Japan Merchandise Trade Balance Total above expectations (¥-29.7B) in April: Actual (¥301.9B)

FXStreet Team FXStreet

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD eyes 0.7000 on softer USD, ahead of Chinese data

AUD/USD consolidates below 0.7000 in Wednesday’s Asian session, ahead of China's inflation and trade balance data. However, focus will be on the US consumer inflation figures, which will drive the US Dollar and provide a fresh impetus. Meanwhile, the recent pullback in US bond yields keeps the USD below an 18-month low, though hawkish Fed and geopolitical risks limit losses, capping the currency pair.

USD/JPY consolidates below 158.50; looks to US CPI for fresh impetus

USD/JPY steadies below mid-158.00s during the Asian session on Wednesday, with looming intervention risks supporting the Japanese Yen and capping the upside amid a softer US Dollar. However, geopolitical uncertainties act as a tailwind for the safe-haven USD and the currency pair. Traders also seem hesitant ahead of the release of the latest US consumer inflation figures.

Gold holds steady above $4,150 as traders await US CPI report

Gold is seen oscillating in a narrow band above $4,150 during the Asian session on Wednesday, awaiting US consumer inflation figures for more cues about the Fed's policy path. Meanwhile, expectations of at least one more Fed rate hike this year cap the non-yielding bullion. However, a softer US Dollar, weighed down by the recent pullback in US bond yields, helps limit the downside for the commodity.

Strategy bitcoin buying model faces scrutiny as STRC costs climb

Strategy’s (MSTR) STRC financing strategy increased its Bitcoin (BTC) holdings in H1, but made its capital structure more expensive, prompting an examination of its effectiveness, according to a Tuesday report by K33. STRC recovered close to its $100 par value, closing at $99.90 after an extended period of heavy buybacks.

What happens after a US Treasury market crash

The global bond market is under severe pressure as US Treasury yields reach multi-decade highs, driven by persistent inflation risk, heavy government and corporate debt issuance, and expanding term premiums. Higher yields raise borrowing costs and tighten financial conditions, but a severe bond selloff can ultimately shift investor focus from inflation to growth and financial stability.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?