Gold Pushing HigherGold prices are on course to end the week firmly higher, bolstered by a weaker Dollar which fell as traders digested the latest Fed rate cut mid-week. Along with the .25% cut,...
GBPUSD Slips On Weak UK Data
UK Data DisappointsThe rally in GBP is stalling today after some weaker-than-forecast UK data this morning. The ONS reported that UK GDP fell 0.1% in October, in contrast to the 0.1% increase...
Dollar Drops On Fresh Fed Rate Cut
Fed Cuts AgainThe US Dollar is stabilising today after a sharp sell-off yesterday in response to the December FOMC. The Fed cut rates by .25% as expected and was a little more dovish than many were...
Crude Sliding on Ukraine Peace-Deal Speculation
Oil Under PressureOil prices are turning lower again through the back end of the week with crude futures firmly in the red on Thursday morning. The move comes amidst speculation that a Russia-Ukraine...
Bitcoin Recovery Losing Steam?
BTC Stalled For NowBitcoin prices are a little softer today again having reversed from the week’s highs on Tuesday. Position squaring ahead of the FOMC was the driver behind the pullback. However,...
Fed In Focus: Two-Way USD Risks Seen
USD On WatchThe US Dollar is on watch today as traders brace for the December FOMC meeting this evening. The Fed is widely expected to cut rates by a further .25% though it is unclear how dovish the...
Crude Lower Ahead of Fed
Fed On WatchOil prices are falling midweek as traders await the Fed rate decision tonight nervously. With risks that USD moves higher in response to any hawkish surprises tonight, risk sentiment is at...
Dollar Slides On ADP Job Losses
DXY Down DeeperThe US Dollar continues to depreciate as we head through the back end of the week. Yesterday’s ADP jobs release saw 32k jobs lost in November, starkly lower than the 7k forecast and...
US Stocks Higher on Rising Rate Cut Bets
Stocks Pushing HigherUS equities are on course to end the week higher amidst the dovish repricing in the Fed rates outlook which is helping bolster risk sentiment this week. The S&P is grinding...
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