Americans, especially those in lower-income brackets, are seeing their budgets stretched by the gas affordability crisis, but analysts at Bank of America say the increase in gas prices hasn’t yet reached the highs seen during Read more…
Monetary Policy Summary, April 2026 At its meeting ending on 29 April 2026, the Monetary Policy Committee (MPC) voted by a majority of 8–1 to maintain Bank Rate at 3.75%. One member voted to increase Read more…
Key takeaways Verbal intervention triggered a sharp reversal: USD/JPY hit 160.73 before a “final warning” from Japan’s FX official sparked a 0.9% drop, with the yen posting its strongest daily gain since mid-March. Key technical Read more…
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Eurozone inflation accelerated in April, with headline CPI rising from 2.6% yoy to 3.0% yoy, matching expectations and marking the highest level since 2023. In contrast, core inflation—which excludes energy, food, alcohol, and tobacco—eased slightly Read more…
Eurozone economic growth softened in the first quarter, with GDP rising 0.1% qoq, down from 0.2% in Q4 and below expectations of 0.2%. On an annual basis, growth came in at 0.8% yoy, reflecting a Read more…
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Gold is trading at around 4,550 USD per ounce on Thursday, remaining close to its monthly lows. Pressure on the metal continues to build as rising energy prices fuel inflation expectations and increase the likelihood Read more…
Japan’s verbal intervention proved effective once again, with USD/JPY quickly retreating below the 160 level after briefly spiking to 160.71, its highest since mid-2024. The sharp pullback highlights how sensitive markets remain to official rhetoric Read more…
Key takeaways Yen weakness persists despite intervention risks: USD/JPY surged to a 21-month high above 160.45, brushing off verbal intervention warnings as bullish momentum remains firmly intact. Macro drivers favour further upside: Rising oil prices Read more…