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GBP/USD crashed to a record low and then bounced Fears over mismanagement of UK economy high, but will BoE act? Volatility means lots of trading opportunities for short-term speculators The pounding...
Actions and reactions. That is one way to sum up the week that was in the markets, as events – both big and small – reverberated through Wall Street and beyond.First, yesterday’s...
After a busy week for central banks, nothing has changed to alter my bearish outlook on the stock markets. I continue to expect to see new lows on the year on the major European and US indices. The...
The FOMC meeting may get the headlines this week. Still, with interest rate futures pricing 65bp of hikes this week’s BoE meeting - essentially a 40% chance of a 50bp hike and 60% of 75bp...
Everyone had the US CPI print on their radar as the marquee risk event of the week, and it proved to be just that. There has been a sentiment shift, and the psychology of the market has changed -...
Gold continues to be undermined by rising dollar and yields Rising interest rate expectations reduce appeal of zero-yielding assets Metal is testing key support, but it could break it this time Gold...
US Dollar could weaken on profit taking in light of poor data All eyes and ears on Jackson Hole and Powell speech on Friday Bullish engulfing at prior lows points to at least a short...
EU attempting to revive Iran nuclear deal with market staying pessimistic Crude prices could rebound from oversold conditions but stay off 2022 highs Both Iran, US likely looking for 'win' or...
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