The Japanese Yen Leads as Global Central Banks Anticipate Cuts!
- Markets watch global central banks confirm their latest rate decision. This week includes Bank of Japan, Federal Reserve and Bank of England.
- Global stocks rose on Monday! The NASDAQ rises 0.67% as major tech-earnings edge nearer.
- Tuesday’s earnings releases include Microsoft, ADM and Starbucks.
- Analysts expect the Fed to ready
The Yen Soars as the Likelihood of a BoJ Rate Hike Rises!
- The Japanese Yen wins back some lost ground as global Central Banks edge closer to rate cuts.
- The probability of another interest rate hike by the Bank of Japan increases.
- July’s best performing currencies are the Japanese Yen (+4.35%), British Pound (+1.41%) and the Swiss Franc (+1.41%).
- Currencies are taking
Market News – AI Mania Over? Stocks, Gold & Oil Dip; Yen Surges
Economic Indicators & Central Banks:
- Wall Street plunged and Treasuries bear steepened in an anxious trade.
- News that ex-Fed president Dudley was now calling for the FOMC to cut rates next week amid recession fears added to investor angst.
- European stock markets continued to decline alongside Asian equity futures, intensifying
Market News – Stocks dip as earnings disappoint; Yen strengthens further
Economic Indicators & Central Banks:
- The market faces pressure entering a seasonally weak period, with potential increased volatility due to the upcoming US presidential election.
- Asian stocks and US stock futures also fell, impacted by earnings reports from large American firms like Tesla Inc. and Alphabet Inc., which were
Escalating Tariffs on China Spark a Major Selloff in Tech Stocks!
- Investors expect the European Central Bank to keep interest rates at 4.25%.
- US confirms new sanctions against China primarily aimed at semiconductors applying significant pressure on Tech Stocks.
- The NASDAQ trades more than 4% lower than its recent highs. Investors reduce their involvement in growth stocks as top economists predict