Three major events of the week ahead that certainly deserve our attention are the ECB, Bank of Canada and Bank of Japan policy meetings. Preliminary data showed that inflation is accelerating in all...
Bank of Russia Hikes Interest Rate and Signals More is Ahead
The Bank of Russia lifted its key policy rate by 0.75 percentage points, from 6.75% to 7.5% on Friday. This is the sixth rate hike in a row: last time the Central Bank raised it by 0.25 percentage...
Cost Inflation in the UK Increases the Risk of BoE Hawkish Move in November
The UK’s pace of recovery increased in October, showed the indices of activity in the service and manufacturing sectors. Both PMI readings beat forecast by several points. Looking under the hood of...
UK PMIs Put Focus Back On BOE
BOE In FocusThe latest round of UK data released today has thrown a spanner in the works once again for those attempting to gauge the BOE’s next steps. The October flash services and manufacturing...
FOMO Friday: Turkish Lira Collapses
Lira Goes LocoThe Autumn is well and truly here in London, with the days getting shorter and the air getting colder. However, at least we had plenty of hot action in the markets this week to keep us...
Is Correction Overdue in the Oil Market?
Oil market got a boost of optimism on Wednesday, which helped WTI quotes to test the $84 mark, for the first time since 2014. The catalyst for the move was a positive EIA report. Crude oil inventories...
Are Dark Clouds Gathering Over GBP?
BOE Rate Hike Expectations WeakenAn escalation in BOE rate hike expectations has been a major driver of GBP upside over the last month. Strong data from the UK coming out of the summer, accompanied by...
The Crude Chronicles - Episode 111
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions by a further 6,469 contracts. This latest increase takes total...
The Dollar Upside is Limited but Remains Possible as Bulls Stand Firm
The dollar is shrugging off a wave of shorts that led to decline of the US currency index from 94.00 to 93.50 area on Tuesday. The decline has been countered with vehement opposition of bulls as early...
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