Gold extends winning streak ahead of FOMC minutes
Gold price (XAU/USD) extends its winning spell to a fifth day on Wednesday amid the Red Sea crisis.
Source: fxstreet.com
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Opinion | Japan's split-screen economy: roaring stocks and shrinking GDP
The Japanese economy is a study in contrasts, with a roaring stock market and record corporate profits set against stagnant wages and shrinking GDP. Decades of prioritising a weak yen over structural reform have deadened Japan’s animal spirits and hurt its attractiveness as an investment destination.
Source: scmp.com
Gold holds onto gains as Fed sees inflation progressively declining towards 2%
Gold price (XAU/USD) continues its winning spell for the third session in a row on Monday despite waning expectations of rate cuts by the Federal Reserve (Fed) before the June monetary policy meeting.
Source: fxstreet.com
Bitcoin Reaches New Highs Against Yen as Economic Weakness Causes Weak Yen
On February 5, Bitcoin hit a record high of 7.9 million yen on the Tokyo-based bitFLYER exchange, while its dollar price hovered around $52,000, significantly below its November 2021 peak.
Source: yahoo.com
US Dollar ready for this week's decision point with PPI ahead
The US Dollar (USD) is set to close off the week in the green with market digesting both the Producer Price Index (PPI) performance and the University of Michigan print. The PPI print was a beat on estimates on all fronts and even beat the
Source: fxstreet.com