The Euro has failed to capitalise on a sliding US Dollar after a Fed rate hike and soft US GDP figures saw USD/JPY make a six-week low. Will EUR/USD rally?
USD/JPY may stage a larger advance over the coming days as the Relative Strength Index (RSI) holds above oversold territory.
The Nasdaq 100 and S&P 500 fall Tuesday for a second straight day as U.S. Treasury yields soar on fears that the Fed will continue to raise interest rates aggressively to cool inflation.
US speaker Nancy Pelosi has arrived in Taiwan, threatening risk sentiment. Equities remain resilient despite rising risks.
The Euro remains structurally weak across the board.
A weaker-than-expected US second-quarter GDP print was good news for stocks on Wall Street. The risk-on shift sent the US Dollar lower and Bitcoin prices higher, clearing key technical levels.
The index retreats as US House Representative Nancy Pelosi’s scheduled visit to Taiwan stirs haven demand as uncertainty returns.
The Japanese Yen may benefit from US recession concerns, lower US treasury yields and safe-haven appeal given the renewed US-China tensions over Taiwan visit
Gold is finding resistance tough to break but the precious metal may receive a risk-off bid if tensions between China and the US increase further.
Brent crude oil prices may rise ahead of OPEC+ deliberations as members consider the economic outlook and optimize their leverage in the geopolitical landscape.
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