan 30Y. There were no G10 bond yields that had a 2 standard deviation move during the period.

The largest move in the last 7 days was: Coffee. Commodities that had 2 standard deviation moves during the period include: Coffee

Here is a broad view of global stock indices. During the last week, top gainers based on volatility adjusted returns include: DKK OMXC20 (6.54%), SHANGHAI (3.35%), FTSE100 (2.03%). In contrast, least performers were PLN WIG20 (-2.34%), KOSPI (-1.85%), TAIWAN (-2.34%).

$USD has broadly weakened since last Friday, August 15, with $NOK, $CHF, and $MXN appreciating the most vs. USD. The $NOK was strongest vs. USD with a 1.244% return, while the $NZD was weakest vs. USD with a -0.929% return. #Forex

Here we take a closer look at the daily returns of major cryptocurrencies and other global assets in terms of their volatility adjusted returns.

The largest move in the last 7 days was: High Yield Credit. In the last 7 days there were no global assets that had returns greater than 2 standard deviations.

Here we compare #Bitcoin's performance during Asian, European and American trading periods. Today $BTC returned -0.94% in Asia, and -1.02% in Europe. Yesterday $BTC returned 0.13% in the American session.

Here we compare #Bitcoin's performance during Asian, European and American trading periods. Today $BTC returned -0.43% in Asia, and -0.26% in Europe. Yesterday $BTC returned 0.7% in the American session.