Sterling weakened sharply overnight as risk appetite deteriorated on growing fears of military escalation in the Middle East. US President Donald Trump raised the stakes with Iran, issuing a public ultimatum to Supreme Leader Khamenei Read more…
UK headline CPI eased from 3.5% yoy to yoy in May, slightly above expectations of 3.3% yoy. Core CPI (excluding energy, food, alcohol and tobacco) also slowed from 3.8% to 3.5%, in line with forecasts. Read more…
In focus today The main event will be in the US with the FOMC meeting this evening. We expect no changes to the policy rate in line with consensus and market pricing. FOMC participants will Read more…
US stocks sold off, oil and natural gas rallied, and the US dollar gained as US Treasuries and gold attracted safe-haven flows. Mounting tensions between Israel and Iran, alongside Donald Trump’s early departure from the Read more…
Fed is all but certain to keep its target rate unchanged at 4.25–4.50% today, with fed fund futures assigning a near-unanimous 99.9% probability to that outcome. Similarly, the likelihood of any move in July is Read more…
Japan’s trade data for May revealed growing pressure on its export sector, with headline exports falling -1.7% yoy to JPY 8.135T. Imports dropped -7.7% yoy to JPY 8.773T. The resulting trade deficit stood at JPY Read more…
Key Highlights USD/CAD remained in a bearish zone and dropped below 1.3700. A key bearish trend line is forming with resistance at 1.3635 on the 4-hour chart. EUR/USD is now consolidating gains above the 1.1450 Read more…
Gold prices continue to struggle this week with the precious metal unable to hold convincingly above the $3400/oz handle. This is no doubt a surprise given the tensions in the Middle East as well as Read more…
GBPUSD: ⬇️ Sell GBPUSD reversed from the resistance level 1.3615 Likely to fall to support level at 1.3400 GBPUSD currency pair recently reversed down from the key resistance level 1.3615 (which has been reversing the Read more…
GBPJPY: ⬇️ Sell GBPJPY reversed from the resistance area Likely to fall to support level 193.65 GBPJPY currency pair recently reversed down from the resistance area between the pivotal resistance level 196.00 (which has been Read more…