Will strive to reach a deal with the US on tariffs while protecting national interest Need to stay in office to deal with tariff talks, rising prices and other economic issues Not currently considering personnel changes Will not expand formal government coalition To seek cooperation of other parties to tackle rising prices As much as he won’t admit to…
United States Baker Hughes US Oil Rig Count declined to 422 from previous 424
The week ahead promises significant event risk with Japan’s election, ECB decision, and global PMIs providing multiple catalysts for volatility. Here’s what you need to keep in mind.
China’s Foreign Ministry says EU Commission President Ursula von der Leyen will visit China on July 24. President Xi will meet with von der Leyen during her visit. European Council President António Costa will also visit China on July 24. Premier Li Qiang will co-chair the 25th China-EU Summit with the EU presidents. President Xi will also meet with…
The US Dollar stabilizes after intraday selloff, supported by strong US data and tempered Fed interest rate cut expectations. US Treasury yields dip from recent highs, amplifying pressure on the Greenback. The technical setup on DXY indicates fading momentum below the 50-day EMA following a breakout from a falling wedge. The US Dollar is steadying after a brief selloff…
China has quietly issued its first rare earth mining and smelting quotas for 2025 without the usual public announcement, according to sources familiar with the matter — a move seen as part of Beijing’s efforts to tighten control over the strategically vital sector. The rare earth quota system is a key tool used by China, the world’s top producer…
NZD/USD rebounds toward clustered resistance as New Zealand CPI looms. New Zealand inflation is expected to set the tone for the cautious RBNZ while dovish Fed Waller increases expectations of a September rate cut. NZD/USD approaches moving average resistance with price action vulnerable to upcoming CPI. The New Zealand Dollar (NZD) is strengthening against the US Dollar (USD) on…
I posted on the JPOY moves a couple of hours ago while much of Asia remained asleep: Monday open levels, indicative FX prices, 16 June 2025 JPY has opened trading for the week much stronger. USD/JPY circa 147.85, EUR/JPY 172.10 Note – It’s a Japanese holiday today, Monday, July 21, 2025 – markets are closed The yen is giving…
Gold boosted as Fed’s Waller supports July rate cut, boosting Gold as yields decline. US Dollar Index slips to 98.48, enhancing appeal of Dollar-denominated Bullion. UoM survey shows improved sentiment and easing long-term inflation expectations. Gold price advances during the North American session on Friday as the US Dollar weakens, with traders booking profits ahead of the weekend. Additionally,…
Japan’s ruling coalition, led by Prime Minister Shigeru Ishiba, has lost its majority in the upper house following Sunday’s election, according to public broadcaster NHK. The result further undermines Ishiba’s authority, which has already been weakened since his party lost control of the more powerful lower house in October — their worst performance in 15 years. The Liberal Democratic…
