The United Kingdom’s Office for National Statistics will publish the June CPI data on Wednesday.Inflation, as measured by the CPI, is foreseen steady above the BoE’s goal in June. The GBP/USD pair heads into the release with a firmly bearish toneThe … [Continue reading]
USD/CAD posts modest losses below 1.3750 amid muted chance of BoC rate cut
USD/CAD softens to around 1.3720 in Wednesday’s early Asian session. Canadian annual inflation rate increases to 1.9% in June, hotter than expected. A softer US CPI report might appear to boost the odds of a Fed September rate cut. The … [Continue reading]
Dow Jones Industrial Average falls after CPI inflation ticks up in June
The Dow Jones fell on Tuesday, but still remains within recent consolidation.Equities backslid after US CPI inflation came in hotter in June, stoking Fed rate concerns.Large bank earnings also came in mixed or lower, forcing investor sentiment … [Continue reading]
Can you invest in Real Estate with an IRA? Here’s how
When it comes to choose where to invest retirement savings in the US, stocks, bonds or mutual funds usually take center stage. But retirement planning, particularly when done via an Individual Retirement Account (IRA), offers other options that might … [Continue reading]
WTI dips below $66.00 as Trump gives a deadline on sanctions to Russia
Crude prices drop about $3 as Trump gives a deadline to Russia to end the war in Ukraine.The solid economic growth in China and its higher demand for Oil are keeping prices above June lows. OPEC+ is considering pausing supply hikes from October.Crude … [Continue reading]
Mantle Price Forecast: MNT eyes 200-day EMA breakout for further gains
Mantle ticks lower after three consecutive days of uptrend, targeting the 200-day EMA breakout. The rising MNT Open Interest suggests increased confidence in the derivatives market. The technical outlook is sending mixed signals as the … [Continue reading]
Japan 10-year Government Bond Yields climb to peak since 2008
Japan 10-year Government Bond Yields (JGB) climbed to near 1.59%, the highest since 2008, in Tuesday’s early Asian session. Traders brace for a potential power shift in upper house elections this weekend that could accelerate fiscal spending … [Continue reading]
AUD/JPY retreats as a Harami candle signals bulls may be running out of steam
AUD/JPY bulls fail to break through psychological resistance at 97.00.The Relative Strength Index falls from overbought conditions as AUD/JPY bulls retreat.A Harami pattern on the AUD/JPY daily chart highlights market indecision.The Australian Dollar … [Continue reading]
EUR/USD steady amid US-EU trade tensions and EU countermeasure proposal
EUR/USD recovers from over two-week lows as traders reassess Trump’s tariff threats.US President Trump threatens 30% tariffs on all EU imports starting August 1.EU Commission proposes a second tranche of countermeasures targeting €72 billion worth of … [Continue reading]
EUR/SEK eyes more upside after rebound – Societe Generale
EUR/SEK has rebounded steadily after testing key support at the lower boundary of its long-term channel and is now approaching the crucial 200-day moving average. A defense of the 11.02 level could pave the way for further gains toward 11.37 and … [Continue reading]