JPMorgan stock price at record high ahead of Q2 earnings
JPMorgan earnings kick off earnings season on 12 July, but a slowdown is expected despite the stock’s run to record highs.
US Dollar Little Moved on Chair Powell’s Testimony, EUR/USD and GBP/USD Sentiment Analysis
US Fed Chair Jerome Powell’s semiannual testimony to Congress has produced little of note so far, leaving US dollar traders looking ahead to Thursday’s inflation report
US Crude Oil Prices Retreat As Storm Beryl Spares Texas Infrastructure, Powell Up Next
The storm was less disruptive than it might have been, leaving supply worries looking overdone.
Japanese Yen (USD/JPY) – Bond Buying, Rate Expectations, and Fed Chair Powell
The Bank of Japan may not hike interest rates this month but may begin to pare back its bond-buying program
Gold (XAU/USD) Slips After the PBoC Step Back from Buying for the Second Month
The price of gold slipped Monday after data showed that the People’s Bank of China (PBoC) left its gold reserves untouched in June.
Australian Dollar Returns Some Gains But Stays Close To Year’s Highs
As long as the Reserve Bank of Australia looks likely be among the last majors to cut rates, it’s hard to see the Aussie falling far
Euro (EUR/USD) on Edge After Surprise French Election Result
In a shock result, the left-wing New Popular Front (NPF) beat both the right-wing National Rally (RN) and President Macron’s Ensemble alliance to gain the most seats in the National Assembly.
Japanese Yen Q3 Fundamental Forecast: Yen Can Go Lower Yet Unless US Rate-Cut Hopes Revive
The yen remains in a precarious position heading into Q3 after it depreciated to extreme levels, risking another bout of direct FX intervention from Japanese officials
British Pound Q3 Fundamental Forecast: Time to Start Cutting Interest Rates
The British Pound is under pressure going into the third quarter of the year as interest rate cuts finally heave into view. With the UK highly likely to elect a Labour government, investors may shun the pound due to unclear spending plan
Gold Q3 Fundamental Forecast: Interest Rates, Central Bank Demand and Risk
Gold's Q3 direction hinges on rate shifts, reduced central bank purchases, the run up to the US election, and the continuation of major global conflicts