Euro recovers as Eurozone inflation stays firm
EUR/USD trades near the 1.1530 area during Friday’s American session, consolidating after a strong rally off intraday lows. The Euro found support from resilient Eurozone inflation data, although gains remain capped as hawkish Federal Reserve (Fed) rhetoric boosts the US Dollar. Preliminary data from Eurostat showed that the Eurozone Harmonized Index of Consumer Prices (HICP) […]
Gold Price Forecast: XAU/USD Poised for August Breakout After Six Weeks of Consolidation – FOREX.com
Gold Price Forecast: XAU/USD Poised for August Breakout After Six Weeks of Consolidation FOREX.com Source link
CTA Nasdaq de-risking appears largely complete: BofA
CTA Nasdaq de-risking appears largely complete: BofA Source link
Gold Price Forecast: XAU/USD Holds Above $4,040 Ahead of NFP Week – FXLeaders
Gold Price Forecast: XAU/USD Holds Above $4,040 Ahead of NFP Week FXLeaders Source link
It’s a close call whether interest rates are high enough
Richmond Federal Reserve (Fed) President Tom Barkin said on Friday that it remains uncertain whether the current level of interest rates is sufficiently restrictive to bring inflation back to the Fed’s 2% target, according to an interview with The Wall Street Journal. Barkin also said he was unsure whether he would have joined the three […]
US bars imports from 43 more companies over China’s alleged forced labor involving Uyghurs
US bars imports from 43 more companies over China’s alleged forced labor involving Uyghurs Source link
United States Dollar Index struggles near 100 after suspected Japanese intervention
The US Dollar Index (DXY) struggles to hold its early recovery on Friday as the fallout from suspected Japanese intervention and the possibility of direct action by the United States (US) keep the Greenback under pressure. At the time of writing, the index trades around 99.96, easing from an intraday high of 100.45 and hovering […]
European stocks: Is the AI momentum unwind coming to an end?
European stocks: Is the AI momentum unwind coming to an end? Source link
History suggests rotational volatility should slow down in coming weeks: GS
History suggests rotational volatility should slow down in coming weeks: GS Source link
The Japanese Yen has a second buyer nobody will name
Thursday’s record Yen defence is the story everyone has written. Friday is the one that matters, because the Dollar has been sold in three separate lurches since the Tokyo morning, nobody has claimed any of them, and the US Treasury has told a number of banks through the New York Fed that it may enter […]
