“The pair thrust higher as UK economy show signs of recession.” Pound sterling bow towards immense pressure as UK Office for National Statistics reported gloomy employment data. A significant shortfall could be observed on Claimant Count Change as it reduces by -19.7K versus forecast of -49.4K. Likewise, Unemployment Rate suffered further setback as it ticks View more

“The market is over-confident that inflation has peaked.” Greenback hovers near 20-years peak as investors brace themselves for yet another policy meeting from the Federal Reserve. According to data, futures show expectations for up to 200 basis point rate hike by September, supplementing extensive support for US Treasury to remain at its peak. Divergence in View more

“Inflation continues to hover near 40-years high as supply chain remains tight.” Investors poured into the greenback, soaring to four-week high last Friday as latest data from US shows accelerated consumer prices. According to BLS, Core Consumer Price Index (CPI) was up 0.6% last month, slightly higher than forecast of 0.5%. The data sparked speculation View more

“ECB to raise rates substantially rather than drastically.” European Central Bank’s (ECB) latest policy meeting was rather disappointing, with EUR/USD plummeting more than 100 pips after the fact. In the announcement, ECB decided to raise interest rates in July, but to do so with only 25 basis points increment. The decision was perceived as dovish View more

“Traders pour into greenback ahead of this week’s key US data.” Australian dollar remained pressured during Asian trading session as market focus shifts towards the greenback. Earlier, White House spokeswoman Karine Jean-Pierre commented that they are expecting elevated inflation due to ongoing supply chain issue. Her comment came in line with recent data from St. View more

“Kuroda stressed their commitment towards maintaining current stimulus.” We witness yet another day of Japanese Yen’s weakness, with pairing of GBP/JPY hitting its highest level in 2 months. Yen was offered heavily in the market due to increasing divergence in between Federal Reserve and Bank of Japan policy guidance. Yesterday, BoJ Governor Haruhiko Kuroda emphasized View more

“Higher demand for greenback after Nonfarm Payrolls report.” Market bulls regained their control over the greenback as investors react positively towards latest employment data from the US. According to BLS, US economy has added 390,000 new jobs last month, exceeding consensus forecast of 325,000. However, the data is significantly lower when compared to April’s reading, View more

“The data suggests slower labour growth in months to come as financial condition tightens.” Greenback erased its previous gains as recent economic data reinforced risk seeking sentiment among market participants. According to ADP, US Nonfarm Employment Change came in at 128,000, significantly lower when compared to consensus of 300,000. The data has jeopardized bullish speculation View more

“Tightness in the market may prompt Saudi to increase their oil production.” Crude oil price extended its pullback on Thursday, ahead of key meeting among producers later in the day. According to reports, some economist speculated that Saudi Arabia may increase their oil production in response to urging repeated calls from the United States. The View more

“EU leaders agree to ban 90% of Russian oil by year end.” Risk aversion began to pick up during Asian trading session as economic conundrum emerges in the European Union. According to reports, EU leaders have agreed to ban oil imports from Russia. The move is enforced to cut off revenues from oil sales that View more