Eurozone industrial production fell -1.1% mom in September, worse than expectation of -0.9% mom. Production of durable consumer goods and non-durable consumer goods fell both by -2.1%, energy by -1.3% and intermediate goods by -0.3%, Read more…
UK inflation fell sharply in October and faster than the Bank of England anticipated, further reducing the prospect of any more rate hikes in this tightening cycle. It was already likely that the BoE was Read more…
Australian wage growth hits record high US inflation slips to 3.2% Australian job growth expected to rise The Australian dollar is unchanged on Wednesday, after massive gains a day earlier. In the European session, AUD/USD Read more…
EURUSD edged lower in European trading on Wednesday as traders collected some profits after Tuesday’s 1.7% advance (the biggest one-day gain in one year), sparked by bigger than expected drop in US inflation in October, Read more…
U.S. equity futures extended gains Wednesday, following on from the strongest rally on Wall Street in nearly seven months, as investors bet that slowing inflation pressures will mark the end of Federal Reserve rate hikes Read more…
EURUSD adds 200 pips and tries to reach 1.0900 Trades well above moving average lines RSI suggests negative correction EURUSD skyrocketed yesterday after the US CPI release and added almost 200 pips, recording a new Read more…
The US 500 index breaks downtrend after amazing rally Short-term bias bullish, but overbought conditions evident The US 500 stock index (cash) enjoyed its fastest daily rally (+2%) in a year on Tuesday, successfully scraping Read more…
Market picture The burst of optimism in traditional markets bypassed cryptocurrencies on Tuesday. It seems that some investors shifted some of their assets from coins to shares, reducing the total capitalisation of cryptocurrencies by 1.7% Read more…
Gold (XAU) gained 0.87% on Tuesday as the U.S. dollar started to weaken after the U.S. inflation data demonstrated a slowdown, reinforcing beliefs that the U.S. interest rate might have already peaked. Possible effects for Read more…
Yesterday, GBPUSD rose by 1.79% after lower-than-expected U.S. Consumer Price Index (CPI) figures. Possible effects for traders On Tuesday, the GBPUSD pair strengthened following the mixed employment data from the U.K. and the U.S. CPI Read more…