USD/JPY Hits New 34Year Highs after Another Hot US Inflation Print
The pair jumps above the July 1990 highs as today’s data showed an acceleration in price pressures, which raises the bar for rate cuts and boosts the greenback
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The pair jumps above the July 1990 highs as today’s data showed an acceleration in price pressures, which raises the bar for rate cuts and boosts the greenback
Another strong jobs report did not bother Wall Street, which appears to think that this reinforces the soft landing scenario, despite risk for less Fed cuts than previously expected
Disney scored a crucial victory this week in the proxy fight against Trian Partners, but its stock pulls back from critical tech levels after a stellar first quarter
The commodity extends its gains to the highest since January 2023, helped by China’s recovery that boosts demand prospects, amidst supply disruptions
Apple & Tesla are part of the so-called Magnificent Seven, but unlike their group peers, their performance has been disappointing this year
The tech-heavy index trades with caution after the unexpected manufacturing PMI expansion, which sapped rate cut expectations
USOil comes from a profitable month and quarter, largely due to supply disruptions and the latest upbeat factory data from China support it today
The pair is subdued after hawkish remarks by Fed voters ahead of Friday’s PCE inflation update from the US
The pair rises to 1990s territory despite the BoJ exit from negative rates, which raises risk for FX intervention by Japanese authorities
The index rallied last week as BoE appears to be moving closer to a cut, but inflation is still far from target and more time may be needed
The US Justice Department sued the tech giant for monopolistic practices, in a landmark antitrust case that threatens Apple’s walled garden business model
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