Check back for updates throughout the trading day U.S. equity futures extended declines Thursday, while the dollar tested a fresh five-month high against its global peers, as markets remain rattled by yesterday’s hotter-than-expected inflation report Read more…
USDJPY is consolidating near new multi-decade high above 153 mark, after surging around 1% on stronger than expected US inflation data. Eventual break above narrow two-week range generates initial signal of bullish continuation of the Read more…
This morning the USD/JPY rate is around 153.20 yen per US dollar, which was facilitated by a sharp strengthening of the dollar against the backdrop of news about inflation in the United States. Thus, the Read more…
The EUR/USD pair has experienced a significant decline, stabilising around 1.0745 by Thursday. This movement follows the US releasing inflation data that exceeded expectations, underscoring the ongoing battle against inflation. The March consumer price index Read more…
In a significant turn of events, the GBP/USD pair, often referred to as ‘Cable’, reversed sharply to the downside in the last 24 hours. This movement was characterized by the price decisively breaking through the Read more…
AUDUSD drops 1.7% on hotter-than-expected US CPI data Violates both 50- and 200-day SMAs before finding its feet Momentum indicators deteriorate drastically AUDUSD had been in a steady advance since the beginning of April, posting a fresh Read more…
WTI oil futures step on 84.69 once again, hold near recent highs Technical indicators show some weakness, but trend signals are positive WTI oil futures kept their footing on the 61.8% Fibonacci retracement of the Read more…
In an opinion piece in FT, BoE MPC member Megan Greene explicitly urges market participants to “stop comparing” the monetary policies of the UK and US. Greene’s commentary comes in the wake of the US Read more…
The Euro remains firmly in red and holding near last week’s low at 1.0725, following a sharp fall on Wednesday (the pair was down 1%). Higher than expected US inflation in March, cooled market expectations Read more…
Markets Above-consensus CPI, driven by low 2023 base effects and far more important by (very) strong current price dynamics, sent shockwaves through the bond market yesterday. Ongoing economic resilience and a more than healthy labour Read more…