Pound receives fresh support from hawkish shift in rate expectations as inflation rises
Cable jumped to a seven-week high in European trading on Wednesday, after UK inflation report showed unexpected rise in consumer prices, causing a hawkish shift in rate expectations, one day ahead of BOE policy meeting.
Markets now…
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UK inflation jumps to 10.4% in February
Inflation in Britain unexpectedly rose to 10.4% in February, jumping from 10.1% in January and well above 9.9% forecast, with inflation above 10% described by policymakers as dangerously high.
The biggest contributor to unexpected jump…
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German investor morale falls sharply in March – ZEW
German economic sentiment weakened significantly after financial markets came under strong pressure on spillover from the collapse of few regional banks in the United States and the demise of the Credit Suisse, the second largest Swiss…
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Daily cloud twist continues to attract bulls
The Euro is holding firm tone on Tuesday morning and extending advance into fourth straight day.
Near-term action continues to advance along with rising daily Ichimoku cloud base, as the cloud twists next week (1.0758) and attracts bulls.…
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Bulls take a breather, awaiting Fed/BOE and UK CPI data
Cable is a tad lower in early Europe on Tuesday, as bulls are taking a breather after strong rally in past three days, which hit the highest since Feb 2.
Overall picture remains bullish, with easing of fears about crisis in banking sector,…
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Dollar extends weakness to five-week low and cracks key supports
The US dollar remains firmly in red on Monday, extending a steep fall into third consecutive day and holding around the lowest in five weeks.
The greenback was hit by the latest risk aversion on growing concerns about the crisis in banking…
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Crude price falls to 15-month low on demand fears amid banking crisis and US interest rates
WTI oil fell to new lowest level ($64.08) since Nov 2021 on Monday, as sentiment continues to weaken on growing fears that crisis in banking sector could deepen, with potential increase of US interest rates, to lead into recession, which…
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Gold likely to probe again above $2000 barrier
Gold is consolidating under new one-year high ($2009) after bulls cracked psychological $2000 barrier on Monday.
The yellow metal surged 3.6% last Friday after worries that the crisis in global banking sector is deepening, sparked strong…
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Japanese yen rises to a multi-week high vs dollar on growing safe-haven demand
The USDJPY stays firmly in red and extends losses in early Monday, after falling 1.3% on Friday.
Rising risk aversion after UBS’ takeover of troubled Credit Suisse bank failed to calm tensions in the market, offered fresh support to…
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EURUSD recovery loses traction on growing fears about crisis in banking sector
The Euro dips in early European trading on Monday, generating initial signal that recovery from last week’s spike low (1.0516) might be over.
Growing concerns about the contagion in the banking sector and fears that authorities won’t be…
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