In an FT interview, San Francisco Fed President Mary Daly said , “there’s good news on the month-to-month data that consumers and business are getting some relief, but inflation remains far too high and not Read more…
Bitcoin has added 7.4% to $24.6K in the last 24 hours. It’s not the magnitude of the move that draws attention but rather the ability to rewrite previous local highs. Ethereum has gained 13% to Read more…
WTI oil futures (August delivery) have been gently crawling up over the past week following the close below the 200-day simple moving average (SMA) and the drop to a six-month low of $87.00/barrel. The price Read more…
EUR/USD The slightly better-than-expected U.S. CPI data helped the bulls prevail and the European common currency rallied against the U.S. dollar. The pair tested the resistance zone at 1.0356, and during the early hours of Read more…
WTI crude struggles as US output hits its highest level since April 2020. The price has been falling along the 20-day moving average, putting it at the risk of a bearish reversal. Short-term price action Read more…
The Australian dollar surged as the US counterpart’s weakness drove traders into riskier assets. After a brief pullback the pair bounced off the demand zone around 0.6870 right over the bullish MA cross on the Read more…
The US dollar tumbled after a slowdown in core inflation in July. A bullish MA cross on the daily chart suggests an improvement in sentiment but the pound needs to consolidate its gains so a Read more…
US consumer prices eased in July, and they eased more than expected. The CPI data printed 8.5% on Wednesday, versus 8.7% expected by analysts and 9.1% printed a month earlier. The slower-than-expected inflation figure revived Read more…
Market movers today Markets will continue digesting yesterday’s US CPI figures, which will be followed by July PPI this afternoon. Consensus is looking for moderating producer price growth in line with the CPI. Money market Read more…
Tensions are running high with rising fears over a Chinese invasion of Taiwan in the not too distant future. In this paper we look closer at the risk of a war. While risks are rising Read more…