Yen Drops to 1986 Low
In focus today Today focus will be on the Riksbank’s policy rate announcement at 09.30 […]
Need Morphine
The selloff in Japanese yen extended yesterday sending the currency to the lowest levels since […]
What Could UK General Election Mean for Pound?
UK citizens head to the ballots on July 4 Opinion polls point to a Labour […]
Will Core PCE Inflation Persuade Fed to Cut Rates?
US core PCE inflation index could resume downtrend Fed may ask more evidence before cutting […]
Yen Weaker Every Day, USDJPY Breaks 1990 Highs
Intraday Bullish Scenario: Wait for a pullback to 160.12 with TP1 at 160.60 and TP2 […]
Gold Prices Under Pressure as Dollar Index (DXY), US Yields Rise
Gold continues its decline with $2300/oz firmly back in sight. US Dollar index and US […]
Sentiment Improves Amid Nvidia Recovery, FedEx Earnings
Nvidia selloff didn’t deepen yesterday, on the contrary, the recent end-of-quarter / end-of-the-first-half pullback attracted […]
Tech Stocks Rebound
In focus today Overnight China releases industrial profits for May. Profits grew 4% y/y in […]
US consumer confidence falls to 100.4, within the same narrow range
US Conference Board Consumer Confidence fell from 101.3 to 100.4 in June, slightly above expectation […]
Fed’s Bowman: Inflation to remain elevated, rate hold necessary
Fed Governor Michelle Bowman, in a speech today, said her baseline outlook that US inflation […]
Fed’s Cook: Dual mandate risks better balanced
In a speech last night, Fed Governor Lisa Cook stated that the risks to achieving […]