US Jobs, Central Banks and the Week Ahead
Last week’s main focus was the Japanese Yen and the US Dollar, with USD/JPY briefly reaching the 160.00 level on Monday. This immediately put markets on alert for potential intervention, […]
GBP and USD in Focus Ahead of Key Data
Friday starts off with Andrew Bailey speaking around 10am. Bank of England’s next interest rate decision taking place on the 17th this month, markets will listen carefully for comments and indications […]
Markets React to Rising Inflation and Rate Bets
The Bank of Canada kept their interest rates on hold at 2.25% yesterday as expected, with the central bank pointing to the continuing conflict in The Middle East keeping energy […]
US Dollar Strength Continues as Markets Assess Rate Hike Risks
Further US Dollar strength continued throughout Tuesday and overnight, mainly supported by its safe-haven status with Oil prices climbing higher, as well as a sell-off in the bond markets. The […]
US Dollar Rebounds as Fed Rate Expectations Shift
The USD has recovered its recent losses against both GBP and EUR. At Jackson Hole, Kevin Warsh the chairman of the Federal Reserve gave his view of the US economy […]
Oil Falls as Central Banks Signal Further Rate Hikes
Oil prices have fallen slightly throughout the night as reports emerged of The U.S closing in on a deal to gain access to Venezuelan oil reserves, with the signing of […]
USD Recovers as US Inflation Beats Forecasts
USD reached a weekly high after PCE, personal consumption expenditure, rose in July. Figures came in at 3.7% year-on-year, higher than its forecast of 3.6%. While month-on-month also noticed stronger […]
Inflation Pressures Build Across Australia the US and UK
In the early hours of this morning, Australia’s inflation figures for July were released. Although the yearly figure came in lower than previous, it was still higher than forecasts expected, […]
RBA Stays Cautious as US Data Takes Focus
Tuesday set off with Reserve Bank of Australia’s meeting. RBA decided recently to leave rates on hold, currently sitting at a level of 4.35%. From its meeting, the members leaned […]
Dollar Weakness Drives Sterling Higher as Jackson Hole Takes Centre Stage
The US Dollar came under sustained pressure this week, helping GBP/USD climb to its highest level since February and pushing GBP/AED as high as 5.0200. As the UAE Dirham is pegged to […]