Day: February 17, 2023

BTC Spikes Higher Following a slump over recent weeks, Bitcoin has regained upward momentum this week, breaking out to fresh 2023 highs. The move comes despite an uptick in US regulatory action against the crypto sector including exchanges and staking companies. Yesterday’s almost 10% rally marked the largest single-day increase for Bitcoin in over six […]

Oil Still Stuck in Range for Now Oil prices have seen a much quieter week so far with crude futures holding within last week’s range for now. A stronger US Dollar has caused some downside pressure in crude this week though prices appear to be recovering nicely on Thursday. We’ve been without a COT update […]

Inflation Falls Again Yesterday’s weaker-than-forecast UK inflation reading has put the emphasis back on a BOE pivot. On the back of the BOE’s most recent .5% hike, taking rates to their highest level in 14 years, market pricing has swung in favour of a smaller .25% hike at the upcoming March meeting. The BOE has […]

The dollar index continued to rise on Thursday and broke through the 104 level. The dynamics of economic activity in the US continues to surprise this quarter, which allows the Fed to remain hawkish and keep short-term yields in the US unchanged. Today’s data calendar is not particularly remarkable, but several speakers from the Fed […]