ECB MEMBER WUNSCH WARNS AGAINST AGGRESSIVE RATE CUTS ECB's Pierre Wunsch cautioned against cutting interest rates too quickly. He emphasized the need for careful review of economic data before rate cuts. Wunsch stressed the importance of avoiding unintended consequences for inflation and growth. He urged continuous assessment of
The US Dollar (USD) may rise again to 148.90 against the Japanese Yen (JPY) before stabilizing. The key support level at 148.63 is unlikely to be reached soon. In the long run, the USD is expected to decline further. However, the 148.63 support level may not be
WTI OIL STRUGGLES ABOVE $70.00 WTI oil price aims to maintain ground above $70.00 after a sharp drop on Friday. Russia-Ukraine peace talks could lead to increased global oil supply, potentially weakening prices. OPEC plans to delay its monthly supply increase. WTI futures bounced to $70.44 on
Dogecoin's price keeps falling, now around $0.23. It dropped 8.55% last week. More traders expect the price to go down. Experts think it may fall to $0.20 soon. Even Elon Musk’s support hasn’t stopped the decline.
YEN HITS 12-WEEK HIGH The Japanese yen rose for the fourth consecutive day. It reached a 12-week high against the US dollar. The yen strengthened against both major and minor currencies. The yen continues to be seen as a strong investment opportunity in the forex market.
GBP/USD Starts Strong: The British Pound is rising against the US Dollar at the start of the week. Still Below 1.2700: The price has not yet crossed the 1.2700 level. US Dollar Weakness Helps: The US Dollar is weaker, which is helping GBP/USD move up. Traders
STOCK FUTURES RISE EARLY MONDAY MORNING AFTER LOSING WEEK Stock market futures rose early Monday as Wall Street aims to recover from last week's losses. Dow Jones Industrial Average futures up by 220 points, or 0.51%. S&P 500 futures rose by 0.54%. Nasdaq 100
PBOC SETS USD/CNY REFERENCE RATE AT 7.1717 PBOC sets USD/CNY reference rate at 7.1717, lower than the estimated 7.2495. The central bank manages the yuan's value within a +/- 2% band. The reference rate guides trading for the Chinese yuan (CNY).
The EUR/GBP exchange rate is staying close to 0.8300. There are no major economic reports from the UK this week. Danske Bank analyst Jens Nærvig Pedersen shared this update.
The Australian Dollar went up after China announced its 2025 policy plans. The Australian Dollar faced problems after Trump told officials to limit Chinese investments in the US. The US Dollar is weak because last week’s US economic data was not good. People expect the US Federal Reserve to
TREASURY YIELDS RISE AHEAD OF ECONOMIC DATA U.S. Treasury yields edged higher on Monday. 10-year Treasury yield: Up by more than 1 basis point to 4.437%. 2-year Treasury yield: Rose by over 2 basis points to 4.219%. Investors await a busy week of economic data, including inflation
The Japanese Yen (JPY) is at a two-month high against the US Dollar (USD) because investors expect the Bank of Japan (BoJ) to raise interest rates. Japanese government bond (JGB) yields are falling, which slows JPY's rise and helps USD/JPY recover from below 149.00. Fresh selling