S&P 500 Earnings Optimism: Can Raised Targets Survive Slower Summer Liquidity?
Higher Wall Street targets depend on earnings strength, AI spending and consumer resilience while rates and oil keep pressure on valuations.
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The post Japanese Yen: Approaching intervention zone against USD – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale analysts note USD/JPY grinding towards 160 as widening 2-year UST/JGB spreads dominate over Oil moves for the Japanese Yen (JPY). The pair trades within 1% of the late-April intervention level, with markets assuming a 25 bp Bank of Japan (BoJ) hike in June. They highlight key intraday support, resistance and sizeable option expiries. Spreads drive Yen weakness “Spot advances to new May high tracking oil, US yields. Support 158.70, resistance 160.70.” “In G10 FX, it is puzzling to observe USD/JPY grinding towards 160, tracking the re-widening in 2y UST/JGB spread to 270bp.” “The level in spreads is not insignificant technically and corresponds with the previous high of Nov-25. It also demonstrates that bond spreads hold greater sway at present over oil prices in the case of the Yen.” “Hawkish declarations by Governor Ueda earlier this week appear to h
Read full articleHigher Wall Street targets depend on earnings strength, AI spending and consumer resilience while rates and oil keep pressure on valuations.
The post Equities: Pullback as Oil and yields rebound – Danske Bank appeared on BitcoinEthereumNews.com. Danske Bank’s Danske Research Team notes that global equities paused and are set to open lower as Oil prices and yields move higher following renewed US-Iran tensions. They highlight profit-taking in momentum stocks after strong gains, with consumer sectors and heavily shorted names outperforming in what they describe as a catch-up move rather than data-driven rotation. Momentum unwinds, risk tone softer “US momentum stocks have rallied 5% in a week, and up almost 30% over the last month, so it makes sense to see days of profit-taking. In the absence of tech, consumer stocks led the market yesterday, across retail, staples, home builders etc.” “Equities took a breather yesterday and will decline further as markets open today. Instead of a peace deal, which investors are eagerly waiting for and pricing, the US carried out fresh strikes on Iran last night.” “Korean Kospi down 3% this
The post Euro hesitates above 0.8650 against the British Pound as Middle East tensions rise appeared on BitcoinEthereumNews.com. The Euro (EUR) is trading flat against the British Pound (GBP) on Thursday. EUR/GBP bulls are struggling to find acceptance above 0.8660 following a 0.4% rally over the previous two days, although downside attempts remain contained above 0.8655 so far. Speculative demand for the common currency is faltering on Thursday as market sentiment sours and Oil prices jump with tensions between the US and Iran escalating again. The US military launched fresh strikes on Iranian military sites in the province of Bandar Abbas that, according to the US Central Command (Centcom), “posed a threat around the Strait of Hormuz.” Iran’s Islamic Revolutionary Guard Corps (IRGC) affirmed that they targeted US bases in the Gulf region, and Kuwait authorities reported interceptions of hostile drone and missile attacks. ECB-BoE monetary policy divergence The Euro, however, remains f
The post EUR/JPY Price Forecast: Loses momentum to near 185.00, but bias stays bullish appeared on BitcoinEthereumNews.com. The EUR/JPY cross loses momentum to near 185.10 during the early European session on Thursday. Escalations in the US-Iran conflict boost the safe-haven currency, such as the Japanese Yen (JPY) and act as a headwind for the cross. CNN reported on Thursday that Iran’s Islamic Revolutionary Guard Corps (IRGC) launched an attack targeting an American air base, which they said was the source of US strikes on Iranian targets hours before. The US strikes targeted Iranian drones and a launch site near the Strait of Hormuz. Traders will keep an eye on the Tokyo May Consumer Price Index (CPI) inflation report, which is due later on Friday. In case of a softer-than-expected Tokyo CPI print, this could drag the Japanese Yen lower against the Euro (EUR) in the near term. Technical Analysis: In the daily chart, EUR/JPY holds a mild bullish bias as it trades above the 100-day
Geopolitical tensions heighten market volatility, impacting global supply chains and inflation, while crypto markets show mixed resilience. The post Stocks drop and oil spikes as renewed Middle East attacks rattle markets appeared first on Crypto Briefing.
The Iran conflict complicates Japan's monetary policy, impacting inflation forecasts and creating uncertainty for global financial markets. The post Bank of Japan rate hike timeline clouded by Iran conflict, says Nomura analyst appeared first on Crypto Briefing.
Jefferson's focus on AI, energy, and trade highlights the Fed's strategic pivot towards managing complex global economic challenges. The post Federal Reserve Vice Chair Jefferson talks inflation, AI, and trade disruptions at Bank of Japan conference appeared first on Crypto Briefing.
Stalled US-Iran talks heighten market volatility, intertwining oil and crypto dynamics, and spotlighting geopolitical risk in trading strategies. The post Oil steadies near $89 as US-Iran negotiations stall, rattling crypto and energy markets alike appeared first on Crypto Briefing.