mordor

Headline CPI was restrained by muted food inflation, weaker energy prices, but core CPI inflation picked up to the fastest pace year-to-date, driven by reaccelerating services costs but held back partly by subdued goods inflation, UOB Group's Senior Economist Alvin Liew notes. US headline and core i

The Bank of England has struck a hawkish surprise. Market participants had braced for no more than a couple of dissenters in favour of no change, and it's safe to say that the razor-thin 5-4 vote has turned a few heads. As many as four of the committee opted for no change (Greene, Lombardelli, Mann

USD/CAD trades on a flat note around 1.3740 in Thursday’s early Asian session.Increased expectations of a Fed rate cut might weigh on the US Dollar. Traders will closely monitor the nominations for the next Fed Chair. The USD/CAD pair holds steady near 1.3740 during the early Asian session on Thursd

EU mid-market update: No news is good news; Markets creep higher as earnings drives on; Sharp rise in OpenAI's valuation helps tech stocks despite AMD's costs rise. Notes/observations - European indices and Asian equities trade higher, led by Japan and a third day of gains in Hong Kong. Economic dat

The EUR/USD pair edged lower on Tuesday, dipping to 1.1556 amid subdued trading activity. Market participants are cautiously assessing the latest trade signals and recalibrating their expectations for monetary policy. Trade tensions resurfaced as US President Donald Trump threatened India with steep

The price of Gold snapped a 4-day losing streak in today’s session, as markets prepared for tomorrow’s Fed meeting. On Wednesday, the Federal Reserve will meet, with the central banks expected to keep interest rates unchanged. This comes despite data showing that job openings in the U.S. fell more t

The US dollar is up 0.75% against the euro and 0.5% against a trade-weighted basket of developed country currencies. The euro took a hit after the trade agreement between the EU and the US. The agreement shifts the balance of cash flow towards the US, which benefits both the dollar and the stock mar

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the July policy meeting and responds to questions from the press. Key quotes "Decision was unanimous." "Risk assessment was broadly shared." "Widely shared that we have to wor

EU Mid-Market Update: Main catalyst from earnings as ECB decision set up to be a dud; More significant events next week; Intel reports after close. Notes/observations - Bullish appetite continues surging, with US futures rising higher after the close as earnings supported confidence. Tailwinds from

Gold price slips as risk sentiment improves on trade optimism.FT reports US–EU nearing 15% tariff deal; Navarro urges skepticism over leaked terms.US housing data disappoints; traders eye Jobless Claims and Durable Goods next. Gold price drops below $3,400 on news that the United States (US) and the