USD/JPY reaching towards intervention [Video]

Dale J Pinkert Independent Analyst

TradeGateHub Live Trading | USDJPY continues moving closer to potential intervention levels as the Dollar rally remains firmly in play. Coach recommends buying dips in the Dollar while continuing to sell rallies in both the Euro and Cable. Dale also updates his targets for interest rates, with a specific focus on the 10-Year yield, while Coach provides fresh insights on the grains and soft commodities markets.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

GBP/USD drops to 1.3500 after mixed UK data

EUR/USD holds near 1.1450 after US data

Gold drops below $4,000 as Middle East tensions feed into inflation fears

Crypto Today: Bitcoin, Ethereum, XRP run into resistance as retail buying cools

Cryptocurrencies are broadly consolidating on Thursday, while Bitcoin (BTC) retreats toward support at $64,000. Ethereum (ETH) hovers below $1,800, with its upside seemingly limited, following a macro-driven rally. Meanwhile, Ripple (XRP) sits on top of the reclaimed $1.10 support, reflecting the broader cool-down in the market.

A win for England: First half growth on positive track, keeps pound buoyant

The pound is edging lower on Thursday, after Wednesday’s stunning rally on the back of reports that current home secretary Shabana Mahmood is set to become Chancellor next week. This is easing fears that the hard left of the Labour party will have control at the Treasury. GBP/USD is higher by nearly 1% this week, although it is pulling back from the $1.3550 level this morning.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.