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Economic Indicators and Projecting Monetary Policy for UK

Economic Indicators and Projecting Monetary Policy for UK

Recent irregularities in the Labour Force Survey (LFS) raise caution due to a low response rate, leading the Office for National Statistics (ONS) to label the dataset as "official statistics in development." While presently valuable for a broad understanding, potential revisions may occur post-resolution of technical issues.
ACY Securities | hace 462
Unlocking the Yen's Secrets for 2024!

Unlocking the Yen's Secrets for 2024!

The current USD/JPY exchange rate sits at 150.8 as of Feb 14, 2024, just below the recent peak of approximately 152. As the USD/JPY nears the 152 thresholds, marking its lowest point since the multi-decade lows observed in October 2022, it becomes imperative to reassess my strategy.
ACY Securities | hace 462
Robust CPI Report Sparks Surge in Dollar Demand

Robust CPI Report Sparks Surge in Dollar Demand

The Dollar Index hits a three-month high, driven by robust economic indicators, including strong job reports, GDP figures and US inflation. January's inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar's strength
PU Prime | hace 462
Markets seek direction from US CPI report

Markets seek direction from US CPI report

Wall Street eases from highs as investors on standby for US inflation update. Dollar supported as yields crawl higher, yen resumes slide. Pound lifted by strong jobs data; Bitcoin soars above $50,000.
XM Group | hace 463
Daily Global Market Update

Daily Global Market Update

Gold and Euro down slightly, Pound stable, Bitcoin surges. Global highlights: US economy strong, Ethereum fees rise, oil merger. Watch Eurozone's ZEW, UK Employment, US CPI, Germany's ZEW, Japan's Machine Tools, UK's Claimant Count.
Moneta Markets | hace 463
Overview of Oil, Gas, Power, Emissions, and Metals Markets

Overview of Oil, Gas, Power, Emissions, and Metals Markets

When we talk about commodities, Brent crude oil is currently traversing a trading range of USD 75-80 per barrel. Despite the presence of recent supply disruptions and escalating geopolitical tensions in the Middle East, the prevailing market sentiment tends towards a bearish outlook.
ACY Securities | hace 463
How Long Will the USD Sustain Its Strength?

How Long Will the USD Sustain Its Strength?

The USD has encountered marginal progress since the recent robust report on US employment figures. However, its upward momentum has plateaued compared to earlier in the week. Two primary impediments hinder the Dollar's ascent.
ACY Securities | hace 463
Dollar Holds Steady in Anticipation of US CPI

Dollar Holds Steady in Anticipation of US CPI

The US Dollar adopts a consolidated stance in anticipation of key economic data, particularly US inflation and retail sales figures. Investors are closely monitoring the Consumer Price Index (CPI) for January, expecting a year-on-year increase of 2.90%, a slight dip from the preceding month.
PU Prime | hace 463
S&P 500 hits 5,000 milestone as US CPI awaited

S&P 500 hits 5,000 milestone as US CPI awaited

Fading rate cut bets fail to deter tech rally as S&P 500 tops 5,000. Relief as no major changes in annual US CPI revisions, January report eyed next. Dollar drifts sideways in thin trading amid holidays across Asia.
XM Group | hace 464
EURUSD, GBPUSD, USDJPY

EURUSD, GBPUSD, USDJPY

• US CPI figure may confirm another bullish wave for EUR/USD • UK data this week could clear GBP/USD’s next direction • Japan GDP to reverse higher; USD/JPY may lose ground
XM Group | hace 464
Daily Global Market Update

Daily Global Market Update

Oil up 0.2%, Aussie dollar steady, Euro Dollar sideways, Dollar Yen flat but positive. Global: Georgieva optimistic, Bezos sells $2B in Amazon shares. US becoming major oil exporter. Events: US Monthly Budget, Japan's PPI, CFTC positions (GBP, JPY), Finland's Current Account, and US 3-Month Bill Auction.
Moneta Markets | hace 464