Nasdaq Correction Deepens Following US Inflation Rise
CPI Weighs on StocksUS stocks are ending the week on a softer footing following the latest inflation data released yesterday. Annualised CPI was seen to have risen 3.2% last month, up 3% from a month...
GBP Stronger Following UK GDP Beat
GDP Beats ForecastsGBP has seen better demand today on the back of the latest UK GDP data released this morning. A gloomy report from the NIESR yesterday weighed on GBP sentiment ahead of the release....
Gold Traders Brace For US CPI
US CPI On DeckToday’s the day. After a slow week of summer trading conditions, the market prepares to receive the latest round of US inflation data. Given that expectations are a little more mixed...
Crude Breaks Out to Fresh YTD Highs
Crude Continuing HigherCrude prices today broke out to their highest level since November 2022 as the rally off the YTD lows continues to gather pace. Crude futures are now up more than 30% off the...
Dollar and Equities Saw Muted Reaction to Dovish US CPI Surprise. Here is why.
The US inflation report had a moderately favorable outcome for the market. Both overall and core inflation figures came in below expectations, slightly alleviating market tension linked to the risk of...
EURUSD Higher Despite Gloomy ECB Bulletin
ECB Concerned Over Economic ProspectsIn its latest economic bulletin released today, the ECB shared little in the way of optimism for the health of the eurozone economy. While the bank acknowledges...
GBP Lower As NIESR Flags Fresh Recession Risks
2024 Recession Risks GrowingAfter narrowly avoiding a recession so far this year, and with the likes of the IMF and the BOE no longer forecasting a recession in the UK this year, GBP bulls were dealt...
Two Key Gold Levels ahead of US CPI Release
US indices closed Tuesday session on a bearish note as weak data on China's foreign trade sparked a minor turmoil in the market. However, the situation managed to turn around today; equity...
Nasdaq Correction Continues As Weak China Data & US CPI Weigh
China CPI Drops AgainFears over the health of the Chinese economy have moved back into the spotlight this week. On the back of data yesterday showing that Chinese exports contracted for the third...
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