UK headline inflation came in higher than expected but the core inflation print accelerated once more. Will the data inspire a more hawkish approach from the BoE heading into tomorrow’s meeting?...
The S&P 500 and the Nasdaq 100 index are looking overbought and have run into stiff resistance areas, raising the risk of a minor retreat, especially if Fed Chair Powell’s tone later Wednesday is hawkish. What is the outlook and what are the key levels to watch?...
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....
The Bank of England is likely to raise benchmark rates this week as signs of secondary effects of inflation appear. Rate expectations to support GBP/USD...
Gold prices drop on Tuesday amid U.S. dollar strength following solid U.S. economic data ahead of Powell’s testimony before Congress later in the week....
In an relatively lackluster FX market, the Japanese’s Yen volatility is something of a rarity and is at least giving traders something to work with....