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BOE’s Bailey: We expect food price inflation to fall gradually this year

August 3, 2023

Food inflation appears to have peaked We expect inflation to fall to around 5% in October Services inflation brings “unwelcome news” since May though He …

Technical Analysis

Bitcoin Technical Analysis – Risk of a selloff is high

August 3, 2023

Bitcoin has been struggling recently as the monetary conditions started to tighten more with the US Dollar gaining across the board and global bond yields …

Central Banks

BOE raises bank rate by 25 bps to 5.25%, as expected

August 3, 2023

Prior 5.00% Bank rate vote 8-1 vs 7-2 expected (Dhingra dissented, Haskel and Mann voted for 50 bps) Current monetary policy stance is restrictive Labour …

Technical Analysis

GBPJPY Technical Analysis – Waiting for the BoE

August 3, 2023

The UK CPI missed expectations across the board and triggered a big repricing in interest rates expectations. In fact, the market was pricing a higher …

Central Banks

ECB’s Panetta: It is too early to commit now on what to do in September

August 3, 2023

Will decide in September whether or not to pause on rate hikes They’re going to leave it to the data essentially but so far this …

Technical Analysis

USDCHF Technical Analysis – The Bulls are eyeing this strong resistance level

August 3, 2023

Last week, the Fed hiked by 25 bps as widely expected and left everything unchanged. Fed Chair Powell in the press conference just reaffirmed their …

Technical Analysis

Copper Technical Analysis – Bulls and Bears are watching these key levels

August 3, 2023

The weakness in the global manufacturing sector and especially in the Chinese economy have been weighing a lot on Copper prices. We had a good …

Technical Analysis

WTI Crude Oil Technical Analysis – Buyers fail at a key resistance

August 3, 2023

The OPEC+ production cuts and the expectations of more economic stimulus in China, gave Crude Oil enough strength to break above the key resistance zone …

Market Outlook - European Market

Japanese Yen and Nikkei 225 tank as US Dollar Re-Asserts Itself. New USD/JPY Highs?

August 3, 2023

The Japanese Yen melted again today as the US Dollar ascendency got back on track after investors and traders reassessed their exposure to risk assets. …

Central Banks

Federal Reserve speakers Thursday include Barkin

August 3, 2023

Schedule for 1230 GMT, which is 0830 US Eastern time: Federal Reserve Bank of Richmond President Thomas Barkin speaks topic is “Recession Revisited”, before the …

Central Banks

European Central Bank Executive Board member Panetta is speaking Thursday on disinflation

August 3, 2023

Coming up at 0900 GMT, which is 0500 US Eastern time: Panetta delivers speech at a webinar titled “Getting disinflation right” organised by Bocconi University, …