For months, Merlin has been encouraging listeners to look at their long term investment accounts to get a greater understanding of how they are positioned in these uncertain times. On this show, several listeners seek further suggestions on just how to accomplish this. Merlin walks them through the steps to identify what the fees are with their long term investments and how to improve their personal financial situation.
Editors’ Picks
EUR/USD clings to gains above 1.0850 after US inflation data
EUR/USD trades in positive territory above 1.0850 in the American session on Friday. The US Dollar struggles to preserve its strength following the April PCE inflation data and helps the pair hold its ground heading into the weekend.
GBP/USD retreats from 1.2765, holds on to modest gains
GBP/USD posted a two-day high peat at 1.2765 in the American session, as US data showed that the core PCE inflation held steady at 2.8% on a yearly basis in April. The pair retreated afterwards as risk aversion triggered US Dollar demand.
USD/JPY is likely to remain underpinned by lack of options in Japan
USD/JPY is likely to remain underpinned as the Bank of Japan has few options for sustainably strengthening the Yen. Direct intervention is only a quick fix and needs support from higher interest rates to work sustainably. The pair is likely to be a Dollar-affair with any declines resulting more from USD weakness rather than JPY strength.
Editors’ Picks
EUR/USD clings to gains above 1.0850 after US inflation data
EUR/USD trades in positive territory above 1.0850 in the American session on Friday. The US Dollar struggles to preserve its strength following the April PCE inflation data and helps the pair hold its ground heading into the weekend.
GBP/USD retreats from 1.2765, holds on to modest gains
GBP/USD posted a two-day high peat at 1.2765 in the American session, as US data showed that the core PCE inflation held steady at 2.8% on a yearly basis in April. The pair retreated afterwards as risk aversion triggered US Dollar demand.
Gold falls towards $2,330 as the mood sours
US inflation-related data took its toll on financial markets. Wall Street turned south after the opening and without signs of easing price pressures in the world’s largest economy. The US Dollar takes the lead in a risk-averse environment.
Here’s why Chainlink price could crash 15% despite spike in social volume Premium
Chainlink price has flashed multiple sell signals after its recent climb, hinting at a short-term correction. This signal comes despite a double-digit growth in its social volume. LINK bulls need to exercise caution as this forecast is backed by on-chain metrics.
Week ahead – ECB rate cut might get eclipsed by BoC surprise and NFP report
ECB set to slash rates on Thursday, focus on forward guidance. But will the BoC take the lead when it meets on Wednesday? US jobs report eyed on Friday as Fed unyielding on cuts. OPEC+ might extend some output reductions into 2025.
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