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 […]
Dollar Slips as Hormuz Deal Hopes Lift Market Sentiment
Growing optimism over an interim agreement to reopen the Strait of Hormuz has led to Dollar weakness overnight, easing concerns to inflation worries globally. In light of this, we have […]
Markets Test Central Bank Resolve
For much of this year, investors have been trying to answer one question: have central banks finished tightening monetary policy? Last week, we moved one step closer to an answer. […]
Strong UK Retail Sales Overshadowed by Global Risks
UK retail sales increased by 1% month-on-month in June, crushing its expectation of 0.3% decline. The strong figures mainly coming from a robust demand in sporting merchandise, clothing, outdoor products, […]
ECB Rate Decision Takes Centre Stage as Energy Prices Climb
All attention today will be on The European Central Banks interest rate decision later this afternoon as The Euro hovers around a one-week high against The Dollar. Further strikes overnight […]