Ueda Hints at Potential Policy ShiftIn the first clear sign that the BOJ is contemplating a shift in policy, BOJ’s Ueda told markets yesterday that the bank sees good reason for a shift in policy into...
Silver Sitting on Support Ahead of US GDP
Hawkish Fed Expectations Weighing on MetalsSilver prices are sitting atop support at the 22.3205 level ahead of the final USD GDP number later today. The metal has come back under heavy selling...
US Data Strength Pushes Back Against Recession Fears
Better US Data Bolsters SentimentUS stocks turned higher yesterday in response to the latest set of economic data out of the US. New home sales were seeing rising at their fastest pace in over a year...
Crude Prices Rallying Ahead of EIA Release
EIA Up NextCrude oil prices are trading a little firmer today ahead of the latest update from the EIA due later today. On the back of the 3.1-million-barrel deficit reported last week, the market is...
Hawkish RBA Expectations Fade On Soft Aussie CPI
Aussie CPI SlipsThe Australian Dollar has fallen lower today on the back of the latest set of Aussie inflation figures overnight. CPI was seen cooling to 5.6% last month, down from the prior month’s...
Copper Prices Sinking on China Economic Fears
China Economic FearsCopper prices are under heavy selling pressure as we cross through the middle of the week as fears over the Chinese economy and hawkish Fed expectations combine to weigh on...
EURUSD Rises as Market Awaits Central Bank Comments at Sintra Symposium
EURUSD soared by more than 0.4% on Tuesday ahead of the central bank heads' comments at the ECB's Sintra Symposium. The pair apparently heads for a retest of 1.10 after an unsuccessful...
EURUSD Rallies on Hawkish ECB Comments
Further ECB Tightening NeededEUR is rallying today against a backdrop of fresh, hawkish commentary from ECB chief Lagarde. Speaking at the opening of the ECB’s Sintra Symposium, Lagarde warned that...
BOC In Focus As Traders Await CAD CPI
CPI on WatchOn the back of a surprise rate hike from the BOC this month, the latest round of Canadian CPI data will be closely watched today. Along with hiking rates by a further .25%, the BOC...
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