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It is all about the reaction to the US CPI data yesterday and for now, markets are looking calmer so far today. The dollar dropped heavily and may look to be challenged further, with EUR/USD leading the charge as seen here. Meanwhile, equities look poised to extend...

The US CPI data yesterday can be characterised more about the reaction rather than the data itself I would say. But if anything else, it shows the kind of bias and positioning that markets are leaning towards at the moment. The relief from all the inflation angst and...

The market took to the US CPI data as saying that the Fed is done with rate hikes and with inflation gradually tracking lower, it means that we could even see rate cuts on the horizon. The shift in pricing here outlines that sentiment and is a key reason why equities...

EUR/USD daily chartThe dollar suffered quite a heavy meltdown in trading yesterday and there are some key levels to take note of in the charts right now. EUR/USD in particular is seeking a stronger rebound after bottoming out in early October, as it climbed back above...

After a quiet start to the new week, the reaction to the US CPI data yesterday was certainly a banger. The dollar crumbled while stocks rallied hard, with the latter reaffirming the technical breakout from the end of last week. Meanwhile, bonds also rallied strongly...

The US House of Representatives passed a stopgap funding bill to avert a US government shutdown that’ll now proceed to the Senate, where it is also likely to pass. The Bill contains no spending cuts and sailed easily through the chamber winning 336 to 95:209 Democrats...

China's youth jobless rate hit a record high of 21.3% in June. This prompted Chinese authorities to stop publishing the rate, and sure enough, we've heard no more on it since then. Today, though, National Bureau of Statistics (NBS) spokesperson Liu Aihua said China...

The activity data is centred on 3 indicators: industrial production, retail sales and fixed asset investment.A beat for retail sales (a consumption indicator rising is good news for China)service consumption grew at a faster pace than goods consumptionA beat also for...

A piece in Dow Jones / Wall Street Journal media on Citgroup's Brent oil forecasts for next yearproject $73/bbl price for Brent by Q2 2024 and an end 2024 forecast at $68/bblCiti do warn though that there is potential for explosive price gains should there be a polar...

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,...

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,...

A slight beat for the y/y result while the q/q is in line. At +1.3% the q/q is the strongest quarterly growth rate in this data series' 26-year history private sector wages +1.4% q/qpublic sector +0.9%The Reserve Bank of Australia (RBA) anticipated that aggregate wage...