The yen depreciated notably in Q2 despite direct FX intervention from Japanese officials to strengthen the currency. At the start of Q3, upside risks appear for the yen as the threat of intervention builds
Gold’s trading range and silver’s long-term uptrend offer differing outlooks for Q3 but the potential for both to consolidate and trade in a sideways manner remains constructive
Pound Sterling to start Q3 on the backfoot after the Bank of England put the August Meeting on the Radar for a Potential Cut. GBP emanates vulnerability
Aussie dollar closed out Q2 on a positive note, supported by a hotter inflation profile. AUD/USD approaches well-defined tripwire for a bullish continuation, AUD/JPY reveals risk of bullish fatigue
Outlook on FTSE 100, DAX 40 and CAC 40 as markets gear up for US personal consumption expenditures (PCE) and the first round of France’s legislative elections.
Early trading has seen indices stabilise, with losses on the Dow and Nasdaq 100 halted for now, while the Nikkei 225 is aiming to continue the strong gains seen earlier in the week.
The Australian dollar has been one of the standouts in the FX space for a couple of weeks now, propped up by rising inflation and higher inflation expectations