US inflation rises above 4% and adds to Fed rate hike bets – PCE
The US personal consumption expenditures price index (PCE), Fed’s preferred inflation gauge, rose 4.1% y/y in May from unrevised 3.8% previous month, in line with expectations.
May’s figure shows the largest increase and the first break…
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Brent oil falls to pre-war levels as supply normalization provides relief
Brent oil price hit pre-war levels (last traded on February 27) in early Thursday’s trading, as re-opening of Hormuz strait (20 million barrels passed through only yesterday) provides strong relief and continues to deflate oil prices.…
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AUDUSD slides further as Fed rate hike hopes continue to boost dollar
Steep bear-leg from 0.7000 zone extends into second consecutive day and hits the lowest levels since early April, as the Aussie dollar came under increased pressure from stronger dollar, driven by expectations that Fed may start tightening…
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US Dollar continues to ride on the wave of optimism about Fed rate hike
The dollar continues to trend higher and hit highest levels in over one year on Wednesday, moving in a steep bull-leg that extends into sixth consecutive day.
Growing bets of Fed rate hike (currently at 72% for September rate hike vs 45%…
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EURGBP hits new multi-month low but very strong supports at 0.8600 zone still hold
EURGBP hit the lowest since 15 Aug 2025 on Wednesday on probes through key supports at 0.8610 zone (multi-month higher base).
The pair remains firmly in red, following Monday’s 0.8% drop (the biggest daily drop since 25 July last year)…
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EURUSD falls to one-year low
The Euro extends steep fall into fifth consecutive day and falls to the lowest in one year on Tuesday, following break of former 2026 low (1.1410).
The single currency was deflated by growing expectations of Fed rate hike that continue…
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UK services sector contraction accelerates in June – PMI
The data released on Tuesday showed that Britain's dominant services sector contracted in June, weakening at the fastest rate since January 2023, that further darkens the picture of the British economy and adds to political uncertainty…
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Oil prices fall on fresh optimism over peace talks
Brent price fell almost $4 on Monday, after initial fears of stalling peace talks that resulted in weekly opening with gap higher, was replaced by more optimistic tones from top US officials.
Fresh weakness cracks again…
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GBPUSD – bears face increased headwinds from 2026 low
Cable continues to trade near 2026 low (1.3159, posted on March 31 and last Friday’s low / trendline support at 1.3163) following news of resignation of UK PM Starmer.
Growing uncertainty about how the new Prime Minister (likely to be in…
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GOLD – bears regain control after short-lived correction and look for renewed attack at key…
Gold remains in red for the third straight day, on track for the third consecutive weekly loss, under renewed pressure from Fed’s hawkish steer.
Recovery leg from $4000 support zone (metal hit new 2026 low at $4023 on June 11),…
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