BOE Rate Cut Chances Vanish With Soaring UK Inflation
UK CPI hits 3% Again The chances of a follow-up rate cut from the BOE next month have fallen sharply this week in response to the latest UK data. Yesterday, wage growth was seen rising to 6% from 5.5%...
The FTSE Finish Line: February 18 - 2025
The FTSE Finish Line: February 18 - 2025Patrick Munnelly, Partner: Market Strategy, Tickmill GroupFollowing a slight increase early on, U.K. stocks pulled back somewhat and remained relatively muted...
Aussie Rallies Despite RBA Rate Cut
Hawkish Cut From RBAAUDUSD is holding steady through early European trading on Tuesday despite the RBA cutting rates once again overnight. The bank slashed rates by a further .25% to 4.1% but were...
US Weapons Stocks Plunge
Lockheed Losses Mounting QuicklyDefence stocks have come under heavy selling pressure in recent trading in reaction to news of the Israel-Hamas ceasefire, which continues to hold for now. This week,...
Dollar Rises on Hawkish Fed Comments
Waller Backs Pause in EasingThe US Dollar is trading in the green so far today with the DXY bid on the back of hawkish comments from some Fed policymakers yesterday. Fed’s Waller voiced his support...
USDJPY Sinks On Stronger Japanese Data
Strong Yen on MondayUSDJPY has come under fresh selling pressure on Monday amidst an uptick in BOJ tightening expectations. The shift comes in response to data overnight which showed that the Japanese...
Gold Rally Pauses - Where to Next?
Gold Market Drivers: Geopolitical Risk BackdropGold prices have been on a solid run over the last two months with the futures market logging a roughly 15% gain from the December lows. Rising global...
Bitcoin Drifting Without Action from Trump
Bitcoin Demand FadingIt’s been a soft start to the week for Bitcoin with the futures market in the red across early European trading on Monday. A stronger-than-forecast US inflation print last week,...
Is a Bullish GBPUSD Reversal Underway?
Better UK DataGBPUSD is trading at its highest level in over two months today against a backdrop of better-than-forecast UK data and a weaker US Dollar. On the data front, UK GDP was seen rising 0.1%...
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