Goods-based inflationary pressures in the US may resurface in H2 2024 due to leading bullish momentum built-up in commodities. Persistent low correlation readings among S&P 500 constituents may trigger a spike in the VIX. The Read more…
Gold drops to its lowest since mid-December Breaks beneath the crucial 2,000 mark Oscillators point to extreme oversold conditions Gold experienced a massive downward spike in the four-hour chart following the hotter-than-expected US CPI report Read more…
UK inflation unchanged in January Markets expect BoE rate cut in Q2 GBPJPY pares gains after hitting 8.5 year high UK inflation data this morning will have been a welcome surprise for the Bank of Read more…
Market picture Negative momentum in equities after the US inflation report triggered a quick correction but only attracted new buyers who saw it as an opportunity to buy cheaper. In 24 hours, the crypto market Read more…
ECB Vice President Luis de Guindos acknowledged in a speech that inflation is moving “on the right track” towards target. But he also pointed out several factors that could derail progress. De Guindos highlighted “wage Read more…
Check back for updates throughout the trading day U.S. equity futures bounced higher Wednesday, following on from the worst day on Wall Street in nearly a year, as investors look to recalibrate Federal Reserve rate Read more…
The Las Vegas Strip might be known for featuring headliner residencies in various hotel casino theaters, but for major performers coming through the city for just a day or two, T-Mobile Arena is the top Read more…
Eurozone industrial production rose 2.6% mom in December, much better than expectation of -0.3% mom decline. Production grew by 20.5% for capital goods, by 0.5% for durable consumer goods, by 0.3% for energy and by Read more…
Yen down more than 6% against US dollar this year already Traders less confident Japan will raise rates, as inflation slows For the yen to recover, global economy needs to weaken Yen feels the blues Read more…
EURGBP pivots higher at the bottom of a range Technical signals not bullish yet Eyes on the 0.8540 resistance zone EURGBP switched to recovery mode after almost reaching August’s one-year low of 0.8491 and the Read more…