The Sterling fell soon after the release of UK inflation data which was largely in line with expectations, but some key elements of…
Category:
Forex Market
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USD holds at highs (USDIndex 104.51), Stocks closed up over 2% (NASDAQ +2.51%) – (1) dead cat bounce & another bear market rally…
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AUDUSD bounced back after approaching the May 2022 low at 0.6828 after a big fall due to the strengthening of the USD in…
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USD holds at highs (USDIndex 104.16), Stocks closed higher in Europe (DAX +1.01%, FTSE100 +1.50%) & Asian shares opened over 1% higher and…
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The Fed announced its largest rate hike since 1994 at its most recent meeting, raising rates by 75 basis points to 1.5%-1.75% .…
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BTCUSD, Day The crypto market continues to be in turmoil. Bitcoin (BTCUSD) dropped below $20,000 over the weekend, hitting a record low since…
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USD holds at highs (USDIndex 104.13), Stocks mixed on Friday & third week lower (S&P500 -5.79% & worst week since March 2020, down…
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Stagflation risks are building. Central banks clearly are spooked by the persistent rise in inflation that is increasingly evident in domestic indicators of…
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Yesterday, the SNB raised interest rates by 50 bps to -0.25% from -0.75%, the first increase in 15 years, , driven by inflation.…
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USD drifted (USDIndex 103.15) thanks to the hawkish SNB and BoE, while the potential for a shift from the BoJ. However, BoJ eventually…