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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Bulls hold under strong barriers, awaiting signals from key events this week
Cable keeps positive tone and continues to pressure key barriers at 1.2300 zone (former top of Aug 1 / 50% retracement of larger 1.4249/1.0348 downtrend), where bulls face strong headwinds for the third consecutive week.
Sustained break…
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Natural gas price jumps 10% on Monday’s gap-higher opening
The natural gas price rose further, opening with 10% gap-higher on Monday that generated strong bullish signal.
The price was up nearly 22% from last Friday’s low, with total advance of 31% in past four days.
Much colder than expected…
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Firm break of key Fibo barrier to neutralize warnings from weekly chart
The Euro regained traction in early Monday’s trading after Friday’s close in red, and attacks again key Fibo barrier at 1.0578 (38.2% of 1.2266/0.9535) where the action was already rejected twice last week.
Daily studies maintain strong…
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Britain’s economy accelerates above expectations in Oct, but overall outlook remains gloomy
Great Britain’s Gross Domestic Product ticked above expectations in October, with monthly figure showing rise by 0.5% against expected 0.4% expansion and following September’s 0.6% drop, while annualized GDP was 1.5%, above consensus at…
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