Page 40 - Daniel Mccarthy News Today

Notable quotables from Ben Shapiro, Dennis Prager, Barack Obama, and more.

The Euro appears comfortable in a trend against the US Dollar for now but might be scoping a reversal against the Japanese Yen. If the EUR/USD trend is intact, will EUR/JPY stall?

Democrats insist that President Joe Biden, who turns 81 this year, isn't too old for a second term.

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The crude oil price maintained the gains on a sliding US Dollar overnight after several Fed speakers expressed their differing views. If China continues to struggle, will WTI hold up?

The Australian Dollar slipped after China’s industrial production and retail sales data missed estimates and has the market reassessing the state of the world’s second-largest economy.

The US Dollar made strong headway to round out last week with Treasury yields moving north but the debt ceiling lingers as a potential driver of market sentiment. Will the USD rally continue?

The Japanese Yen slipped again on Monday as the US Dollar ascendency continued despite the uncertainty surrounding the US debt ceiling issue. If a solution remains elusive, will it lift USD/JPY?

The Australian Dollar collapsed to end last week with the US Dollar finding favour with increasing bets that the Fed will be cutting the target rate later this year.

Crude oil prices consolidated into Friday as the US Dollar pauses post a data induced rally that the market interpreting as further evidence of the Fed being less hawkish.