Market Overview

Gold’s recent rally has spawned bullish forecasts for the precious metal The 2-year Treasury yield is predicting a rate hike at Wednesday’s Fed meeting Will repercussions from last week's...

The UK struggles with rising political uncertainties after Theresa May lost majority in June 8 snap general election. According to latest news, the PM’s office admitted that she hasn’t...

Fed cannot wait to raise the interest rate in days, good time to sell EUR/USD?Result of UK election set for more volatility in GBP in short term, but medium-term outlook could be positive On Friday...

The US dollar is trading within its pre-weekend range against the major currencies as participants await the central bank meeting starting in the middle of the week. The Federal Reserve, Bank of...

NZD/USDToday’s support: - 0.7174 and 0.7157 (main), where correction is possible. Break would give 0.7132, where correction also may be. Then follows 0.7112. Break of the latter would result...

May’s reshuffle haunted by ghosts of the pastThe Conservative Party’s failure to secure a workable majority last week is, unsurprisingly, still all that markets are talking about. Theresa...

UK BOE Interest Rate Decision is not likely to surprise the market. However, with the current situation in UK worsening, it’s anyone’s guess whether or not the BOE will decide to act, but...

UK Retail Sales should be a good release today but I don’t know how much the market will be willing to trade it was the BOE rate decision is just under a few hours.Of course, if we get a strong...

US FOMC Interest Rate decision is one of the main focuses of the week, along with BOE’s and BOJ’s rate decisions, but of course as far as market moving and the level of impact is concern,...

US Core Retail Sales is a high impact tradable release but since it is scheduled to be released with the Core CPI, market will undoubtedly look at both releases and since CPI is directly monitored by...

US Core CPI is expected to rise to around the 0.2% once again this month, and of course, anything short of a strong miss in today’s reading, I seriously doubt the Fed will halt their rate hike...

UK CPI y/y release could provide some directional momentum for this week’s BOE rate decision as there is already a dissenting member (vote count 7-1) in keeping the rates unchanged at the...

Theresa May's position has been clearly weakened. Still, it is not easy for the Conservative to get rid of her now, as the Brexit negotiations are still set to start soon and a leadership context will...

Market movers today Today is a very quiet day in terms of economic data releases. We get Danish CPI for May, which we expect fall to 0.9% y/y from 1.1% in April due to a reversion of package holiday...