frank_mm1102

frank_mm1102

Macroeconomic News: The EUR/USD pair saw little movement on Monday, trading near 1.0860 after the US market closed for a long weekend. This week, European economic data is sparse, while the US PCE inflation data is the main highlight. Traders are looking for signs of potential rate cuts from both the ECB and the Fed. Germany's CPI is expected to be released on...

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Macroeconomic News: The GBP/USD pair is trading with a slight upward trend near 1.2780 in early Asian trading on Tuesday. Traders are scaling back bets on Fed rate cuts due to strong US data and hawkish comments from the Fed. Simultaneously, the Bank of England (BoE) might keep rates unchanged, supporting the GBP. Markets are awaiting the US Conference Board...

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Macroeconomic News: The Tokyo CPI Index of Japan and the US GDP and PCE inflation data are key highlights for this week. Tokyo's core CPI is expected to rise on Friday, while investors anticipate that the US PCE inflation will remain stable in April. The USD/JPY pair is currently trading below the 157.00 level, awaiting key data that will determine the pace of...

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Macroeconomic News: The Australian Dollar (AUD) continued to appreciate against the US Dollar (USD) in Tuesday's trading session, despite Australia's Retail Sales data growing weaker than expected, rising only 0.1% in April compared to the anticipated 0.2%. The strength of the AUD was further bolstered by improving risk sentiment and the recent Reserve Bank of...

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Macroeconomic News: Gold (XAU/USD) prices increased in early Asian trading on Tuesday, supported by a weakening USD and safe-haven flows amid escalating geopolitical tensions in the Middle East. Traders will be closely watching the US Conference Board Consumer Confidence Index and speeches by Fed officials such as Neel Kashkari, Mary Daly, and Lisa Cook on...

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Macroeconomic News: The Australian Dollar (AUD) continued to appreciate on Monday, driven by improved market sentiment following a slight decrease in the University of Michigan's (UoM) 5-year inflation expectations on Friday. The weaker USD, resulting from the UoM's 5-year inflation expectations dropping to 3.0%, below the forecasted 3.1%, supported the AUD....

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Macroeconomic News: The Japanese Yen (JPY) appreciated on Monday, ending a three-day losing streak, following comments from Bank of Japan (BoJ) Governor Kazuo Ueda. Ueda emphasized the need to re-anchor inflation expectations toward the 2% target. Japan's annual inflation remains above the BoJ's 2% target, increasing pressure on the central bank to tighten...

frank_mm1102

Macroeconomic News: The Australian Dollar (AUD) continued to appreciate on Monday, driven by improved market sentiment following a slight decrease in the University of Michigan's (UoM) 5-year inflation expectations on Friday. The weaker USD, resulting from the UoM's 5-year inflation expectations dropping to 3.0%, below the forecasted 3.1%, supported the AUD....

frank_mm1102

Macroeconomic News: The GBP/USD pair continued its upward trend on Monday, trading around 1.2740, near its two-month high, supported by positive market sentiment. The University of Michigan's 5-year inflation expectations slightly decreased to 3.0%, lower than the forecast of 3.1%, weakening the USD and supporting the GBP/USD pair. According to the CME FedWatch...

frank_mm1102

Macroeconomic News: The EUR/USD pair is trading with slight gains around 1.0850 in early Asian trading on Monday. The stronger-than-expected preliminary PMI data for May from the Eurozone has supported the Euro (EUR). However, the possibility of the European Central Bank (ECB) cutting interest rates in the coming months may cap the pair's upside. Strong economic...