In its Monetary Policy Report to Congress, published on Friday, the Federal Reserve said that inflation is somewhat elevated, while the job market remains in a solid shape, per Reuters. Key takeaways “Some early signs tariffs pushing up inflation.” “Still early to assess tariff impact on economy.” “Tariff impact yet to show up in official data.” “Financial stability resilient…
Gold Technical Analysis Video: After the Bomb on Iran’s Nuclear Plant Gold Futures Technical Analysis: Crucial Levels to Watch Before the Market Opens As traders prepare for the opening of the gold futures market, understanding key technical levels and potential scenarios is crucial. In the following video, Itai Levitan from ForexLive (soon transitioning to InvestingLive.com this summer) provides a…
Middle East conflict boosts safe-haven demand, helping the US Dollar Index hold firm near key support. The US Dollar steadies after the Fed holds rates, but bets on a September cut limit broader upside potential. The US Dollar finds short-term support as markets await Trump’s two-week decision on Iran intervention. The US Dollar Index (DXY) is trading sideways on…
He is in no rush to cut interest rates. Not ready to dismiss inflation risk from tariffs. Can’t ignore a spike in inflation if it comes, price indices is still above target. Nothing urgent in data warranting a rate cut at this point. Job market, consumption holding up. Firms say they expect to raise prices later in the year…
GBP/USD trades at 1.3456, down 0.07%, after UK Retail Sales plunge 2.7% MoM in May. DXY holds near weekly highs as US mulls revoking chip waivers for China-linked allies. Traders eye next week’s UK GDP and US Core PCE data amid mixed Fed signals. The Pound Sterling registers minimal losses during the North American session, after UK Retail Sales…
It was hoped that negotiations would work and Iran would give in to its nuclear endeavors. That did not happen. Israel attacked. The next hope is that the pounding from Isreal would lead to a truce, a time for negotiations at some point. Iran fought back and had some success but has little in the way of air defenses…
Japanese Yen weakens further despite stronger domestic inflation prints. USD/JPY trades near 146.00, set for a weekly gain of around 1.20%. Fed’s Monetary Policy Report maintains cautious tone, eyeing gradual easing. BoJ Governor Ueda says more rate hikes likely if economy stays on track for 2% inflation target. The Japanese Yen (JPY) remains under pressure against the US Dollar…
BofA cautions that EUR/USD may be entering the latter, more volatile stage of its rally. Historically, the final third of euro uptrends tends to be choppier and more prone to corrections. Technical signals—including bearish momentum divergence and resistance near 1.16—suggest a potential pullback toward 1.1200–1.1065 before resuming higher toward long-term targets in the 1.18–1.20 range. Key Points: Late-Stage Rally…
AUD/USD slips below 0.6480 as July RBA rate cut bets drag the Australian Dollar lower The US Dollar holds firm as Trump delays Iran bombing decision, but ongoing Middle East tensions sustain safe-haven demand. AUD/USD traders await Fed Daly’s speech and June PMI data, key weekend events that could guide the direction of next week. The Australian Dollar (AUD)…
There seem to be two tracks around Iran. The US military is preparing to attack more intensely Diplomats are laying the groundwork for a deal Ultimately Trump will be the one to decide which way it will go but I think the hesitation is because the US doesn’t know how it might get out of a conflict, particularly if…
