RBA Says Hikes Still PossibleThe Australian Dollar is trading with a spring in its step across the European morning on Tuesday. Overnight, the RBA held rates unchanged, as expected. However, the tone...
Divergence Persists Between US and Euro Area Economies
The economic tale of two continents persisted through the final quarter of 2023, with the United States outpacing the euro area yet again. According to recent data, the US economy expanded by 0.8%...
GBPUSD Sinks on Dovish BOE Comments
Pound Breaks DownGBPUSD is holding for now at the foot of yesterday’s losses following dovish commentary from BOE chief economist Huw Pill. The BOE policymaker told reporters that the bank is on...
FTSE Breakout Looming?
FTSE Stuck in RangeThe FTSE remains within a tight block of consolidation this week as the recent range persists for now. The index attempted a breakout higher earlier today but met selling resistance...
Strong US Dollar Weighing on Euro
Euro Lower on MondayEURUSD is testing below the 1.0785 level today for the first time since early December as a strong US Dollar sets the tone for FX markets. The Dollar is rising on the back of a set...
Oil Prices Fall Despite Rising Middle East Tensions
Crude Continues LowerOil prices remain under pressure as we start the new week. Crude futures are in the red on Monday, extending losses from last week as the market continues to depreciate. The sell...
Federal Reserve Advocates Patience as UK Economic Woes Plague Pound
The EURUSD pair is currently hovering near recent lows, extending the downside on Monday as markets still digest the stellar NFP report released last Friday and the unexpected verbal intervention from...
Gold Sinks As US Jobs Surge Higher
Gold Falls on MondayGold prices are seeing decent selling interest across early European trading on Monday. The move comes amidst an uptick in USD on the back of a bumper set of US jobs figures last...
GBPJPY Poised For Fresh Leg Higher?
Pound Pushing HigherGBP is rallying on the back of yesterday’s BOE meeting, creating some interesting opportunities across the FX space. The reaction might appear at little counter-intuitive given the...
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