British Pound Holds At ’24 Highs Vs USD But Starts To Look Stretched
Sterling has had a great run this month, and retains a lot of fundamental support. However it is perhaps in need of a break.
Japanese Yen Analysis – USD/JPY Trims Losses; Official Intervention of Jawboning?
The Japanese Yen rallied sharply against the US dollar Thursday after weaker-than-expected US inflation data sent the greenback tumbling. Did the BoJ boost the Yen rally?
US Dollar Slumps After Inflation Eases Further – Stocks, Gold, and Silver Rally
The US dollar fell sharply after the latest US CPI data showed inflation easing by more than forecast. US stocks and gold are rallying into the US open.
Gold Prices Edge Closer To Record Highs As Fed Rate Cut Hopes Boost Demand
The market is again very close to $2,400/ounce and, while fundamental support is solid, may be due a breather.
British Pound Latest – UK GDP Beats Estimates, Rate Cut Expectations Trimmed
The UK economy expanded by 0.4% in May, after flatlining in April, and by a robust 0.9% in the three months to May compared with the three months to February.
British Pound (GBP/USD) Latest – Cable Under Pressure as Gilt Yields Slide
Short-dated UK government bond yields are testing lows last seen in late March as investors see interest rate cuts looming on the horizon
Euro Edges Up As Key US, German Inflation Numbers Approach. Powell On Tap Again
The Fed Chair didn’t tell markets much they didn’t already suspect on Tuesday. His second day of Testimony is now in focus
JPMorgan stock price at record high ahead of Q2 earnings
JPMorgan earnings kick off earnings season on 12 July, but a slowdown is expected despite the stock’s run to record highs.
US Dollar Little Moved on Chair Powell’s Testimony, EUR/USD and GBP/USD Sentiment Analysis
US Fed Chair Jerome Powell’s semiannual testimony to Congress has produced little of note so far, leaving US dollar traders looking ahead to Thursday’s inflation report
US Crude Oil Prices Retreat As Storm Beryl Spares Texas Infrastructure, Powell Up Next
The storm was less disruptive than it might have been, leaving supply worries looking overdone.