Oil prices struggle to form upside momentum despite Saudi production cuts coming into play next week. Global growth concerns and the prospect of rate hikes weigh
Spot Gold surrendered the high ground as USD/CAD rose following US and Canadian data. Canadian inflation at 2-year lows and US home sales at 1-year highs. What recession?
Japanese officials are voicing their concerns over the latest bout of JPY weakness, but will jaw-boning be enough to stop the Japanese Yen from falling further.
The ECB’s Forum on Central Banking has provided a platform for hawkish officials this morning ahead of tomorrow’s panel discussion including heads of the Fed, BoE and ECB
Tech stocks dropped sharply yesterday, but the Nasdaq 100 has tiptoed higher this morning, while the rebounds in the FTSE 100 and Dow have struggled.
The ECB Forum is set to start in Sintra today as Central Bankers discuss monetary policy. No real material change is expected as GBPUSD rises ahead of the meeting. Further gains in store?
Fed Chair Jerome Powell took the stage yesterday with a series of hawkish comments but nevertheless, a significant degree of data-dependence is still in place.
Major US indices kicked off the shortened trading week in the red, although the sharp paring of losses mid-day especially in the Nasdaq may still reflect some strength in buyers.
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