Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
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Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
The US dollar (DXY) managed to hold onto key support at 102 despite lower-than-expected year-over-year (YoY) CPI dat
WTI oil prices hit fresh YTD highs on Wednesday, despite a higher-than-expected inventory draw.
GBPUSD continued to drop on Thursday following yesterday's beat in US ADP data. The overall strength of the USD, as well as expectations that the BoE will hike rates by 25bps today, weighed on Sterling.
Equity futures traded cautiously on Wednesday following an announcement by Fitch that they have downgraded US credit to AA+ 'stable' from AAA 'negative'.
US10Y are back above 4% and pulling the USD with it, unlike the rest of the market that is being left in its wake.
The FTSE 100 index continued to outperform other equity markets on Thursday, rising 0.3% to 7,240.4 points. The index is now up 1.6% for the week.
The British pound (GBP) is trading at the bottom of the pack against its major rivals on Monday, as investors continue to worry about the UK's economic outlook.
Equity futures are holding steady as markets prepare for more Q2 earnings to hit the wires.
Yesterday, the bond market experienced a significant surge in volatility, as indicated by the MOVE index, which measures bond market implied volatility.
In this article, we will delve into the significance of each data point and discuss how they could impact the foreign exchange (FX) markets.
With the quarter and month end coming to a close, expect some volatility as books are rebalanced.
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