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FTSE Falling As Bailey Highlights BOE Inflation Concerns

Bailey Admits Mistakes Bank of England governor Andrew Bailey has come under fire over comments made during a speech yesterday where he admitted that the BOE had made mistakes over its response to...

NZD Tanks As RBNZ Signals End of Tightening Campaign

RBNZ Hiking Finished The New Zealand Dollar is falling sharply today on the back of the latest RBNZ meeting overnight. Despite the central bank hiking rates by a further .25%, the sell-off emerged as...

GBP Firmer As Sticky Inflation Keeps Pressure On BOE

Headline CPI Drops But Not As Much As ExpectedThe latest UK inflation data today offered some hope for consumers. Headline CPI was seen dropping back to 8.7% last month, down from 10.1% the prior...

Tesla Shares Rally On Back Of Powell Comments

Tech Stocks Boosted by Powell Shares in Tesla are trading higher ahead of the open today. The stock is benefiting from a combination of factors currently. Dovish comments from Fed chairman Powell on...

Metals Down From YTD Highs But Is Recovery Coming?

Will Metals Rally Again Following Powell Outlook Shift?Both gold and silver came under heavy selling pressure last week amidst a fresh round of strength in the US Dollar. The DXY was seen printing...

Bullish Bitcoin Risks As Powell Backs Slower Tightening

Powell Comments Supporting CryptoComments from Fed chairman Powell on Friday have fuelled fresh hope for Bitcoin traders. Powell was seen voicing his support for a slower pace of tightening,...

JPY Rallies On Fresh Inflation Jump

Inflation Rise Puts Fresh Focus on BOJJPY is seeing better demand today on the back of the latest CPI figures released overnight. National Core CPI was seen rising to 3.4% last month, above the prior...

Dollar Higher on Debt Ceiling Optimism & Fed Hawkishness

USD Short-Squeeze ContinuesThe Dollar was seen breaking out to its highest levels in six months yesterday as debt ceiling optimism and hawkish Fed sentiment combined to drive support for the DXY. With...

DAX Testing All-Time Highs

DAX Trades Higher on Debt Ceiling ReliefThe DAX broke out to its highest level since January 2022 yesterday as optimism over an expected US debt ceiling deal helped drive bullish sentiment in stocks....