GBPUSD Falls - Expectations Split Following BOE Hike
UK Rates Hit 15yr Highs The British Pound came under heavy selling pressure yesterday as traders reacted to the latest rate adjustment from the BOE. The UK central bank hikes rates for a 12th...
Nasdaq Breaks Out - US Consumer Data On Watch
US Consumer Data DueAhead of the weekend, traders will be looking to the UoM Consumer Sentiment and Inflation Expectations readings as the final key data of the week. On the back of...
UK Growth Contracts in March Following Bullish BOE Revision
UK Growth Falls in MarchThe latest set of UK economic data has added to concerns for the UK economy. On the back of the BOE yesterday warning that inflation was likely to persist at higher levels for...
GBP Correction Risks Into BOE Today
BOE in FocusThe Bank of England meets today for its May rates decision and market expectations are split, creating plenty of room for volatility in GBP and UK assets. While a further .25% hike is...
Nasdaq Breaks Out Ahead of US PPI
PPI On WatchFollowing on from yesterday’s CPI reading, traders will today turn their focus to the latest US PPI reading. Rate hike expectations for June have fallen sharply on the back of yesterday’s...
Recession Fears Stalling the Recovery in Oil Prices
Oil Traders Cut LongsThe latest CFTC COT institutional positioning report shows that oil traders cut their long positions for a second week running last week. Total upside exposure fell to 215k...
Amazon Shares Rally On Softer US CPI
Amazon Breaking OutShares in Amazon are trading higher today ahead of the open. The company’s stock was seen rallying sharply yesterday in response to the latest US inflation data which came in below...
LTCUSD Downside Focus Into US CPI
LTC Reverses From HighsFollowing a short-lived breakout to fresh YTD highs, Litecoin has come under heavy selling pressure over recent weeks. The failure at the 102.61 level has seen the market...
GBPUSD Holding Near Highs Ahead of BOE Tomorrow
BOE OutlookGBPUSD is holding near recent highs today ahead of the BOE meeting tomorrow. The BOE is widely expected to hike rates a further .25% on the back of recent CPI data which showed inflation...
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