BOE Meeting: GBP Pulls Back as Only Saunders Sticks to Hawkish Agenda
Bank of England votes 7-1 to keep asset purchases unchanged as Saunders sees inflation more persistent than others
Crude Oil Price Outlook: US Crude May Have Further to Fall
The price of US crude has fallen sharply so far this month and will likely drop further as traders shrug off heightened political tensions in the Middle East and concentrate…
EUR/GBP Testing Notable Support Level Ahead of BoE ‘Super Thursday’
EUR/GBP is again pressing down on an important support level at 0.8500 as the latest Bank of England (BoE) decision looms.
Bank of England Preview: How Will the Pound (GBP) React?
BoE to maintain policy settings, markets geared for a vote split on QE
Crude Oil, Energy Stocks Sink on Fed Commentary. WTI at Risk to Technicals
Crude oil prices and energy stocks weakened as investors worried about rising Covid-19 cases and rather hawkish commentary from the Fed. WTI may be at risk of bearish technical signals.
Gold Price Outlook: XAU Stumbles on Fed-Induced US Dollar Strength, NFPs Eyed
Gold prices fell after the Fed's Vice Chair fueled policy tightening bets, driving the US Dollar higher to XAU/USD's detriment. A Death Cross is undermining the technical view.
S&P 500 Falls on Weaker ADP Jobs Report, Hang Seng to Open Flat
Wall Street stocks pulled back broadly on Wednesday as a weaker private jobs report and viral resurgences dampened reflationary hopes. Crude oil prices plunged 3%. Asia-Pacific markets to open mixed.
US Dollar Outlook Bearish: Thai Baht Still at Risk as SGD, PHP, IDR Outperform
The US Dollar remains tilted lower against most ASEAN currencies with the exception of the Thai Baht. The Singapore Dollar, Philippine Peso and Indonesian Rupiah face their next tests.
Australian Dollar Outlook: AUD/USD Sinks on Fed Remarks as Trade Balance Eyed
The Australian Dollar was on the way up following this week's RBA rate decision. However, Fed commentary sent AUD/USD lower. Australia's June trade balance figures are in focus.
Brazil Central Bank Hastens Rate Hikes to Strangle Inflation, USD/BRL in Peril
Brazil’s Central Bank raises the Selic rate by 100 basis points to 5.25% and indicates that its baseline scenario includes quicker monetary tightening to tame inflation.