Sterling emerged as the star performer in today’s market, largely driven by surprising inflation data from the UK. CPI inflation in December showed an unexpected acceleration, with core CPI remaining at elevated level. This development Read more…
Updated at 9:42 AM EST U.S. retail sales powered firmly higher in December as consumers shrugged off faster inflation and accelerated their holiday spending into the end of the year. The reading from the Commerce Read more…
US retail sales rose 0.6% mom to USD 709.9B in December, above expectation of 0.4% mom. Ex-auto sales rose 0.4% mom to USD 573.4B, above expectation of 0.2% mom. Ex-gasoline sales rose 0.7% mom to Read more…
Updated at 8:52 AM EST Tesla (TSLA) – Get Free Report shares moved lower again Wednesday, extending their January decline to around $90 billion, after the electric-vehicle producer unveiled its second round of price cuts in Read more…
Check back for updates throughout the trading day U.S. equity futures moved lower again Wednesday, potentially extending Wall Street’s slide into a third consecutive session, as central bank officials continue to push back on market Read more…
Cable jumped around 0.4% in European trading on Wednesday, lifted by above forecast UK December inflation data, which soured the sentiment about rate cut, pushing percentage of bets for rate cut by May significantly lower. Read more…
UK inflation rises unexpectedly GBP/USD climbs higher The British pound has edged higher after UK inflation rose unexpectedly in December. In the European session, GBP/USD is trading at 1.2694, up 0.47%. UK inflation rises to Read more…
Market picture The crypto market has been going around in circles since 13 January, staying near levels 24 hours ago, although Bitcoin’s intraday range exceeded 3.5%. Reaching the highs of the recent trading range triggered Read more…
Gold price is correcting gains below the $2,040 support. Crude oil prices declined steadily below the $72.90 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price Read more…
Eurozone CPI was finalized at 2.9% yoy in December, up from November’s 2.4% yoy. CPI core (ex-energy, food, alcohol & tobacco) was finalized at 3.4% yoy, down from prior month’s 3.6% yoy. The highest contribution Read more…