Central bank bosses to discuss monetary policy collectively in the ECB forum.Divergence in recent monetary policy between the Fed, ECB, BoE and BoJ makes the event particularly interesting.Jerome Powell’s comment will be particularly scrutinized … [Continue reading]
BoJ’s Masu: Want to scrutinize how prices move after recent spike in price of rice moderates
Bank of Japan’s (BoJ) new board member Kazuyuki Masu said on Tuesday, he would “want to scrutinize how prices move after recent spike in price of rice moderates.”Additional quotesDon't have any strong disagreement to the BoJ’s view underlying … [Continue reading]
Australian Dollar holds losses as US Dollar struggles amid growing concerns on Fed policy
The Australian Dollar holds losses after the release of Manufacturing Purchasing Managers’ Index data from Australia and China.China's Caixin Manufacturing PMI climbed to 50.4 in June from 48.3 in May.The US Dollar extends its losing streak due to … [Continue reading]
USD/CAD trades with mild losses near 1.3600 as US, Canada to resume trade talks
USD/CAD posts modest losses around 1.3605 in Tuesday’s early Asian session. US and Canada to resume trade talks after Ottawa drops digital tax. Canada's government expects to reach an economic deal with the US by July 21. The USD/CAD … [Continue reading]
GBP/JPY struggles to extend gains after YTD high, holds steady above 197.00
GBP/JPY consolidates near 197.70 after confirming an ascending triangle breakout last week.UK Q1 GDP grew 0.7% QoQ, but falling disposable income and widening current account deficit weigh on sentiment.Japan’s Industrial Output rose just 0.5% MoM in … [Continue reading]
US Treasury Secretary Bessent: Inflation is “very tame”
The US Treasury Secretary Scott Bessent said in a Bloomberg TV interview that the economy could see lower rates in the current context of tame inflation. Key Quotes He is confident that the fiscal policy bill will progress in the coming hours. 'This … [Continue reading]
Greece Retail Sales (YoY) climbed from previous 0.3% to 7.5% in April
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Meme Coins Price Predictions: DOGE, SHIB, PEPE hit crucial crossroads, eye further gains
Dogecoin edges lower after a 12% recovery last week, struggling to overcome $0.17 resistance. Shiba Inu ticks lower by 2% following a trendline breakout, targets $0.00001200 breakout. Pepe softens by 2% as it struggles to surpass an … [Continue reading]
Gold Price Forecast: XAU/USD extends downside to near $3,250 on better risk appetite
Gold price edges lower to near $3,265 in Monday’s early Asian session. US-China trade agreement diminished investors’ appetite for Gold. Safe-haven flows and optimism of a Fed rate cut might cap the Gold’s downside. The Gold price … [Continue reading]
SUI gains over 4% amid upcoming $119 million unlock
SUI network is set to add $119 million worth of its token into circulation next week.Optimism, FET, and Kamino Finance will also unlock $16 million, $2 million, and $12 million worth of tokens, respectively.SUI is up over 4% in the past 24 hours as … [Continue reading]