DOW posted its biggest daily decline in nearly a year overnight, rattled by the latest US inflation figures that unexpectedly showcased a slowdown in disinflation. This development has cast serious doubts over Fed’s ability to Read more…
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ECB Chief Economist Philip Lane, in a discussion with Spanish RTVE, described the disinflation progress as “very good.” He added that “the next move is to cut interesting rate”. Nevertheless, the timing of such rate Read more…
US inflation report hits gold Fewer Fed rate cuts priced into markets A loss of major technical support US inflation data finally took its toll on gold which, after holding strong above $2,000 this year, Read more…
Risk linked currencies lose correlation to S&P 500 Dollar outperforms all as Fed implied rate path rises BoC abandons tightening bias, but RBA and RBNZ stay hawkish China impacts aussie and kiwi, loonie linked to Read more…
President Joe Biden. China’s Xi Jinping. These are just two of the names you might think of when it comes to the world’s most powerful people. But Eurasia Group President and founder Ian Bremmer doesn’t Read more…
The higher-than-expected inflation data for January has reignited concerns about rising prices and its implications for Federal Reserve policy. While investors had anticipated rate cuts in the near term, the hot inflation print may delay Read more…
FTSE 100 index falling strongly Likely to fall to support level 7440.00 FTSE 100 index falling strongly after the price failed to break above the major resistance level 7700.00 (which has been repeatedly reversing the Read more…
Gold under bearish pressure Likely to fall to support level 1975.00 Gold under the bearish pressure after the price broke the key support level 2005.00 (former monthly low from January), intersecting with the 50% Fibonacci Read more…
Oil went on the offensive last week, once again confirming the importance of support at the 200-week moving average. Both robust US economic data and OPEC+ intentions to keep production under control fuelled the rally. Read more…