If anything it done, it would be clarification on incidental objects Spoke to the USTR this morning, we’ll see if there’s a narrowing He also weighs in on the Fed chair drama involving Senator Tillis, who might want to block the nomination of Kevin Warsh i.e. Trump’s pick to replace Powell. We’ll see where the probe goes Tillis wants…
United Kingdom CFTC GBP NC Net Positions: £-25.8K vs previous £-13.9K
The process of disinflation is intact and not complete We need to maintain monetary policy restrictiveness Core inflation is falling again after having stalled I hope inflation expectations will fall with slowing inflation Underlying inflation should be the focus of policy Disinflation is not as rapid or convincing as hoped Underlying inflation looks more like 2.5%, not 2% Monetary…
GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.
US CPI preview: Headlines: Markets: Dollar slightly firmer; USD/JPY up 0.4% to 153.30, AUD/USD down 0.5% to 0.7055 European indices slightly lower at the balance; S&P 500 futures down 0.2%, Nasdaq futures down 0.2% Precious metals recover slightly after a quick and sharp drop yesterday Gold up 1.0% to $4,969, silver up 3.0% to $77.40 Oil down on report…
GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.
It’s a mixed up week with non-farm payrolls already passed but CPI scheduled for today. It’s a big one as it could re-frame the debate about how many rate cuts are possible. Notably, despite the strong non-farm payrolls on Wednesday, the market isn’t convinced the Fed will hold. Year-end pricing for rate cuts is up to 59 bps from…
GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.
It might be the result of a brutally cold winter so far but Canadian consumer spending dipped in January, according to the latest spending tracker from RBC. Using cardholder data, Canada’s largest bank indicated that spending fell across discretionary goods, services and essentials in the month. The bank downplayed the decline, noting that it came after a particularly strong…
GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.
