Forex News

Source: Business Insider The Japanese yen is an “ideal” hedge against the risk of a recession in the United States, given its weak performance against the greenback, according to analysts of Goldman Sachs. EWJ is up 0.24%, while BBJP is up 0.23%. Analysts led by Karen Reichgott Fishman believe that the yen is the cheapest safe-haven asset by far, given its historically … [Read more...] about Goldman Sachs Analysts Believe Yen ‘Ideal’ Hedge Against US Recession

Source: European Central Bank European Central Bank President Christine Lagarde on Wednesday hinted at the scaling back of its bond-buying purchases in the third quarter and tightening of policy soon after. EZU is up 2.02%, while VGK is up 1.53%. Lagarde in a speech at an international conference in Slovenia, said the ECB will end purchases early in the third quarter.The … [Read more...] about ECB’s Lagarde Hints at Policy Tightening by July

Source: Bureau of Labor Statistics Inflation in the United States posted a deceleration in April, as energy prices grew at a slower pace during the month. QQQ is up 0.22%, while SPY is up 0.69%. Annual inflation clocked in at 8.3%, slower than the historic high of 8.5% recorded in the previous month.Energy prices continued to record the steepest increase with 30.3%, but … [Read more...] about US Inflation Cools to 8.3%

Source: Mortgage Bankers Association Average interest home loan rates in the United States climbed in the past week, hitting the highest level in over a decade. XHB is down 0.40%, while ITB is down 1.83% premarket. The average 30-year fixed-rate mortgage rate jumped to 5.53% in the week ending May 6, up from 5.36% the previous week.The latest increase brings the rate up … [Read more...] about US Home Loan Rates Climb to Fresh Decade-High

Source: Destatis German inflation continued to accelerate in April as energy prices surged, carving a fresh record high for the second straight month. EWG is up 0.32% premarket, while DAX is up 1.79%. Consumer prices posted an annual increase of 7.4%, marking another all-time high after March. Monthly inflation stood at 0.8%.Energy prices climbed by 35.5%, following the … [Read more...] about German Inflation Hits Record-High for Second Straight Month