Hot inflation is likely to outweigh concerns over financial stability Market has substantially re-priced ECB policy rates lower EUR/USD has broken 1.07 resistance thanks to weakness in USD The European Central Bank is set to Read more…
Hot inflation is likely to outweigh concerns over financial stability Market has substantially re-priced ECB policy rates lower EUR/USD has broken 1.07 resistance thanks to weakness in USD The European Central Bank is set to Read more…
The US consumer price index rose 0.4% in February, slowing the annual rate to 6.0%, in line with economists’ expectations. The core price index, which excludes food and energy, rose 0.5% for the month (0.4% Read more…
Summary After slowing through most of 2022, there are signs that Swiss economic growth is in the process of bottoming out. Sentiment surveys improved at the start of this year, while the growth outlook for Read more…
Daily Pivots: (S1) 132.02; (P) 133.53; (R1) 134.76; More… USD/JPY’s recovery from 132.27 extends higher today and with break of 134.68 minor resistance, intraday bias is turned neutral first. Fall from 137.90 could still extend Read more…
US CPI slowed from 6.4% yoy to 6.0% yoy in February, matched expectations. That’s also the lowest reading since September 2021. Core CPI (all items less food and energy) slowed slightly from 5.6% yoy to Read more…
Following the sudden collapse of the Silicon Valley Bank (SVB) in the US, investors have become increasingly concerned about the health of the banking system as borrowing costs continue to rise. While they have dramatically Read more…
The British pound has reversed directions after an impressive rally that saw GBP/USD climb 370 points. In the European session, GBP/USD is trading at 1.2154, down 0.24%. US dollar recovers The collapse of the Silicon Read more…
When is the UK Budget? Chancellor Jeremy Hunt will unveil the Spring Budget on Wednesday 15th March, usually around 12:30pm. What to expect? This will be the first budget following former PM Luz Truss and Read more…
EUR/GBP falls after UK jobs data UK unemployment stays at 3,7% Pay excluding bonuses cools to 6.5% from 6.7% EURGBP falls for a 5th day EURGBP is falling for a fifth straight day as investors Read more…