Analysis: June CPI Report’s Potential Impact on ECB Policy
The upcoming Eurozone Consumer Price Index (CPI) 0900GMT report is set to be a critical…
Gold (XAUUSD) July 04, 2024
Gold saw demand kick in early in European trade buoyed by demand from buy on dippers and the persistent geopolitcal tension. Poor releases out of the US merely served to underscore this bullish tone as it argues the potential for an early rate cut. Still the Fed is not known for reacting to single data…
GBPUSD July 2, 2024
Market players were largely caught off guard with how the dollar responded to a weak read in US ISM Manufacturing numbers, falling short of consensus at 48.5 against hopes of an improvement to 49.2, a contraction still yet less so. For today we have little of note coming out of the UK with market players…
Analysis: June CPI Report’s Potential Impact on ECB Policy
The upcoming Eurozone Consumer Price Index (CPI) 0900GMT report is set to be a critical factor in determining the European Central Bank’s (ECB) monetary policy direction. With internal divisions within the ECB and ongoing political uncertainties, the data will play a pivotal role in shaping future rate decisions. This preview explores the key points of…
Bitcoin (BTCUSD) July 02, 2024
Bitcoin players are facing an interesting dilemma the next fews days, follow historical cycles or be realistic and look at supply and demand. July is largely seen as a period of rebound for BTC if we are to look at charts. This however may be dampened by the Mt. Gox bankruptcy story which could flush…
The Week Ahead 7/01/2024: Back to the Fed and Inflation Metrics
As we embark on a new week in the financial markets, investors should be vigilant about several key issues that are poised to influence market dynamics. The US Federal Reserve’s interest rate outlook continues to be a significant driver of market sentiment, with recent data releases and hawkish rhetoric from Fed officials shaping expectations. Geopolitical…
Oil (Brent) July 1, 2024
Seasonal factors will likely be the main driver for oil over the next month or two, i.e. US driving season providing real demand for black gold. That said we will not discount the potential effects of monetary policy to this picture as an upcoming easing cycle may just convince people there will be good time…
EURUSD July 01, 2024
Right Wing politics appears to be good for the Euro with opening gaps against the rest majors Monday. Note elections in France saw Marie Le Pen’s far right National Rally headed for a slight majority suggesting French centered and anti-immigration politics, this appears to be inline with the growing strength of the right across Europe….
Gold (XAUUSD) July 1, 2024
Gold’s attempts at a rally has repeatedly faltered with geopolitics having limited impact absent any actual shooting among major powers. Hope’s that an easing cycle would provide a further lift has also been dashed as the Fed continue to sound hawkish bucking the trend among other central banks. Absent anything new to ignite demand we…
GBPUSD June 27, 2024
The British Pound was mostly weaker against the rest of the majors with the exclusion of the Yen as market players look for every excuse to argue an August rate cut and more. Though largely seen as second liner data the Confederation of British Industries Realized Sales figure came out sharply lower, contracting instead of…
EURUSD June 26, 2024
Euro’s consolidation continue amidst an absence of ground breaking news for either side. It may take something at the level of Thursday’s US Final GDP figures, consensus forecast at 1.4%, along with with a good read in the weekly claimant count to jogged things off the range play. Note that our bias is for an…
