Crude Fighting BackFollowing heavy selling across the start of the week, oil prices have since stabilised and are now starting to recover. Crude futures found support into the 72.61 level with the...
The FTSE Finish Line - August 22 - 2024
The FTSE Finish Line - August 22 - 2024FTSE Flatlining Again, JD Sports Shines In A Slow Summer TapeThe U.S. Federal Reserve's expected interest rate decrease, which has been boosting market...
Dovish Fed Shift Sends Bearish USD Signals
FOMC Minutes Show Growing Rate Cut SupportLast night’s FOMC minutes delivered on the dovish side as expected. The minute showed that several members were in favour of a cut last month while the ‘vast...
Technical signal triggers Dollar recovery but soft US labor market data weighs on sentiment
The US Dollar began a rebound on Thursday after the Dollar Index (DXY) touched a yearly low, triggering traders to capitalize on a strong and clear technical signal:The latest revisions to the US...
Copper Losing Steam As US Job Fears Resurface
US Jobs Concerns Stall Copper RallyThe recovery rally in copper has lost a little momentum this week with prices seeing a shallower, more laboured move higher. US Dollar weakness has been a strong...
Pound Soars on Strong PMI Readings
Better UK Data… AgainThe British Pound continues to storm higher against the Dollar this week. Against a backdrop of elevated Fed easing expectations, further positive UK data is casting uncertainty...
Oil Heavily Sold Despite USD Weakness
Crude Under PressureOil prices have been under heavy selling pressure over the last week with crude futures reversing sharply from highs around the $80 mark. Price is now testing the 72.61 level...
Why Isn't Bitcoin Moving?
BTC Stuck in The MudBitcoin prices have been largely muted over the last week. Despite the sell off in USD and the broad pick up in risk appetite, crypto assets have seemingly failed to benefit with...
Is USD Selling Overstretched Ahead of FOMC Minutes?
Dollar Decline ContinuesThe US Dollar has come under heavy selling pressure this week as traders prepare to receive the latest FOMC minutes later today, followed by comments from Fed chair Powell...
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