Significant volatility was seen in Asian session, following the news of Israel’s missile strike in retaliation against Iran. This geopolitical development initially led to steep decline in Asian stocks and concurrent surge in oil prices Read more…
Oil prices surges sharply in Asian session and there was a significant influx into safe-haven assets such as Gold, Dollar, Swiss Franc, and Japanese Yen. This market reaction was triggered by escalating tensions in the Read more…
Key Highlights USD/JPY extended gains above the 154.00 level. A major bullish trend line is forming with support at 153.95 on the 4-hour chart. EUR/USD is struggling to recover above 1.0720. Crude oil prices declined Read more…
In March, Japan observed a subtle cooling in core inflation, though levels persistently exceed BoJ’s target. Core CPI, which excludes food prices, slowed from 2.8% yoy to 2.6% yoy, slightly under the expectation of 2.7% Read more…
During a press conference today, BoJ Governor Kazuo Ueda highlighted the potential economic repercussions of the persistently weak yen, particularly its effect on trend inflation through increased costs of imported goods. “There’s a possibility the Read more…
Atlanta Fed President Raphael Bostic highlighted his readiness to maintain the current rate levels through the end of the year. “I’m comfortable being patient,” he noted at an event overnight. “I’m of the view that Read more…
Minneapolis Fed President Neel Kashkari told Fox News Channel that he wants to be “patient” regarding monetary easing. He added that the first rate cut could “potentially” be inappropriate until 2025. “I’m in the view Read more…
BoE MPC member Megan Greene said at an event overnight that rate cut is no on the immediate horizon. She characterized that BoE is in a “trade-off territory”, in an environment of persistent high inflation Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Patio season is officially here, and that means lots of campfires, Read more…
The United States is an outlier among advanced economies, so how much signal should policymakers elsewhere take from recent upside surprises on US inflation? Less than some people seem to think. Perhaps the issue didn’t Read more…