UEDA COMMENTS ON INFLATION AND MONETARY POLICY BOJ Governor Ueda notes underlying inflation is still somewhat below 2%. Ueda expects underlying inflation to gradually rise as Japan’s economy recovers. BOJ is gradually reducing its balance sheet size. Ideal balance sheet size will be informed by overseas examples. Japan’s
USD DOLLAR OUTLOOK: RISE POSSIBLE IF RECESSION AVOIDED Commerzbank suggests the USD could rise if the US avoids a recession. US trade policy uncertainty is high due to Trump's fluctuating stance on tariffs. Market sentiment is shifting towards a higher risk of recession with each new tariff escalation.
PEPE price increased and crossed $0.00007 this week. Crypto markets went up due to positive economic news (US CPI data). Traders are taking more risks, leading to a strong market rally. PEPE is performing better than DOGE and SHIB in this rally.
USD/JPY is falling – The currency pair is moving lower, nearing 148.00. Risk concerns support the Yen – Worries about a global trade war make the Japanese Yen stronger. Different policies from BoJ and Fed – The Bank of Japan (BoJ) and the U.S. Federal Reserve (Fed) have different plans,
GOLD PRICE FORECAST: XAU/USD EYES BULLISH BREAKOUT XAU/USD current price: $2,927.84. US inflation, measured by CPI, eased in February. Trade war concerns are putting pressure on the US Dollar. XAU/USD is poised for a breakout after a prolonged consolidation phase.
EUR/USD PRICE FORECAST EUR/USD faced pressure after reaching multi-month highs. US Dollar showed a mild rebound, partially reversing previous weakness. February US inflation readings came in below expectations. EUR/USD gave back some recent gains amid the weak USD bounce. Pair briefly dropped below 1.0900 support level.
MOSCOW WARY OF ‘JUMPING THE GUN’ AFTER THE U.S. AND UKRAINE UNITE OVER A CEASEFIRE DEAL Moscow responds cautiously to the U.S. and Ukraine’s agreement on a temporary ceasefire. U.S. and Ukrainian officials agreed on a 30-day ceasefire, but Russia must still accept the terms. The
US STOCKS MOVE HIGHER AFTER TAMER CPI, YIELDS LOWER, USD WEAKER Better-than-expected US CPI data boosts stocks and pushes yields lower. US dollar weaker but rebounding amid volatile trading. US debt market: 2-year yield at 3.940%, 5-year at 4.026%, 10-year at 4.285%.
EUROPE RETALIATES AGAINST TRUMP’S 25% TARIFFS ON STEEL AND ALUMINUM IMPORTS EU responds to Trump’s 25% tariffs on steel and aluminum. Counter-tariffs on $28.33 billion of U.S. goods to start in April. No 50% tariff increase on Canada, as initially planned.
Franklin Templeton applied to the SEC to launch an XRP ETF (a type of investment fund). The company submitted an S-1 filing on Tuesday. The SEC (Securities & Exchange Commission) delayed decisions on similar XRP ETF applications from Canary Capital and Grayscale.
The total crypto market is now worth $2.75 trillion after dropping 4% on Tuesday. Ethereum (ETH), Dogecoin (DOGE), and Chainlink (LINK) were the biggest losers among the top 20 cryptos. Traders are worried because Mt. Gox is about to return $930 million worth of Bitcoin (BTC). This could increase
GOLDMAN SACHS RAISES CREDIT SPREAD FORECASTS, CUTS S&P 500 TARGET Goldman Sachs raises U.S. credit spread forecasts due to trade risks and economic uncertainty. Concerns over higher borrowing costs and supply chain disruptions. S&P 500 year-end target for 2025 reduced to 6,200 from 6,