EUR/USD eases throughout Tuesday after it briefly peaked above 1.10 on Monday. Markets see safe havens easing while US Dollar gains traction. Monthly Germany’s Factory Orders unexpectedly surged 3.9% in June.

Uber Technologies reported its latest quarterly earnings.

Warner Bros. Discovery stock price has been one of the worst-performing stocks in Wall Street this year as the company has faced substantial internal and external challenges.

The Nikkei closed the morning session up 9.4 percent. Expect a retest of the lows because the Bank of Japan has signaled it serious about strengthening the Yen.

USD/JPY faces pressure after recovering to near 146.40 amid firm Yen’s safe-haven appeal. Fears of global slowdown and a higher-than-expected BoJ rate hike have strengthened the Japanese Yen.

With the S&P 500 having tumbled some 480 points from its 16 July 2024 record high of 5,667.20 as of Monday, 5 August 2024, it's a good time to consider whether order might be starting to break down within the U.S. stock market.