Potatoes have been harder to come by, and both Burger King and McDonald’s have had to take steps to deal with a french fry shortage. A burger and fries simply go together. They’re the Ernie Read more…
BoE MPC member Catherine Mann explained in a speech that her for a 50bps last week. She said, ” a more robust policy move, based on both domestic conjuncture and commensurate with the global factor, reduces Read more…
Bulls are consolidating under new two-decade high but remain in play and position for further advance. The dollar is supported by strong Fed rate hikes and hawkish stance that signals further action, as well as Read more…
The Japanese yen has steadied on Monday, trading just above the symbolic 135 level. Is 140 next for the yen? The BoJ didn’t change its playbook at Friday’s meeting, and what is usually a dull Read more…
In a European Parliament committee hearing, ECB President Christine Lagarde reiterated the policy decision made at June meeting, including ending the asset purchase program, scheduling to raise interest rate by 25bps in July, and to Read more…
The Euro edges higher on Monday, following Friday’s drop that generated strong signal of recovery stall. Fresh strength was fueled by weaker dollar and resisted negative news that French President Macron lost an absolute majority Read more…
At the beginning of the new week, the Japanese yen against the US dollar is consolidating but looks quite weak yet. USD/JPY buyers are not gone: they are lying low, waiting for a good time Read more…
Markets End of last week, investors concluded that EMU and US yields are discounting a ‘reasonable’ amount of tightening given the highly uncertain path for growth and inflation in the second half the year. US Read more…
Canadian CPI inflation figures for May will make headlines on Wednesday at 12:30 GMT as investors look for clues to justify a potential Fed-style triple rate hike from the Bank of Canada next month. Given Read more…
Daily Pivots: (S1) 132.98; (P) 134.20; (R1) 136.24; More… Range trading continues in USD/JPY and intraday bias remains neutral first. More consolidations could be seen below 135.58. But further rally is expected as long as Read more…