US CPI Falls AgainThe US Dollar has come under heavy selling pressure today on the back of yesterday’s US inflation data. On the yearly figure, CPI was seen cooling to 3% from 4% prior, below the 3%...
Can EURUSD Breakout On US CPI?
USD Downside RisksToday’s US CPI release will be pivot for FX markets near-term. While a further .25% hike from the Fed is widely expected as the base case scenario for the July FOMC, expectations...
Crude Breaking Out Ahead of EIA Inventories Release
Oil RallyingOil prices are trading firmly higher into the middle of the week with crude futures expanding on last week’s gains. The rally has seen futures trading higher by around 12% off the June...
BOC Meeting Opens Up Bearish NZDCAD Risks
BOC Up NextThe Bank of Canada meeting today is drawing plenty of attention with the BOC widely expected to hike rates by a further .25% on the back of last month’s unexpected rate hike. The BOC...
RBNZ Pauses After 12 Consecutive Hikes
RBNZ Holds Rates SteadyFollowing 12 straight months of rate hikes, the RBNZ held monetary policy unchanged at the July MPR overnight. Sitting at 5.5%, the RBNZ noted that policy would remain unchanged...
USD Sell-Off Leaves Gold Room to Rally
USD Under PressureGold prices are rallying on Tuesday as the USD sell off deepens. The greenback came under pressure late last week as the latest round of US labour market readings failed to deliver...
GBPJPY Correction Offers Bullish Opportunities
UK Data in FocusGBPJPY is correcting sharply lower today as JPY gains on USD weakness. The latest set of UK labour market readings today have kept hawkish BOE expectations well-primed. However, with...
Meta Rally Continues As Threads New Users Soars
Threads Users SoaringMeta is trading higher again today ahead of the open as focus stays on the continued growth in popularity of new social media app Threads. The app, launched last week, has been...
GBP Higher On Fresh Wage-Growth Increase
Wages Rise AgainGBP is trading higher today on the back of the latest set of UK labour market indicators, which have helped keep hawkish BOE expectations entrenched. While the unemployment rate was...
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