St. Louis Fed President James Bullard reiterated he would like interest rate to be raised from current 2.25-2.50% to 3.75-4.00% by the end of the year. He added that “front-loading” these rate hikes could “show you are serious about inflation fighting.” “A baseline would probably be that inflation will be more persistent than many on […]
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Markets The oil price (Brent) hovered around the $90/mark yesterday following Monday’s wild swings. Talk that the US navy escorted an oil tanker through the Strait of Hormuz was later denied by the White House. Read more…
Key takeaways Bullish technical breakout: The AUD/USD has finally broken above the 0.7140 major resistance—a level tested multiple times since 2022—reaching a 52-week high near 0.7185, signalling the start of a fresh bullish impulsive uptrend. Read more…
Oil prices reversed their Asian session gains again yesterday, pulling US crude all the way down to the $76pb mark as the International Energy Agency (IEA) announced that it could release a record amount of Read more…