Tensions in the Middle East are deescalating after both sides fired missiles at each other—and Trump – not happy – said this: “We basically have two countries that have been fighting so long and so Read more…
In focus today Today is a relatively quiet day in terms of macroeconomic data. In Sweden, today is all about the Riksbank. First off, the minutes from last week’s meeting will be published at 09.30 Read more…
Daily Pivots: (S1) 0.8013; (P) 0.8074; (R1) 0.8114; More…. Immediate focus is now on 0.8038 low as fall from 0.8475 extends. Firm break there will confirm larger down trend resumption. Next target is 61.8% projection Read more…
Dollar remains under broad pressure midweek and is currently the weakest performer among major currencies. While dovish signals from Fed Vice Chair Michelle Bowman and Governor Christopher Waller cracked open the door for a July Read more…
Key Highlights Bitcoin started a fresh increase above the $103,000 resistance. BTC/USD is approaching a major bearish trend line with resistance at $107,000 on the 4-hour chart. Ethereum recovered losses and climbed above the $2,300 Read more…
Australia’s monthly CPI eased more than expected in May, dropping from 2.4% yoy to 2.1% yoy, the lowest level since October 2024 and below forecasts of 2.4% yoy. Underlying inflation also softened, with trimmed mean Read more…
BoJ board member Naoki Tamura said today that the central bank must remain prepared to adjust its policy rate “in a timely and appropriate manner” based on evolving data, even in the face of ongoing Read more…
BoJ’s Summary of Opinions from its June 16–17 meeting highlighted a growing divide among policymakers over the risks posed by US tariffs. While recent hard data for April and May “relatively solid”, several officials warned Read more…
Speaking overnight, Kansas City Fed President Jeff Schmid called Fed’s “wait-and-see” stance appropriate, especially given that inflation remains above target and the effects of rising tariffs are still filtering through the economy. “The resilience of Read more…
Fed Governor Michael Barr warned that the recent wave of tariffs is likely to drive inflation higher, citing the potential “Higher short-term inflation expectations, supply chain adjustments, and second-round effects”. Speaking overnight, Barr acknowledged that Read more…