Fed trims rate cut bets as inflation forecast rises. USD reclaims ground on hawkish projections, while US equities rally on lower yields despite hotter inflation outlook
US CPI posted encouraging figures, acting as a release valve for the dollar and lingering concerns of accelerating price pressures. This is how major assets shape up pre-FOMC
The latest US CPI report missed all market forecasts and sent the US dollar index spinning lower. Later today, the FOMC meeting and economic projections.
UK growth flatlined in April, adding to the woes of yesterday's concerning jobs data. GBP/USD will be data dependent today as markets await crucial US CPI and the FOMC forecasts
Today’s US inflation data for May and the latest FOMC policy decision, including the quarterly Summary of Economic Projections, will be the drivers of market price action over the coming…
Risk markets are on the backfoot as US trading starts, with European indices continuing this week’s move lower. Gold has stabilized and is using chart support to push higher.
The risk gauge for EU bond markets (periphery bond yields) have risen since French President Macro’s announcement to hold parliamentary elections, weighing on the Euro
While the Dow continues to struggle, the Nasdaq 100 is back at its previous peak. The Nikkei 225 has made a solid start to the week and is looking to…