The Japanese Yen slipped to its lowest level since April during the Asian session on Wednesday, weighed down by fading expectations of a near term rate hike from the Bank of Japan (BoJ). The market reaction reflects growing concerns over the potential economic fallout from recently imposed higher US tariffs, which has dampened hawkish bets on the BoJ and...
Bitcoin is up around 26% this year. A strong gain. But it’s not alone. The higher Bitcoin rises, the less the gains become in percentage terms. It's now in a different league, so a $1,000 or $10,000 move its necessarily what it used to be. Meanwhile, Gold, silver and copper have also pushed higher in 2025. The Nasdaq 100 is up too. All signs point to a weakening...
Brent Crude remains under pressure and has really caught our eye. The weakness in recent weeks is significant. The price recently failed to hold above its 200-day moving average, reinforcing downside risks. Without momentum, prices could revisit June lows unless short-term hurdles at US$69 and US$72 are decisively cleared. This weakness aligns with BP's latest...
The AUD/JPY cross attracts some buyers around 94.50 during the Asian session on Wednesday. The Japanese Yen edges lower against the Aussie following domestic weaker than expected inflation data for May as the relative interest rate differentials between the two currencies will play a crucial role in determining the AUD/JPY direction. From a technical...
The Australian dollar (also known as the Aussie Battler) looks set to continue its recent bounce. Inflation is now under control and monetary easing will continue to support aggregate demand across the economy. While rate cuts are dovish, the underlying economy is still strong and, as we will explain below, the fiscal situation is shaping up better than expected....
Dow Jones Industrial Average (DJIA) stands at 42,581.78 points, reflecting a 0.9% increase from the previous day. This uptick is attributed to investor optimism following a restrained retaliatory missile strike by Iran on a U.S. base in Qatar, which was perceived as non escalatory. Additionally, comments from Federal Reserve Governor Michelle Bowman suggested...