Cable continues to trend lower as geopolitical tensions rise
Steep fall extends into fifth straight day, with the pair falling nearly 4% in past as sterling remains under increased pressure from risk aversion and growing geopolitical tensions, while negative economic data warn that the UK economy is…
Read More...
Read More...
Britain’s economic growth is likely to slow significantly on soaring cost of living
Sharp rise in the cost of living in the UK due to soaring inflation, is likely to have a severe impact on the economic growth in 2022 and early 2023, according to the polls, in which majority of economists pointed to the worst scenario.…
Read More...
Read More...
Dollar remains well supported and could extend higher than expected
The dollar continues to trend higher and hit new two-year high on Monday, with recent rapid rise being underpinned by safe-haven buying and expectations of more aggressive Fed.
Growing uncertainty over the consequences of the conflict in…
Read More...
Read More...
Gold falls below $1900 on expectations of more aggressive Fed; strong dollar
Spot gold accelerated lower on Monday, losing more than 1.5% and probed below $1900 mark for the first time in more than three weeks.
Robust US dollar, which holds near the two-year high against the basket of major currencies, driven by…
Read More...
Read More...
Oil price slumps below $100 on demand concerns
WTI oil price fell nearly 5% on Monday, extending weakness well below psychological $100 level and hitting the lowest in two weeks.
Oil came under increased pressure on concerns that extended lockdowns in Shanghai and hawkish signals from…
Read More...
Read More...
Cable extends steep fall as exodus into safety accelerates
Cable falls further in early Monday, hitting the lowest since Sep 2020, extending Friday’s 1.5% drop (the biggest daily fall since 18 Mar 2020) and last week’s 1.64% loss (the biggest weekly fall since mid-Aug 2021).
Bears gained pace…
Read More...
Read More...
Bears remain firmly in play despite upbeat German data
The Euro fell further on Monday, extending weakness below the temporary base that was formed at 1.0757 during past two weeks.
Fresh weakness emerged after last week’s limited recovery was strongly rejected and daily candle with long upper…
Read More...
Read More...
Risk aversion pushes Aussie to two-month low
Steep fall off 0.7661 (Apr 5 spike high) extends into fourth consecutive week, following last week’s acceleration that resulted in weekly loss of 2%.
Fresh weakness in early Monday hit the lowest in nine weeks and tested solid support at…
Read More...
Read More...
Dollar rises to new multi-month high as hawkish Fed diverges from its major peers
US DOLLAR INDEX
The dollar index regained traction after brief pullback was strongly rejected at 100 zone and hit new 25-month high on Friday.
The greenback was lifted by a hawkish message from Fed Chair Powell about possible 50 basis…
Read More...
Read More...
Oil price eases on growth concerns and China lockdowns but still lacking clear direction
WTI oil edges lower on Friday, pressured by prospects of weaker global growth and higher interest rates, as the International Monetary Fund cut its global economic growth forecast and Fed Chair Powell signaled that half percentage point…
Read More...
Read More...