Portugal’s consumer price inflation moderated slightly in June amid a reduction in fuel prices, preliminary data from Statistics Portugal showed on Tuesday. The consumer price index rose 3.2 percent annually in June, slower than the 3.3 percent increase in May. The annual price growth in energy products moderated to 9.1 percent from 13.1 percent, reflecting […]
The Japanese Yen remained the clear underperformer in otherwise subdued markets, with USD/JPY climbing to a fresh 40-year high as traders continued to exploit what they see as a narrowing intervention window ahead of Thursday’s US Non-Farm Payrolls report. While most major currency pairs remained confined within last week’s ranges, the Yen’s broad-based decline stood
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2026.06.30 2026.06.30 Silver Plummets Under Pressure From Stronger Dollar. Forecast as of 30.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The record price surge at the beginning of the year deprived silver of an important driver—demand for physical metal. Consumers are looking for alternatives, and the XAG/USD’s dependence on gold is rising sharply. At the same time, the decline is
France’s consumer price inflation slowed more than expected in June due to the sharp slowdown in prices of energy, provisional data from the statistical office INSEE showed Tuesday. The consumer price index posted an annual increase of 1.8 percent in June, following May’s 2.4 percent rise. Prices were forecast to grow 2.1 percent. Similarly, EU
FUNDAMENTAL OVERVIEW Gold fell briefly below the 4,000 level in the Asian session but quickly recouped the losses. Nothing has changed on the fundamental side as precious metals remain under pressure due to the Fed tightening risk. There’s a 31% chance of a hike in July and 64% probability of a move in September, with
Macro update Asian equities cap a record-breaking quarter: Japan’s Nikkei was on course for its strongest quarterly gain since 1965, rising more than 38%, while South Korea’s KOSPI looked set to deliver a near 71% advance, led by robust gains in semiconductor stocks. Yen falls to a 40-year low: The widening interest rate differential between
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Key takeaways USD/JPY has confirmed a major technical breakout. The decisive move above the long-standing 161.95 resistance suggests that bullish momentum remains firmly in place, with the pair entering a fresh medium-term impulsive advance despite increasingly forceful verbal intervention from Japanese officials. Interest-rate differentials remain the dominant driver. The widening 2-year US Treasury-JGB yield spread
Malaysian palm oil futures fell below MYR 4,600 per tonne, extending recent declines as a stronger ringgit and weakness in rival edible oils on the Dalian and Chicago exchanges pressured sentiment. Crude oil prices also retreated on the prospect of possible U.S.–Iran talks, further eroding support for vegetable oil markets. Despite the pullback, palm oil
The report says that recent inflation developments has further taken pressure off the ECB for a move in July, although there is still a case to be made if the June numbers are “nasty”. According to the sources cited, all with direct knowledge of the situation, policymakers were surprised by how quickly oil prices have
The stablecoin debate is too often framed as a currency contest: euro versus dollar, or USD versus non-USD. That framing is politically intuitive, especially in Europe, but from a market structure perspective, it is incomplete. Dollar stablecoins are not winning because they are philosophically superior to another. They are winning because one ecosystem is more
The Australian Dollar barely reacted to the hawkish sets of RBA minutes. Instead, AUD/USD drifted lower in Asian trading, suggesting investors are no longer judging the Reserve Bank by what it says, but by what they believe it can realistically do. On paper, the minutes kept August very much alive. Policymakers reiterated that monetary policy
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The beat across all three PMI readings will offer some support to risk sentiment toward China-exposed assets, though the underlying composition, with strength concentrated in tech exports rather than broad-based demand, limits the read-through for sectors tied to domestic consumption. The PBOC’s instruction to commercial banks to boost lending signals authorities see enough softness in
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A pre-December BOJ rate hike would accelerate yen appreciation pressure and tighten the interest rate differential with the Federal Reserve and ECB at a time when those central banks are themselves navigating uncertain policy paths. Japanese government bond yields would face upward pressure across the curve if the market begins to price an earlier move,
