Financial News
- Bob Mason
The crypto market had a tumultuous week, with Fed jitters, SEC vs. Ripple court filings, and US BTC-spot ETF market outflows testing buyer demand.
- Vladimir Zernov
Long-run inflation expectations increased from 3.0% in May to 3.1% in June.
- Bob Mason
The Bank of Japan left interest rates unchanged, impacting buyer demand for the USD/JPY. Investors eye BoJ rhetoric, with US data also in focus.
- Vladimir Zernov
The report was close to the analyst consensus of +75 Bcf.
- James Hyerczyk
The decline in the PPI, especially driven by lower energy costs, suggests potential easing of inflationary pressures.
- Bob Mason
German wholesale prices edge up, hinting at economic stabilization. Eurozone industrial production numbers will be in focus next.
- Vladimir Zernov
The federal funds rate projection for 2024 was increased from 4.6% to 5.1%.
- Vladimir Zernov
Gasoline inventories increased by 2.6 million barrels from the previous week.
- James Hyerczyk
While May’s flat CPI report offers some hope, the year-over-year picture remains concerning.
- James Hyerczyk
With a tame May CPI, the Fed may ease monetary policy, potentially boosting stocks, while monitoring core inflation trends closely.
- Bob Mason
The UK economy hits a Snag: April growth stalls as manufacturing falters and services sector output slows. Up next, the US CPI Report and the Fed decision.
- Bob Mason
UK claimant counts, employment figures, and the unemployment rate signal a deteriorating labor market environment supporting a near-term BoE rate cut.
- Bob Mason
It is a pivotal week ahead for the markets, with the Fed and the Bank of Japan delivering interest rate decisions. Forward guidance will move the markets.
- Bob Mason
Coinbase rallied 8%, while XRP faced a weekly loss despite both battling the SEC in the Courts. Court rulings from both cases could impact the crypto market.
- James Hyerczyk
Steady job growth and wage increases indicate a robust U.S. labor market, supporting bullish sentiment despite slight revisions in previous months.
- James Hyerczyk
Investors are hoping the NFP report indicates a soft landing scenario, where job openings and hiring slow, but layoffs remain minimal.
- James Hyerczyk
The pause in Chinese gold purchases triggered a sell-off, but potential weak U.S. economic data and subsequent rate cuts could support XAU/USD prices.
- Bob Mason
On Friday (June 7), the German economy was in the spotlight, with German trade terms and industrial production in focus. German Trade Surplus Narrows as Exports Decline In April, the German trade surplus narrowed from €22.3 billion to €22.1 billion. Economists expected a trade surplus of €22.6 billion. Furthermore, exports
- Vladimir Zernov
Natural gas traders will also stay focused on weather forecasts’ dynamics.
- James Hyerczyk
The ECB Governing Council cited an updated assessment of the inflation outlook and the strength of monetary policy transmission as key factors in their decision.
