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FTSE Overcomes Two Major Hurdles, GBP Declines

FTSE Overcomes Two Major Hurdles, GBP Declines

The FTSE overcame two major challenges in quick succession, buoyed by softer core CPI, a weaker pound and a resurgence from UK homebuilders. Markets r...
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British Pound Update: GBP/USD and GBY/JPY Latest Price Outlooks

British Pound Update: GBP/USD and GBY/JPY Latest Price Outlooks

The British Pound is edging lower after yesterday’s better-than-expected inflation report sent UK Gilt yields tumbling....
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FTSE Update: Inflation Relief Boosts Homebuilders as Traders Revise BoE Bets

FTSE Update: Inflation Relief Boosts Homebuilders as Traders Revise BoE Bets

Better-than-expected UK core inflation data breathed life into the FTSE, placing the index well above two major levels of resistance in less than two ...
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USD/JPY, EUR/JPY Price Forecast: Yen Higher Following Trade Surplus in June

USD/JPY, EUR/JPY Price Forecast: Yen Higher Following Trade Surplus in June

The Yen enjoyed a slight uptick in the Asian session following a trade surplus in June. Murmurs around intervention is likely to continue to keep the ...
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FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since May 24, 2023 when FTSE 100 traded near 7,626.60.

FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since May 24, 2023 when FTSE 100 traded near 7,626.60.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-b...
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Dow Makes Progress and Nasdaq 100 Edges Lower, but Nikkei 225 Comes Under Pressure​​​​

Dow Makes Progress and Nasdaq 100 Edges Lower, but Nikkei 225 Comes Under Pressure​​​​

​The Dow is sitting close to the 2023 it hit yesterday, while the Nasdaq has seen momentum dissipate. Meanwhile, the Nikkei 225 has seen a wave of s...
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Is Canadian Dollar Getting Ripe for a Bounce? USD/CAD, EUR/CAD, GBP/CAD Price Action

Is Canadian Dollar Getting Ripe for a Bounce? USD/CAD, EUR/CAD, GBP/CAD Price Action

The Canadian dollar looks set to resume its rise against some of its peers, thanks to a still-hawkish Bank of Canada (BoC) and a potential base buildi...
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EUR/USD Price Forecast: Euro Fading Into Central Bank Week?

EUR/USD Price Forecast: Euro Fading Into Central Bank Week?

The euro looks to be running out of steam despite persistent high inflation ahead of next weeks ECB and FOMC announcements....
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Crude Oil Steadies as Markets Assess US Dollar Direction. Will WTI Regain High Ground?

Crude Oil Steadies as Markets Assess US Dollar Direction. Will WTI Regain High Ground?

The crude oil price decent pause to start Thursday’s session as markets assess energy demand with China leaving rates unchanged. If the US Dollar re...
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