Is the Fed set to send gold higher?
Short term interest rate markets are pricing in nearly a 100% chance of a Fed hike on Wednesday this week when the Fed meet. Interest rates are expected to rise to 5.375% from 5.125%.
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AUS inflation data could push the AUDUSD lower
Inflation data is a major focus for the Reserve Bank of Australia and a headline that prints below 5.8% and a trimmed mean below 5.9% will surprise markets and reassure the RBA that inflation is moving lower and would give the RBA confidence to remain on hold for rates.
JPY pairs in focus ahead of Japanese inflation data
The JPY is once again in focus this week as Japanese inflation data is released early Friday am. So, with Governor Ueda disappointing JPY bulls this week by saying that the BoJ were still some away from sustainably achieving the…
Summer sweet spot for silver?
Last week silver prices gained over 8% on the lower than expected US CPI print. Investors rapidly sold the USD last week as lower inflation increased chances of the Fed holding rates for September’s meeting. This also meant that yields…
UK Inflation Data Release: Eyes on the GBP as Fight Against Inflation Intensifies
Mark your calendars for Wednesday, July 19! At 07:00 UK time, the much-awaited UK inflation data will be revealed. Anticipations suggest that the headline figure will drop to 8.2% y/y from the previous 8.7%. However, the core reading is expected…
NZDUSD’s interesting seasonals
The RBNZ met last night and announced that they would be continuing holding rates at 5.50% for the foreseeable future. Although broadly happy with domestic labour and inflation readings they still note the potential for inflation to surprise them, particularly…
Expect EURUSD volatility over US CPI print
On Wednesday at 13:30 UK time the US CPI print will be released. The headline is expected to fall to 3.1% from 4% prior & a reading below 2.9% would likely weaken the USD. The core reading is also expected to fall to 5% from 5.3% prior, & a reading below 4.9% should also weaken the USD. The print that should boost the USD would be if both headline and the core come in above market’s maximum expectations.
Mighty Meta takes on Twitter!
For some time now disgruntled users of twitter have been looking for a reason to move away from Elon Musk’s platform. In June this year Australia’s cyber regulator told Twitter to explain its handling of online hate. Twitter had become the most complained about plat-form since Elon Musk ...
Seasonal slide for oil or is the bottom in?
At the latest OPEC+ meeting Saudi Energy Minister said OPEC+ will do "whatever is necessary" to support the oil market. Since the start of the year many analysts were optimistic about oil prices. China’s post Covid-19 recovery was ...
Can Copper’s seasonals buck negative sentiment in July?
Sentiment surrounding global growth has been poor in the last few weeks with growing risks. Geopolitical tensions between US & China, higher rate expectations, angst over stretched US equity positions, slower Chinese data, and lower US earnings expectations have all…