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With inflation remaining stubbornly elevated, the minutes of the Federal Reserve's latest monetary policy meeting showed the central bank intends to move "expeditiously" to a more neutral monetary policy stance. The minutes revealed the Fed plans to use both interest rate increases and reductions in the size of its balance sheet to achieve a neutral posture. more...
The manufacturing sector in Japan continued to expand in May, albeit at a slower pace, the latest survey from Jibun Bank showed on Tuesday with a manufacturing PMI score of 53.2. more...
The manufacturing sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 55.3. more...
The Euro stabilized last week as the European Central Bank signaled that it would raise its main interest rate by July. The economic calendar offers few meaningful data releases; speeches by ECB President Christine Lagarde will garner the most attention. Daily price is located below Ichimoku cloud inside symmetric triangle pattern within 1.0349/1.0606 support/resistance levels waiting for direction of the strong bearish trend to be continuing ...
Gold prices ended a 4-week losing streak as recession worries multiplyMarkets translated growth fears into a cooler outlook for interest ratesHawkish tone from Fed, other top policymakers may reboot the selloff more...
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