US Open– 22 June 2023 (Video)
Watch today’s US Open for insights on the forceful rate hike by the bank of England, Fed Chair Powell’s Congress testimony and more
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Watch today’s US Open for insights on the forceful rate hike by the bank of England, Fed Chair Powell’s Congress testimony and more
Wednesday’s increase in core inflation forced the UK central bank to a more forceful 0.5% increase today and although it did not commit to more tightening, backing down looks very hard
The pair rose on Wednesday helped by Mr Powell’s Congress testimony, which cemented the policy divergence between the Fed and the ECB, but trades with caution today
USOil rose on Tuesday after the central bank of China cut key short-term policy rate and inflation in the US decelerated, cementing market expectation for a hold by the Fed today
Watch today’s US Open for insights on the status quo US inflation report ahead of the Fed’s pivotal policy decision, the strong jobs report from the UK that keeps pressure on the Bank of England for further monetary tightening and more
Today’s employment report showed an increase in wages in the UK, which keeps pressure on the bank of England for further monetary tightening , sending the pair higher, but US inflation and Fed decision loom
The PBoC lowered a key short term policy rate in order the help the country’s economic recovery, following a series of disappointing economic data, while the CHN50 finds some support
The pair is constrained at a critical technical region as markets brace for pivotal policy meetings by the US Fed and its European counterpart later this week
Amidst an uncertain monetary outlook, the US Fed announces a pivotal policy decision. Recent commentary point to a possible hold, while keeping further tightening in play as inflation is far from target and the labor market remains strong
The commodity trades with caution, as today’s data from the world’s largest oil importer, showed only a slight uptick in consumer inflation and a steep drop in factory prices in May
Watch today’s US Open for insights on the Bank of Canada decision to restart rate hikes, Eurozone’s unexpected first quarter contraction and more
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