USD/JPY Steadies & Defends Key Support, after Last Week’s Slump
The pair lost ground last week, as expectations around the Fed’s next move cooled down, but today it consolidates and tries to hold above key technical levels
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The pair lost ground last week, as expectations around the Fed’s next move cooled down, but today it consolidates and tries to hold above key technical levels
ECB President Lagarde asserted the bank’s commitment to bringing down inflation over the weekend, in the aftermath of the hefty 0.5% rate lift-off, but the pair is cautious as markets brace for the Fed’s policy meeting
The earning season heated up this week (July 18-22), as Tesla, Netflix and Snap released their results, while more news stood out, such as Ford’s EV update and more
Today’s preliminary data showed that Eurozone and Germany manufacturing activity contracted in July, but the German index is constructive
The European Central Bank raised rates for the first time since 2011 on Thursday, by more that it had previously pointed to, with the pair dropping today as EZ factory activity contracts
The central bank raised rates for the first time in eleven years today, opting for a bolder 50 basis points, against its previous forwards guidance for a more modest move
The king of the Electric Vehicle market reported overall solid results for Q2, but comparisons with the previous quarter are not flattering
Netflix stock rises in today’s pre-market, after reporting a smaller than expected loss of subscribers, while offering updates on its plans for ad-supported tier and password sharing
CPI Inflation accelerated 9.4% y/y in June as today’s data showed, aggravating cost-of-living fears, while the Pound consolidates it recent gains against the greenback
A Reuters report suggests that officials of the European Central Bank will discuss about raising rates by 25 or 50 bps, which sends the pair higher, whereas bets for an outsized move by the Fed cool down
The pair starts the week on the offensive, helped by supportive BoE commentary and the greenback's slide, as market expectations around the Fed settle down
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