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European Open: GBP/AUD eyes the April low ahead of BOE
The pound is looking increasingly vulnerable against the Australian dollar despite the prospects of a 25-bps hike from the BOE today.
Asian Open: Inflation measures and commodities continue to soar
Whichever metrics of inflation we look at, it is hard to argue there isn’t more inflation set to come our way whilst commodities continue to rally.
Asian Open: US dollar rises for a sixth day, positive lead from Wall Street
It’s been a decent week for the dollar, but there is the potential for mean reversion as we head towards the weekend with 100 resistance looming.
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European Open: The pound perks up ahead of inflation data
UK inflation is expected to rise to 6% y/y today, and if we’re to see a strong inflation data set overall it could revive hopes of a less cautious BOE regarding future hikes.
European Open: Sentiment remains buoyant, bear flag on GBP/AUD
With the exception of China, Asian equity markets tracked Wall Street higher overnight after Jerome Powell effectively removed concerns of an aggressive rate hike path.
Asian Open: Worst day for ASX in 17-months, GBP/AUD breaks it down
A turbulent day across global equities made for a painful day in Asia, although Wall Street posted a sharp reversal heading into the close.
European Open: Goldman Sachs expect seven hikes from the Fed this year
Volatility was surprisingly well contained overnight, given the rising levels of it leading into the US close. Do we simply move on, or is it the calm before the storm?
European Open: Lira today, ErdoGONE tomorrow
The Turkish Lira hit fresh new lows overnight as President Erdogan fired his Finance Minister (for opposing rate cuts, along with everyone else).
European Open: China Manufacturing PMI crawls out of contraction
At 50.1, the headline PMI read is not exactly setting the world alight, but it was above expectations and shows the sector expended.
European Open: Equities broadly lower, GBP/AUD breaks out
US markets are closed just after lunch today. But that is not to say it will be a dull session if price action overnight is anything to go by.
European Open: Has GBP Gone Too Far, Too Fast?
Maybe, although it depends on the pair. But we suspect GBP/AUD could be in for some mean reversion, given the technical levels it stalled at overnight.
Asian Open: Wall Street Higher on Positive Earnings and Economic Data
We look on track for a strong close this week for equity markets, further cementing our view that their corrective lows were printed earlier this month.
AU jobs report and BOE leave GBP/AUD in a precarious spot
Data-starved traders finally got some much needed morsels to chew on, namely the AU employment report in today’s Asian session and this morning’s BOE “Super […]
GBP/AUD: Why this week’s price action may set the tone for the rest of the year
US traders are eagerly counting down the hours until the much-awaited Thanksgiving holiday, but our readers should is still a busy economic calendar between now […]
GBP/AUD: Will Sterling shine on this Super Thursday?
Today is called Super Thursday. That’s because at noon, the Bank of England will make a decision, for the lack of a better word, on […]
GBP loses its mojo as UK recovery slows
The cost of holidays for Britons escaping the winter could become more expensive as a slowdown in domestic economic growth pushes out the Bank of […]
GBP/AUD: What Would Yogi Do?
The inimitable New York Yankees catcher, Yogi Berra, passed away today. Beyond his impressive baseball record, including 10 World Series rings and three Most Valuable […]
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GBPAUD: Bulls in Control Ahead of “Super Thursday” Shenanigans
As my colleague Kathleen Brooks noted earlier today in her in-depth preview, tomorrow is a major day for the British pound (see “Bank of England: […]