Powell noted significant progress on inflation in the US. There was an unexpected jump in US job openings in May. Eurozone inflation fell last month, but underlying price pressures remained high. The EUR/USD price analysis paints a bullish picture as the dollar remains fragile after Powell’s slightly dovish remarks. Meanwhile, the euro was strong, as...
Japan downgraded its Q1 GDP figures to show that the economy shrank more than reported. A rally in US Treasury yields weighed on the yen. Investors are awaiting Fed Chair Powell’s speech. The USD/JPY price analysis shows a strong uptrend as the yen continues its slide due to the interest rate differential between Japan and...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts