BoE MPC member Catherine Mann said yesterday, “we already have very rapid increase in oil prices… In the U.K., that it becomes embedded by virtue of the institution mechanism of the price cap” on domestic Read more…
BoE MPC member Michael Saunders said yesterday, “the economy is in significant excess demand, and inflation expectations are not as well anchored as I would like.” “My preference is to move quite quickly towards a Read more…
DXY: On the H4 timeframe, prices are at pivot and in line with a recent swing high. We see the potential for a dip from our 1st resistance at 97.434 in line with 100% Fibonacci Read more…
Key Highlights Russia-Ukraine tension pushed oil price above $100. It broke a major bearish trend line at $90.00 on the monthly chart. EUR/USD is struggling to stay above the 1.1120 support. The US ADP Employment Read more…
Despite the geopolitical mess across the Ukrainian borders and growing fears about its global economic impact, the Bank of Canada (BoC) is expected to hike its benchmark interest rate on Wednesday at 15:00 GMT. Local Read more…
Output +3.4%, meeting expectations. Conditions rebound strongly from delta lockdowns, led by the consumer, +6.3%, as people adapt to the challenges of the pandemic. The Australian economy expanded by 3.4% in Q4, on the reopening Read more…
Hopes that growth in Australia would rebound in Q1 were easily met, with GDP rising 3.4% q/q compared to 3.0% expected. The Australian economy grew 3.4% q/q in seasonally adjusted terms in q4, according to Read more…
The ongoing military clash in Ukraine may soon drive EUR/USD to its lowest levels in more than 20 months The escalating conflict in Ukraine has had a predictable impact on the world’s most widely-traded currency Read more…
Gold prices spiked to a new yearly high price in the previous week, but ended the full session in red territory breaking the winning streak it had performed in February. We must note that Gold’s Read more…
The US dollar has been trading entirely as a safe haven asset since Putin rolled into Ukraine, but traders could turn their attention back to economics this week. The Fed Chairman will testify before Congress Read more…