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Forex
USD/JPY Price Analysis: Subdued at around 159.60 amid intervention threats
USD/JPY remains flat as US Treasury yields tumble.
Technical outlook shows upward bias with bullish RSI, but risks persist due to potential Japanese…
Australian Dollar faces selling pressure ahead of CPI
Australian Dollar’s downside is supported by hawkish RBA outlook.
Markets now hint at rate cuts not before February 2025.
Upcoming May CPI figures will be…
Dow Jones Industrial Average gives up recent gains, sheds 300 points on Tuesday
Dow Jones backslides as other indexes gain ground.
DJIA gets dragged down by steep declines in large caps.
US data softened slightly on Tuesday, but not…
Mexican Peso plunges on Fed hawkish comments
Mexican Peso depreciates sharply with USD/MXN trading back above 18.00, gaining over 1%.
Fed Governor Michelle Bowman’s comments on holding policy rates…
S&P 500 Outlook: Index down for three straight sessions heading into Tuesday
SPY ETF sees largest outflows in June since January 2015.
Semiconductors and big tech experience profit-taking after good run.
Micron releases quarterly…
GBP/USD Price Analysis: Stays firm below 1.2700, bearishly biased
GBP/USD is steady as worse-than-expected US Consumer Confidence report, weighs on US Dollar.
Technical outlook shows a 'bullish piercing' pattern, but…
EUR/USD weakens on Fed Bowman’s hawkish guidance on interest rates
EUR/USD falls sharply from 1.0740 as Germany’s outlook appears to be dull.
The ECB could deliver subsequent rate cuts to uplift poor demand prospects.
The…
Mexican Peso rallies on inflation data, Banxico meeting ahead
The Mexican Peso rallies after the release of inflation data ahead of the Banxico meeting.
The Banxico is likely to keep interest rates unchanged at 11%,…
Breaking: Canadian CPI picked up pace and increased by 2.9% YoY in May
Statistics Canada reported on Tuesday that Canada's inflation, indicated by the annual change in the headline Consumer Price Index (CPI), increased to 2.9% in…
Pound Sterling rates look priced too close to the US – ING
Looking at forward curves, it is remarkable that UK interest rates remain priced so close to the US, ING’s FX strategists Chris Turner notes.
UK rates to be…