Goldman Sachs updates USD/TRY outlook. Here are the new targets

Allies of James Cleverly believe his “likability factor” will now hand him a serious chance of reaching the final runoff to replace Rishi Sunak as Tory leader, as MPs prepare to eliminate another candidate from the contest this week. The next vote of MPs will take place on Tuesday to whittle the field down to…

USD/JPY Daily Outlook: Fed Speakers, Housing Data on Radar Later in the session, US new home sales data will draw interest. Economists expect new home sales to drop 4.7% month-on-month in April after surging 7.4% in March. A sharp drop in new home sales could signal weakening economic momentum. Home buyers typically delay home purchases……

Oil futures opened for the week in what will surely be the most-closely followed market today and for the next few weeks. WTI crude jumped 11% to $74.57 ($75.33 was the high print). Brent is trading up about 8% after briefly touching $82.37. It’s taken only seconds for some selling to kick in. The war…