BoJ Rate Hike in Focus: USD/JPY, GBP/JPY Technical Analysis

Gold price eases from new seven-week high on Friday morning, as traders took some profits from Thursday’s 1.9% post-US CPI data rally. The yellow metal received fresh boost from cooler than expected US inflation, which boosted bets (93% from 70% before the data) for Fed rate cut in September. Easing consumer prices was probably the […]

Initial projections, alongside statements from Macron and Melenchon on Sunday, indicate that the most probable outcome is that no party will achieve an absolute majority, resulting in a ‘hung parliament’. Hence, public spending in France is not set to rise significantly (see scenario 1, page 2). Projections indicate that National Rally (RN) won the first […]

Markets: The payrolls-Powell combo resonated through today’s European trading session in absence of other data/events. It put core bonds under further pressure from the start with US Treasuries underperforming German Bunds. Recall that Powell ruled out a March rate cut with the voiceover of the 60 Minutes interview on CBS suggesting that the Fed will […]