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Fundamental Analysis

Stocks Slip On Powell Rates Comments While Yellen Notes Fading Recession Risks

Powell Says Further Hikes LikelyUS markets ended the day lower yesterday and are on course for a negative week. The conclusion from Powell’s two-day testimony at the Senate is that further hikes are...

GBPUSD Falls As BOE Hikes Rates to 5%

BOE Hikes AgainThe BOE took the bull by the horns yesterday and hiked rates by a further .5%, taking the headline UK interest rate up to 5%, its highest level in 13 years. The move comes on the back...

May US Housing Starts Surprise Makes Markets Nervous About Fed Pause

Powell's testimony in Congress had a negative impact on the dollar, causing the US currency index to bounce off the upper boundary of the bearish channel, dropping by 102 points and forming a...

Still-Hot UK Inflation Raises Risks of Hawkish BOE Surprise

 Hawkish RisksThe big focus in FX markets today will be the June Bank of England meeting. The BOE had been tipped to hike rates by a further .25%, marking the 13th consecutive rate hike and the...

ETH Rallying As BTC Spike Pulls Crypto Higher

BTC Driving ETH HigherThe surge higher in Bitcoin this week has seen the broader crypto market recovering also. Bitcoin futures are now up around 25% off last week’s lows. The move comes in response...

EURUSD Pushing Higher As USD Falls After Powell Speech

USD Weakens on Powell CommentsEURUSD is pushing higher today against a backdrop of USD weakness following Powell’s semi-annual testimony at Congress yesterday. Speaking at the Senate Banking...

Crude Futures Soften Ahead of EIA Inventories

EIA On WatchCrude oil prices are a little softer today ahead of the latest EIA inventories release due later. Last week, the EIA reported a larger-than-forecast inventories surplus, reflecting weaker...

Bank of England's Underestimated Inflation Forecasts Expose Insufficient Policy Tightening

The surprise in UK consumer inflation for May was incredibly strong, raising concerns that the Bank of England may go into overdrive with the policy tightening. GBPUSD initially tried to gain...

GBP Sinks on Fresh CPI Surge

GBP Under PressureGBPUSD has come under fresh selling pressure today as the latest round of UK inflation data failed to inspire optimism. UK CPI in May was seen printing 8.7% on the headline reading...