USD/JPY Forecast: Carry Trade Dynamics Persist
The USD/JPY pair remains supported by yield differentials and structural BoJ constraints, with 155 yen offering a potential floor as traders eye carry trade opportunities.
Oil Dropped To A 2021 Low
WTI oil prices fell to around $56.3 per barrel, the lowest level since early 2021, as persistent pressure from oversupply outweighed the influence of geopolitical risks.
Eurozone PMI Surveys Show Concern For Manufacturers
UK unemployment is on the rise, although PMIs improve.
You Won’t Believe What The Fed Admitted
The Fed now believes the US has been losing jobs at a rate of 20,000 per month. From strong and resilient to solid, we’re now shedding jobs by the tens of thousands per month.
US-China Trade Falls As China's Global Exports Surge
The total value of goods exchanged between the two nations slipped for the second month, falling from $33.4 billion in the previous month to $31.8 billion.
Warsh Is In The Race: Fed Chair Odds In Flux
Over the last few weeks, it seemed all but a done deal that Kevin Hassett would replace Jerome Powell as the next Fed Chair. That changed this past weekend as President Trump added Kevin Warsh alongside Hassett as his top Fed contenders.