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Here is a comparison of the before and after:A 50 bps rate hike for tomorrow is now seen at roughly 55%, outpacing that of a 25 bps rate hike based on OIS pricing. There's nearly 75 bps worth of rate hikes priced by August and that says that we're now staring at the...

GBP/USD 1-minute chartCable jumped up to a high of 1.2802 but quickly fell back to pare all of the quick gains in a fall to 1.2765 currently. As mentioned earlier:"Based on OIS pricing, a 25 bps rate hike is 100% priced in for this week and I don't see that changing...

Headline annual inflation was unchanged in May at 8.7%, beating estimates, but core annual inflation is seen jumping again to above 7% and here's how that looks:UK core CPI y/y (%)Food prices continue to stay elevated with the annual reading seen up by 18.4%, just...

Prior +8.7%Core CPI +7.1% vs +6.8% y/y expectedPrior +6.8%There is a slight delay to the data release but the pound is moving higher right off this initial headline. On the month, headline inflation increased by 0.7% and that is higher than the 0.5% estimated as well....

The dollar is holding its ground after last week's fall and equities are struggling slightly as there might be a bit of a risk rotation in play ahead of month-end and quarter-end. That is certainly keeping markets guarded and will make things a bit tricky to navigate...

Gold (XAU/USD) daily chartWith there looking to be a risk rotation in play (perhaps ahead of month-end/quarter-end), gold is failing to find much comfort despite lower bond yields. The yellow metal dropped by 0.7% yesterday but more importantly, it took out a key...

Session wrap Forex news for Asian trading on Wednesday, 21 June 2023 <!--> Eamonn Sheridan Wednesday, 21/06/2023 | 02:55 GMT-0 21/06/2023 | 02:55 GMT-0 --> Offshore yuan slid a little further again during the session, with USD/CNH rising briefly just over...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Westpac-Melbourne Institute Leading Index for May 2023, main points made by WPAC on their data:The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine...