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Signs of picking up US economic activity and inflation in the new year have fueled hawkish rhetoric from Fed officials. Yesterday it was the Fed’s Mester and Bullard’s turn to once again put forward the idea of a more aggressive 50 basis point rate hike. Barkin and Bowman are also speaking today, and most likely […]
Yields Rising Quickly US yields are surging higher once again this week on the back of a recent string of better-than-forecast US data which has thrown the ‘Fed pivot’ narrative into turmoil. With jobs data coming in well above forecasts, inflation jumping again last month and retail sales bouncing back to their highest level in […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleGBPUSD, H4 | Potential retest on the overlap support TypeBullish Rise Preference:Looking at the H4 chart, my overall bias for GBPUSD is bullish. Looking for a buy entry at 1.19189 where the […]
Yesterday the picture in the crypto market was such impressive! On Friday, the BTC still looks strong, preserving weekly growth of 8%. The leading cryptocurrency is now trading at 23,763 USD. So, great news is that the BTC is holding above the important support level of 21,500 USD. After the situation on the platform stabilised, […]
EURUSD falling has sped up. The current quote is 1.0640. Yesterday investors got one more confirmation of an increase in the US inflation pressure, and they expressed it enthusiastically. The PPI in January grew by 0.7% m/m instead of 0.4% and after a decline by 0.3% m/m. As for the decline year-by-year, it turned out […]
Daily Market Outlook, February 17, 2023 Fed Hawks Weigh On Risk Appetite As Investor Risk Sentiment Sours Asian equities declined as US producer price inflation and hawkish Fed rhetoric weighed on investor appetite into the weekend. Treasury yields ascended with the 10yr yield approaching 4% as markets reprice US rate expectations towards three further 25bps […]