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Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.

The Bank of Canada raised interest rates by 25 basis points to 5.00% and indicated that progress on the inflation front will slow going forward, a sign that the tightening…

US inflation fell more than expected with headline and core beating estimates. This may be a sign that the Fed are winning the fight but unlikely to deter the Central…

The Pound continues to garner strong support from the view that UK interest rates have much further to rise

Inflation expectations point to sustained higher prices to claw back losses at an impressive rate as signs of demand driven inflation and sustained wage growth appear

​​Outlook on FTSE 100, DAX 40 and Nasdaq 100 ahead of Wednesday’s U.S. inflation report for June.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.

The euro looks to US CPI for short-term guidance after which Fed and ECB speakers will provide their perspectives.

The US Dollar descent continued going into today’s much anticipated US CPI data point. The Japanese Yen has moved into the box seat with speculation of the BoJ shifting gears.

The usual cautious lead-up to the US CPI release has failed to deter risk appetite in Wall Street overnight, as major US indices pushed higher on strength in value sectors.