Japanese Yen Slumps to Fresh Multi-Decade Lows, USD/JPY Eyes US PCE Report
DailyFX
by Nick Cawley
15h ago
The Japanese Yen continued to fall to new multi-decade lows against a range of currencies after the BoJ left monetary policy unchanged. Weaker-than-expected Tokyo inflation the driver of the latest move ..read more
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Gold, Silver Price Outlook: Precious Metals Seek Directional Cue
DailyFX
by Richard Snow
1d ago
Gold and silver have pulled back from their respective highs, looking for the next catalyst. With risk sentiment improving, precious metals may find support from a softer USD ..read more
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Crude Oil Prices Retrace Some Losses Despite US Demand Doubts
DailyFX
by David Cottle
1d ago
US crude inventories fell, but much of this was down to oil exports rather than strong local demand ..read more
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US Q1 GDP Misses Forecasts, PCE Beats Estimates, US Dollar Moves Higher
DailyFX
by Nick Cawley
1d ago
The US economy expanded by 1.6% q/q in the first three months of the year, missing estimates of 2.5% and down from 3.4% in Q4 2023. US dollar firms after PCE figures nudge higher ..read more
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Yield Curve Inversion and its Economic Implications
DailyFX
by Nick Cawley
1d ago
Yield curve inversion has historically been associated with economic slowdowns and recessions in the US ..read more
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USD/JPY Breaches ‘Line in the Sand’ Ahead of BoJ Meeting
DailyFX
by Richard Snow
2d ago
The yen continues to depreciate, adding pressure to Japanese authorities to respond. Will recent wage growth and yen weakness bring the inflation target within reach ..read more
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Euro Outlook – EUR/USD and EUR/GBP Technical Analysis and Sentiment Latest
DailyFX
by Nick Cawley
2d ago
The Euro has been buffeted over the last few sessions against the US dollar, while EUR/GBP has jumped on recent Sterling weakness ..read more
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Japanese Yen Lower Again, USDJPY Market Weighs Intervention Chances
DailyFX
by David Cottle
2d ago
With the Yen at multi-decade lows, and commentary out of Tokyo suggesting enough is nearly enough, this is not a market to look away from now ..read more
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Risk Sentiment Remains Positive: Gold, VIX, Tesla Latest Outlooks
DailyFX
by Nick Cawley
3d ago
Financial markets remain risk-on as positive sentiment continues to push prices higher ..read more
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US Dollar Rattled by Weak PMIs, US GDP and Core PCE Remain this Week’s Key Drivers
DailyFX
by Nick Cawley
3d ago
The dollar slipped in early US turnover as the latest S&P PMIs miss forecasts and last month’s numbers. Growth and inflation data and US Treasury auctions now on the horizon ..read more
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