Larger bulls to stay intact above daily Tenkan-sen
The Euro remains at the back foot in European trading on Friday, after Thursday’s drop and formation of bearish engulfing which weighs on near-term action.
Larger bulls lost traction on approach to pivotal Fibo barrier at 1.0746 (61.8% of…
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Cable dips further on renewed risk aversion
Cable remains in red on Friday and extends lower after nearly 2% drop on Thursday, pressured by renewed risk aversion after major central banks showed unexpectedly hawkish stance and prompted investors into safety of dollar.
Weaker than…
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Dow drops sharply after hawkish Fed soured sentiment
The Dow index fell around 2% on Thursday after more hawkish than expected Fed soured risk sentiment.
The US central bank surprised wide expectations that easing its aggressive interest rate hikes would lead towards an end of the policy…
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ECB eases the pace of tightening but signals further rate hikes
The European Central bank raised its interest rates by 50 basis points from 1.5% to 2%, in its last meeting this year, in line with expectations.
The central bank increased borrowing cost for the fourth consecutive time, though this time…
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Dollar gains traction on more hawkish than expected Fed
The dollar index rose in early Thursday as the greenback regained traction after more hawkish than expected Fed.
The central bank did deliver a 50 basis points rate hike, as widely expected, but Chief Powell, in his post-meeting comments…
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All eyes are on Fed
The US Federal Reserve is widely expected to announce a half percentage point rate hike at the end of their last monetary policy meeting in 2022 today, to signal eventual slow of the pace of recent aggressive policy tightening phase, when…
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UK inflation eases more than expected in November
UK annualized Consumer prices fell to 10.7% in November from the highest in over four decades at 11.1% in October and also below 10.9% consensus.
Monthly inflation rose by 0.4% last month after 2.0% increase in October, while economists…
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Dollar dips on lower than expected US Nov inflation
The dollar index was sharply lower on Tuesday (down 1% since release of US CPI data) as lower than expected inflation figures in November boost optimism of further drop in consumer prices and open way for the Fed to start easing its…
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US inflation continued to ease in November
US consumer prices increased by 0.1% m/m in November after rising 0.4% the previous month and beat forecast for 0.3% increase, while annualized inflation fell to 7.1% in November from 7.7% in October and below 7.3% consensus.
So-called…
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Recovery gains pace on fresh supply concerns
The WTI oil price rises for the second straight day as fresh supply concerns following the closure the US Keystone Pipeline which ships oil from Canada to the US, offset fears of weaker demand.
The supply shortage in the world’s biggest…
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