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inflation

Sterling Short Squeeze Intensifies
Sterling Short Squeeze Intensifies

 GBP SoaringAmidst the current period of USD weakness, GBP continues to be one of the stronger performers against the Dollar. The shift in Fed outlook on the back of weaker-than-forecast US inflation...

Dollar Down Sharply On Dovish Rates Repricing
Dollar Down Sharply On Dovish Rates Repricing

US Inflation PlungesThe US Dollar is down sharply through the back of the week after suffering further heavy selling yesterday. The move lower comes amidst a wave of softer-than-forecast inflation...

Dollar On Watch Ahead of Inflation Tomorrow
Dollar On Watch Ahead of Inflation Tomorrow

Fresh US/Iran AttacksThe US Dollar is starting the week in a muted fashion with the DXY a little softer through the European open on Monday. Traders are monitoring headlines on the Middle East...

Dollar Dumped On NFP Miss
Dollar Dumped On NFP Miss

Weak Jobs DataThe US Dollar is trading lower today on the back of the June NFP release yesterday which came in sharply below forecasts. The headline NFP reading fell to just 57k last month, well below...

UK Inflation Stalls in June
UK Inflation Stalls in June

UK CPI Holds At 2.8%GBP is a touch softer today after the latest UK inflation data showed that headline CPI remained unchanged at 2.8% last month, below the 3% the market was looking for. The...

US Futures Falling Ahead of Inflation Report
US Futures Falling Ahead of Inflation Report

Stocks Roiled by Jobs SurpriseUS stock futures are falling today ahead of the keenly anticipated May inflation report. Fed rate hike expectations have jumped on the back of Friday’s stronger-than...

Is Copper About to Breakout?
Is Copper About to Breakout?

Copper Testing YTD HighsDespite the ongoing uncertainty and risks around the US trade war, copper prices are attempting to push higher through the middle of the week as risk sentiment improves on...

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Inflation to Drive US Dollar Today

 US Dollar on Watch TodayAll eyes are on the US Dollar today as traders brace for the latest set of US inflation readings due this afternoon. Yesterday, Powell told congress that the Fed would hold...

USD Extends Rebound as Markets Get Confident about Fed Hawkish Shift
USD Extends Rebound as Markets Get Confident about Fed Hawkish Shift

Following a technical retreat last Friday, the USD renewed its strength on Monday. The US Dollar Index (DXY), which measures the Greenback’s performance against a basket of six major currencies,...