The Japanese Yen bounced slightly briefly after fresh intervention warnings from Tokyo, but the market’s overall message appears unchanged: traders are still eyeing another test of the 160 level. After USD/JPY flirted with the intervention Read more…
EUR/USD remained under pressure on Wednesday, holding at 1.1629. The US dollar continues to draw support from difficulties in negotiations between the US and Iran, as well as a renewed escalation of tensions in the Read more…
UK service-sector activity slipped into contraction in May for the first time in more than a year, highlighting the growing economic impact of elevated inflation and geopolitical uncertainty. PMI Services (final) fell sharply from 52.7 Read more…
Eurozone business activity deteriorated further in May, adding to concerns that the region could slip into contraction in the second quarter. The final Composite PMI Output Index fell from 48.8 to 48.5, its lowest level Read more…
Scarcity has a way of making people forget there was ever another option. When one ingredient becomes the thing everyone needs at once, the price stops behaving like a price and starts behaving like a 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. Why we love this deal Hot summer days can be uncomfortable Read more…
Fundamental backdrop In April, US inflation stood at 3.8% year-on-year — the highest level since May 2023. A significant contribution came from rising fuel prices amid escalating tensions in the Middle East. Market reaction was Read more…
The US dollar is holding on to its recently gained ground following a series of strong macroeconomic releases and a rise in US Treasury yields. Additional support for the greenback comes from resilient inflation readings, Read more…
Markets “At some point, we cannot let the market do all the lifting. We need to take a stance.” Belgian ECB governor Wunsch in an interview with the Financial Times joined Schnabel in clearly signalling Read more…
In focus today In the US, ADP’s private sector employment growth will be released for May. ADP’s weekly estimates have pointed towards another solid month of job creation. ISM Services Index is also due for Read more…