The Bank of England is widely expected to hike rates to 0.75% today, which would be its third straight rate rise. The market sees another six more quarter point moves this year taking rates above 2%.UK inflation is potentially set …
The US Federal Reserve is expected to raise interest rates by 25bps at its meeting this evening. Soaring inflation should counter any uncertainty over the Ukraine crisis, with a first hike since 2018. The chances of a bigger 50bp move …
One step forward, two steps back it seems. The fog of war, questionable ceasefire talks plus plunging Chinese stocks means more whipsaw price action this week. While oil is back to flat on the month after gains of 38%(!), the …
Markets have started the week on the front foot as risk appetite continues to enjoy more positive geopolitical headlines regarding the Ukraine crisis. Commodities are selling off with Brent crude plunging and now approaching $100. The euro, and sterling to …
Risk appetite is rebounding again today after this week’s whipsaw price action. As we wrote yesterday, big rebounds are inevitable during times of high uncertainty and volatility. We also added that previous rallies like the one seen on Wednesday in …
The huge risk-on move seen yesterday in markets looks fragile. Big rebounds are inevitable during times of high uncertainty and volatility. And previous rallies like the one seen yesterday in stock markets typically haven’t signalled a turning point in the …
It’s very much risk-on today as assets hammered by the Ukrainian conflict retrace some of their losses. Whether the better sentiment lasts is the main issue. But the oversold euro especially was due a bounce on numerous indicators. Not surprisingly, …
USD/JPY appears to be forming an ascending triangle, which is a major continuation pattern. Prices should typically break out in line with the dominant longer-term trend that has been in place prior to the pattern forming. We can see that …
Gold, the ultimate safe haven asset, made a new cycle high at $2,002 earlier today. Investors sought the refuge of the precious metal, “the currency of last resort” as Goldman Sachs called it. The melt-up in energy and commodities was …
The pound has suffered this week even though it is faring better than its battered European counterparts like the euro and Swedish krona. Indeed, EUR/GBP has made new cycle lows today as buyers try to defend the prior February bottom …
