Summary United States: A Downturn Is Still in the Cards Data released this week support our expectations for a recession in the second half of the year. The LEI continued to flash contraction as early signs of labor market weakening are starting to emerge. Meanwhile, a batch of housing data confirmed that a full-fledged housing […]
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USDJPY aims for a rebound after hitting five-month low. Recovery could be short-lived within the bearish channel. US CPI inflation data due at 12:30 GMT. USDJPY kicked off Wednesday’s session on a strong positive note Read more…
Gold price is held in a narrow range on Wednesday morning and pressuring near-term congestion ceiling ($2930). Near term bias is expected to remain with bulls while the action stays above psychological $2900 level, although Read more…
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