Markets Yesterday’s US CPI caused investors to take a step backward and assess the standing uptrend in US/global yields. Both the headline CPI (1.2% M/M and 8.5% Y/Y) and core (0.3% M/M and 6.5% Y/Y) Read more…
St Louis Fed President James Bullard said in an FT interview, there’s “a bit of a fantasy” in current policy in centrals banks to think thank inflation could be brought down by moving interest rate Read more…
UK CPI rose 1.1% mom in March, above expectation of 0.7% mom. For the 12-month period, CPI accelerated from 6.2% yoy to 7.0% yoy, above expectation of 6.7% yoy. That’s the highest rate in the Read more…
The FTSE 100 struggles as UK consumer confidence wanes amid geopolitical uncertainty. The index has met stiff selling pressure near the recent peak (7690). A combination of profit-taking and fresh selling weighs on price action. Read more…
Gold rallied after US inflation in March came out less than market participants had expected. The metal’s medium-term uptrend is still intact as long as the price is above the major support at 1895. The Read more…
The New Zealand dollar bounced back after the RBNZ raised its interest rates by 50bp. The pair came under pressure after hitting resistance near the psychological level of 0.7000. The kiwi then saw bids at Read more…
US equity investors jumped on an emotional roller-coaster following the release of the inflation data in the US yesterday. The data came in at 8.5% for March, in line with expectations. This was the highest Read more…
Market movers today Today Bank of Canada is set to hike policy rates for the second time in the cycle and announce a passive roll-off of its balance sheet likely beginning in May. Consensus and Read more…
Daily Pivots: (S1) 1.0797; (P) 1.0850 (R1) 1.0880; More… Intraday bias in EUR/USD stays neutral with focus on 1.0805 low. Decisive break there will resume larger down trend to 61.8% projection of 1.1494 to 1.0805 Read more…
Daily Pivots: (S1) 1.2979; (P) 1.3017; (R1) 1.3039; More… Intraday bias in GBP/USD remains neutral for some consolidations, but outlook stays bearish as long as 1.3165 resistance holds. Break of 1.2981 will resume larger down Read more…