Consumer inflation continues to gain momentum in the UK. Data for May showed that CPI accelerated to 9.1% y/y – a record among the G7 and a 40-year high. The monthly price growth rate was Read more…
Everything you need to know about the current economic and monetary policy environment, and what it all means for financial markets In this article, we discuss the current economic and monetary policy environment. What does Read more…
Stock futures slump as inflation woes mount; President Biden calls for Federal gas tax holiday; Fed Chair Jerome Powell faces Capitol Hill grilling on inflation; Boeing shares slide as CEO cautions on supply chain challenges Read more…
WTI oil fell sharply on Wednesday, losing around 5.6% in Asian and early European session, following push by US President Biden to bring down soaring fuel prices, which cause a huge problem to Americans as Read more…
ECB Vice-President Luis de Guindos said today “fragmentation is a significant worry.” The central bank is ” speeding up process to ready a tool against fragmentation,” but the governing council has “still not discussed the details Read more…
Bitcoin rallied from $20.5K to $21.6K during the day on Tuesday but later reversed to decline and went back on Wednesday morning. Ether corrected deeply, losing 4.4% over the last 24 hours. The top ten Read more…
EUR/USD In the early hours of today, the euro was gaining strength against the dollar, and after testing the key levels at around 1.0500 and subsequently bouncing off it, the single European currency continued to Read more…
NZDUSD resumed its slide on Wednesday, bringing the key 0.6335 – 0.6195 bottom area back under the spotlight after a four-day-long unsuccessful battle with the red Tenkan-sen line. The RSI and the MACD remain negatively Read more…
USDJPY is holding around the fresh 24-year high at 136.70, surpassing successfully the previous highs of 135.57 and endorsing the bullish view. The MACD is moving further above its red signal line, and the RSI Read more…
The Canadian dollar recoups losses as April’s retail sales beat market expectations. The price action is hovering above the origin of a mid-April rally around 0.7400. A bullish RSI divergence indicates a slowdown in the Read more…