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Fed Making Headway as US Inflation Slows, S&P 500 Edges Higher
Core Inflation Rate YoY (June) 4.8% Vs 5% Forecast. Inflation Rate YoY (June) 3% Vs 3.1% Forecast. Inflation Rate MoM 0.2% and Core Inflation Rate MoM 0.2%. A Sign That the Fed are Starting to Win the Inflation Battle, but is it Enough to Stave off a Rate Hike on July...
GBP/USD, EUR/GBP Outlook Ahead of a Data Filled Week
GBP/USD Retreats from Fresh YTD High on a Slightly Upbeat US Dollar. EUR/GBP Could be in for a Short-Term Bounce Before Sterling Bulls Return. Data Filled Week Ahead Which Could be a Welcome Change of Pace Following the Lack of Volatility for Large Parts of Last week....
USD/JPY Latest – Japanese Yen Fight Back Thwarted by Rising US Bond Yields
US ADP data sends US bond yields sharply higher. Will the MoF act to prop up the Yen? The latest FOMC minutes suggest that while further monetary tightening is likely, it will be conducted at a slower pace and be increasingly data-dependent. One area of data...
DXY Price Analysis: Near-term consolidation on the cards
DXY extends the weekly consolidative mood around 103.00. The resumption of the buying interest could challenge 103.50. DXY alternates gains with losses amidst the weekly range bound theme around the 103.00 zone on Wednesday. While further consolidation seems probable...
Euro climbs to daily highs around 1.0930 as US Dollar deflates
Euro extends the recovery to the 1.0930 region vs. the US Dollar. Stocks in Europe closed in a mixed tone at the beginnng of the week. EUR/USD gathers impulse and flirts with 1.0930 on Monday. Final Manufacturing PMIs in the euro area remained depressed in...
Gold Prices Teeter on Brink of Breakdown as US Yields Fly High Following US Data
Gold prices lacks directional conviction, swinging back and forth between gain and losses Despite Wednesday’s price action, the precious metal could come under pressure following the recent jump in rates U.S. Treasury yields soar after first-quarter GDP is revised...