Gold soars above $2,330 as investors bet on Fed rate cuts later this year. Risk aversion due to European political turmoil boosts demand for safe-haven assets like gold. US Consumer Sentiment dips in June, inflation expectations remain above Fed’s 2% … [Continue reading]
Gold shines bright as US inflation dip ignites hopes for Fed rate cut
Gold soars above $2,330 as investors bet on Fed rate cuts later this year. Risk aversion due to European political turmoil boosts demand for safe-haven assets like gold. US Consumer Sentiment dips in June, inflation expectations remain above Fed’s 2% … [Continue reading]
EUR/JPY Price Analysis: Slips below 169.00 amid political turmoil
EUR/JPY trades at 168.43, marking the second consecutive day of losses due to political uncertainty in France. Technical outlook: Consolidation below 170.00 with potential further losses if price drops below the 50-DMA at 167.47. Key support levels: … [Continue reading]
Ethereum could sustain range-bound move following SEC Chair’s uncertainty over ETH status
Ethereum will host traditional market participants' tokenization efforts as they look to avoid liquidity fragmentation. SEC Chair Gensler maintains uncertain position when asked if ETH is a commodity. Ethereum may sustain range-bound movement in the … [Continue reading]
WTI Oil Price Analysis: Closing in on cluster of resistance in the $79.00s
Oil is rising up to a cluster of daily major moving averages in the $79.00s. These will probably present a tough level of resistance for the commodity. The persistence of the short-term uptrend will depend on a decisive break of this … [Continue reading]
BoE Survey: UK public inflation expectations for year ahead drop from 3.0% to 2.8% in May
UK public inflation expectations for the coming year are seen at 2.8% in May, declining from a 3.0% figure projected in February, the quarterly survey conducted by the Bank of England (BoE) showed on Friday. Additional findings UK public inflation … [Continue reading]
Japanese Yen depreciates after BoJ’s decision to keep policy rate unchanged
The Japanese Yen edges lower as BoJ left interest rates unchanged at 0% on Friday. Policymakers intended to finalize a plan for decreasing bond buying at the next meeting. The US Dollar maintains its stability despite weaker-than-expected … [Continue reading]
Bank of Japan Preview: Interest rates seen steady as BoJ maintains cautious approach
The Bank of Japan is largely expected to keep its policy rate unchanged. Markets’ attention will be on a potential hawkish message by Governor Kazuo Ueda. Further announcements could be around JGB purchases. The Bank of Japan (BoJ) is expected to … [Continue reading]
US Dollar holds ground after fresh PPI readings and Jobless Claims
DXY rallies further following Federal Reserve's decision, trades above 105.00. US releases soft PPI figures from May and higher weekly Initial Jobless Claims. US Treasury yields continue to move down and may limit the upside. On Thursday, the US … [Continue reading]
Banxico Governor assures market stability amid Mexican Peso volatility
Banxico Governor Rodriguez Ceja attributes Peso volatility to external factors, not solely domestic political issues. USD/MXN surged from 16.91 to 18.99 after the June 2 election, with 10-year Mbono yield rising to 10.74%. Banxico may deploy a $30 … [Continue reading]