All eyes on the Fed
Without a shadow of a doubt, the main attraction of this week is the upcoming policy rate decision from the Federal Reserve later on today alongside the speech from the head of the central bank for gauging the trajectory of interest rates in the foreseeable future. As for the actual decision, the market has already […]
BoJ stands pat, Yen remains rangebound
Earlier today in the Asian session, Bank of Japan, as expected, kept its key short-term interest rate intact at the 0.5% level, at its highest levels since 2008, and noted that the return towards looser financial conditions is currently not appropriate, signaling that rates will most likely remain at this level for a prolonged period […]
Tensions aggravate across the Middle East
Crude oil futures remain elevated near the $70 per barrel area, attempting to consolidate most of Friday’s gains with traders maintaining their bullish outlook, fearing for further supply disruptions and the extension of the conflict. Conflict between Israel and Iran aggravated during the weekend with the two sides exchanging missile blows across their opposing energy […]
Crude spikes as Israel strikes Iranian nuclear sites
Crude oil futures soared by 13% in the early market hours today as news agencies reported that Israel has launched a mass military air strikes via warplanes on Iranian soil, targeting its nuclear facilities and ballistic missile sites, a move that escalates dramatically the odds for instability across Middle East. Isreal’s PM Netanyahu attempted to […]
Tariff talk update
US-China talks have concluded for now, with both parties agreeing to construct a formal, mutually beneficial framework that would honor the trade truce of the world’s largest economic superpowers. The United States pledged to hold new tariffs at 30%, maintaining at the same time its originally proposed 10% baseline tariff on all the imported Chinese […]
US CPI print to offer insights into economic impact
Without a shadow of a doubt the main attraction of the day is the final CPI print from the United States for the month of May, which will provide traders with additional clues as to how Trump’s tariffs impacted consumer prices, but more importantly how this piece of data could steer the Fed’s policy decisions […]
Sterling falters after weak labour growth
Earlier today the British Pound came under pressure, weakening to the $1.35 against the greenback as a fresh bout of labour market data showcased a notable slowdown reinforcing bets from money markets that the BoE will be inadvertently forced to reduce its policy rate further to avoid the knock-on effect on the nation’s growth. More […]