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]
US Dollar flattens as Powell smashes hopes of quick interest-rate cuts
The US Dollar trades flat, looking for direction after the Federal Reserve decision. Powell kept his cards close to his chest, not committing to any path for interest rates. The US Dollar index trades in the middle of a 30-day range … [Continue reading]
Silver Price Forecast: XAG/USD struggles to sustain above $29 as Fed signals fewer rate cuts this year
Silver price appears to be failing to maintain trade above $29.00 as the Fed sees only one rate cut this year. US bond yields rise despite traders holding Fed rate-cut bets for September. Investors await the US PPI data for further action. Silver … [Continue reading]
Australian Dollar gains ground after positive employment data
The Australian Dollar appreciated due to the higher-than-expected Employment Change. Australia’s Unemployment Rate dropped to 4.0%, from April’s 4.1% rate as expected. The US Dollar recovers losses as FOMC leaves its benchmark lending rate in a … [Continue reading]