Global Economic : Key Highlights
Today's news highlights global economic and market developments, including Biden's call for calm, China's economic performance, the attempted assassination of Trump, major corporate acquisitions, and international financial markets. Significant updates also include geopolitical dynamics, cultural trends, and sports achievements.
Global Economic and Market Developments: Key Highlights
Today's news highlights global economic and market developments. Key points include discussions on Biden's press conference, Nvidia and Tesla stock movements, US inflation cooling, China's grain production efforts, and major updates from companies like Apple and OpenAI. Global geopolitical dynamics and significant financial decisions in France and Chile round out the day's highlights.
Today's analysis: USD/JPY Rises Amid Yen's Historic Low and Limited Government Intervention
The Japanese Yen has reached a historic low, despite government intervention efforts. This has strengthened the US Dollar Index. USD/JPY hit a multi-decade high, driven by the Yen's weakness. Despite the overbought RSI, traders eye support levels at the 55-day (156.53) and 100-day (153.81) SMAs before challenging new highs.
EURUSD Eyeing 1.1150 Ahead of German and US Inflation Figures
Eurozone confidence worsened in July as continued global uncertainties weigh heavily on investor sentiment. EURUSD volatile ahead of key inflation data to be released later today.
US Dollar Steadies as Fed Rate Cut Odds Stabilize - Calendar Driving Prices
The US Dollar (via the DXY Index) has not seen significant follow through after breaking key technical levels last week. That simply may just be a function of the calendar.
US Dollar Weekly Forecast: After May Fed Meeting & April NFP, Fed Speakers & April Inflation Due Up
A slew of Fed policymakers will hit the lecture circuit this week, while the only ‘high’ rated data release is the April US inflation report due on Friday.
US Dollar Weekly Forecast: ECB Meeting, US Inflation, Fed Minutes on Tap
The US Dollar will deal with several important data releases over the coming week, including US inflation data and the Fed meeting minutes.
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