Zak Mir, Technical Analyst for Zak's Traders Cafe, was alongside Tim Price, Partner and Director for PFP Wealth Management, when he opened the Tip TV Finance Show to discuss the latest macroeconomic news and headlines including focus on the Japanese economy and UK banks.

Topics Covered: Japan, BoJ, UK, Banks, USD/JPY, TCG, IGG, RGU, US.

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RBA keeps interest rate steady at 4.35%, as expected

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The Reserve Bank of Australia board members decided to keep the Official Cash Rate unchanged at 4.35% after its May monetary policy meeting on Tuesday. The policy announcement was widely expected by the markets. The RBA extended its pause for the fourth meeting in a row.

AUD/USD News

USD/JPY extends recovery above 154.00, focus on Fedspeak

USD/JPY extends recovery above 154.00, focus on Fedspeak

The USD/JPY pair trades on a stronger note around 154.10 on Tuesday during the Asian trading hours. The recovery of the pair is supported by the modest rebound of US Dollar to 105.10 after bouncing off three-week lows. 

USD/JPY News

Gold price extends its upside as markets react to downbeat jobs data

Gold price extends its upside as markets react to downbeat jobs data

Gold price extends its recovery on Tuesday. The uptick of the yellow metal is bolstered by the weaker US dollar after recent US Nonfarm Payrolls (NFP) data boosted bets that the Federal Reserve would cut interest rates later this year.

Gold News

Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global

Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global

Following Bitcoin miner Marathon Digital's inclusion as an upcoming member of the S&P SmallCap 600, the company's stock received an 18% boost, accompanied by an $800 million rise in market cap.

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The impact of economic indicators and global dynamics on the US Dollar

The impact of economic indicators and global dynamics on the US Dollar

Recent labor market data suggest a cooling economy. The disappointing job creation and rising unemployment hint at a slackening demand for labor, which, coupled with subdued wage growth, could signal a slower economic trajectory. 

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