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USD/JPY Price Outlook: Holds steady but dips beneath 50-day SMA

USD/JPY Price Outlook: Holds steady but dips beneath 50-day SMA

USD/JPY Overview USD/JPY has seen consecutive declines. Traders are cautious due to political pressures affecting governance. The price is fluctuating between the 20-day and 50-day simple moving averages (SMA). The upcoming Jackson Hole speech might be a pivotal moment. Strong results could push USD/JPY above 148.00, but a drop below 147.00 is also possible. USD/JPY […]

DHS Holds Newsom Responsible After Illegal Immigrant is Charged with Killing Three Americans

DHS Holds Newsom Responsible After Illegal Immigrant is Charged with Killing Three Americans

DHS Comments on Sanctuary Policies After Fatal Crash Involving Undocumented Driver A Department of Homeland Security official has criticized California Governor Gavin Newsom for his ongoing support of sanctuary policies. This follows an incident involving an undocumented immigrant, who received a driver’s license in California, and was accused of causing the deaths of three Americans […]

Australian Dollar holds its ground after Chinese economic reports.

Australian Dollar holds its ground after Chinese economic reports.

The Australian dollar is bouncing back, even with lackluster economic data from China. Retail sales in China saw a 3.7% increase year-on-year in July, which is below the forecasts of 4.6% and 4.8% from June. After a nearly 0.5% gain in the previous session, the US dollar is experiencing a slight decline. The Australian dollar […]

Zelensky holds talks with Starmer as Europe prepares for Trump-Putin meeting

Zelensky holds talks with Starmer as Europe prepares for Trump-Putin meeting

Zelensky Meets with UK Prime Minister Ahead of US-Russia Summit On Thursday, British Prime Minister Kiel Starmer welcomed Ukrainian President Volodymyr Zelensky to London, just one day before a significant US-Russia summit in Alaska. Zelensky’s visit came right after a virtual meeting with President Donald Trump from Berlin, where he and several European leaders received […]

Japanese Yen holds on to strength as BoJ takes a hawkish stance

Japanese Yen holds on to strength as BoJ takes a hawkish stance

Japanese Yen Strengthens Against USD for Third Consecutive Day The Japanese Yen continues to gain strength against the US dollar on Thursday, marking the third straight day of appreciation. Expectations surrounding the Bank of Japan’s (BOJ) policies are influencing the Yen’s downward trajectory against the USD. Despite a risk-on sentiment in the markets, the safe-haven […]

Trump’s ICE Holds Unprecedented Number of Unauthorized Immigrants

Trump's ICE Holds Unprecedented Number of Unauthorized Immigrants

According to data from ICE, representatives of President Donald Trump have detained a record number of 60,000 undocumented immigrants. This surge reflects the administration’s robust push for comprehensive deportations across various agencies and departments. In contrast, back in January, there were only 39,000 individuals in custody, primarily those who had recently crossed the border. Fast […]

Trump holds the advantage as Russia under Putin is crumbling.

Trump holds the advantage as Russia under Putin is crumbling.

Trump’s Upcoming Meeting with Putin on Ukraine President Trump is set to hold talks with Vladimir Putin of Russia this Friday, focusing on the ongoing war in Ukraine and potential routes toward resolving the conflict. Originally, Trump intended to impose significant secondary sanctions on August 8, but now he seems to be hoping for some […]