Inflation in the UK exceeded forecasts, making traders and investors cautious about the prospects for policy easing in the coming months. Consumer prices rose by 0.3% m/m vs. 0.2% expected. Annual inflation slowed to 2.3% Read more…
Updated at 9:43 AM EDT Tesla shares moved lower in early Wednesday trading and remain deeply in the red for the year, as investors looked to new data suggesting that the electric-car maker’s challenges extend Read more…
The British pound edged higher earlier today but has pared most of those gains. GBP/USD is trading at 1.2703, up 0.06% early in the North American session. UK inflation declines less than expected UK inflation Read more…
Daily Pivots: (S1) 155.75; (P) 156.03; (R1) 156.56; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 Read more…
Daily Pivots: (S1) 0.9092; (P) 0.9104; (R1) 0.9122; More…. USD/CHF’s rebound from 0.8987 extends higher today, and intraday bias stays on the upside. Further rally would be seen to 0.9223 resistance. On the downside, below Read more…
Daily Pivots: (S1) 1.0840; (P) 1.0857; (R1) 1.0872; More… EUR/USD dips notably today but stays above 1.0810 resistance turned support. Intraday bias remains neutral and further rally is still in favor. On the upside, break Read more…
On the back of continued strong inflationary pressures in the service sector, as evident in the April inflation print, we revise our BoE call. We now expect the first 25bp cut in August (prev. June). Read more…
Daily Pivots: (S1) 1.2689; (P) 1.2708; (R1) 1.2729; More… Intraday bias in GBP/USD remains on the upside for 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. Firm break there will target 1.2892 resistance Read more…
Sterling climbed broadly today after data showed that UK disinflation progress was slower than anticipated, with services inflation remaining persistently high. This development dashed hopes for an imminent rate cut by BoE, causing the odds Read more…
Explains what the Code Smell ‘Primitive Obsession’ is, the damage it can cause to your codebase, how to spot it and – how to fix it! Read more