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Fundamental Analysis

GBP Soaring On Hot UK Inflation

UK CPI Still Too HighOn the back of a higher-than-expected wage growth figure earlier this week, today’s UK CPI data has effectively confirmed a further .25% hike from the BOE next month. Headline CPI...

NY Empire State Manufacturing Index Surprises with Acceleration in April

The NY Empire State Manufacturing Index surprised with its acceleration in April, as the main index not only did not decrease as predicted by the forecast from -11.5 to -18.0 points, but even jumped...

Dollar Rises on Hawkish Comments from Fed Official, but Risk Assets Stay Resilient

The dollar went up on Friday thanks to hawkish comments from a Fed representative, Waller. The events and reports calendar for this week is not particularly noteworthy, so market participants are...

Precious Metals Monday 17-04-2023

Metals Correct As USD Demand ReturnsBoth gold and silver are starting the week just off recent highs following the correction lower we saw on Friday in response to fresh USD strength. The Dollar found...

Traders Brace For US Banking Sector Earnings - JPM Up First

JPM Earnings DueUS earnings season heats up today with JP Morgan, the biggest US bank by assets, due to report Q1 earnings. The bank’s earnings are always seen as a bellwether for the broader...

US Bond Yields Rise Despite Dovish Retail Sales Figures

The chances of the Federal Reserve keeping its policy unchanged in May have increased after the release of US production inflation data for March. Overall production inflation unexpectedly turned...

Positive market reaction to the CPI report may be short-lived and here's why

The labour market report for March left mixed feelings, as it did not confirm the slowdown in employment growth that seemed to be evident in a number of other reports (initial jobless claims, ISM in...

IMF Revises Global Growth Outlook Lower Again

More Pessimism From IMFThe latest update from the International Monetary Fund yesterday makes for fairly bleak reading. The group was seen cautioning over the downside risks to global growth this year...

The NFP Report Keeps Markets on Edge Regarding Fed's Aggressive Policy

Employment in the US increased by 236K in March, and unemployment decreased to 3.5%, as shown by the NFP report on Friday. Considering that a fairly strong inflation report is expected this week...