Higher than expected UK inflation lifts sterling
Cable ticked higher after UK inflation beat forecast in January and hits the highest in thirty years.
Further rise in consumer prices underpins expectations of more BoE rate hikes, with strong bets for the third consecutive hike in March.…
Read More...
Read More...
UK inflation rises to highest in 30 years in January
Britain’s inflation rose further in January, increasing pressure on consumers and boosting expectations that the Bank of England will raise interest rates again in its next policy meeting that will be the third hike in a row.
The…
Read More...
Read More...
Oil dips over 3% as tensions over Ukraine ease
WTI oil price pulls back from new 7-year high on Tuesday, as geopolitical tensions ease on news that Russia returns some military units to their bases after exercises near Ukrainian border.
Optimistic news prompt traders to collect some…
Read More...
Read More...
Fresh advance on renewed risk appetite needs to clear key obstacles at 1.1350 zone to resume
Steep fall in past two days is pausing as fresh bulls emerged on optimistic news from Ukraine that revived risk sentiment and lifted the Euro in European session on Tuesday.
Today’s economic data from the EU came mainly in line…
Read More...
Read More...
Positive news from Russia lift pound
Cable rose in early European trading on Monday after Russian Ministry of Defense announced return of some troops to bases near Ukraine.
Positive news cooled the situation and revived hopes that a war can be avoided, lifting risk-sensitive…
Read More...
Read More...
Calmer tones from US policymakers come after initial signals of more aggressive rate hike in March
The US inflation increased further in January and hit the highest in 40 years that fueled expectations for more aggressive approach from the US Federal Reserve in their next policy meeting.
After the number of economists and some…
Read More...
Read More...
Gold remains well supported by overheated geopoliticals, consolidation to precede fresh push higher
Spot gold price eases from new three month high ($1865) posted last Friday when the metal price rose 1.75% (the biggest one-day advance since 13 Oct 2021).
Overall structure remains firmly bullish as rising tensions over Ukraine continue…
Read More...
Read More...
Bears tighten grip but need close below 1.1300 zone for confirmation
The Euro extends a steep fall into second day, following Friday’s 0.7% drop that completed a Doji reversal pattern on a daily chart.
Bears emerged below the daily cloud base (1.1316) and cracked pivotal Fibo support at 1.1308 (50%…
Read More...
Read More...
Oil price would easily rise above $100 if situations over Ukraine deteriorates
WTI oil price is holding near new highest since September 2014 in early European trading on Monday, following Friday’s 4.3% advance the biggest one-day rally since Aug 23).
Rising geopolitical tensions on possible military…
Read More...
Read More...
Above expectations UK GDP lifts sterling but pivotal 1.3600 barrier caps the action
Cable edged higher on Friday, following better than expected UK GDP data which partially offset negative impact from further rise in US inflation that fueled expectations for possible more radical action from Fed.
Fresh advance continued…
Read More...
Read More...