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Fundamental Analysis

Crude Steady Following Fresh EIA Deficit Data
Crude Steady Following Fresh EIA Deficit Data

Fresh Inventories Deficit SeenCrude prices continue to hold within last week’s range as the latest EIA inventories yesterday failed to provide the catalyst for a fresh directional move. The EIA...

Is the Global Disinflation Wave Gaining Momentum? UK and US Inflation Data Suggest Yes
Is the Global Disinflation Wave Gaining Momentum? UK and US Inflation Data Suggest Yes

GBPUSD experienced a rapid decline on Wednesday after the release of British consumer price data, revealing an unexpected drop in core inflation from 7.1% to 6.9%. It became evident that disinflation...

Meta Rallies As ChatGPT Rival Launches
Meta Rallies As ChatGPT Rival Launches

Lllama Launch Drives Shares HigherShares in Meta are trading higher ahead of the US open today as investors respond to the launch of the group’s ChatGPT and Bard rival, Llama. An AI competitor has...

Bitcoin Yet To Capitalise On USD Sell-Off
Bitcoin Yet To Capitalise On USD Sell-Off

Bitcoin Rally StallsDespite the heavy sell-off in the Dollar last week, Bitcoin was unable to capitalise on the move and breakout above the 32185 resistance level.  Instead, we’ve seen BTC futures...

Stickiness in Eurozone CPI Keeps Hawkish ECB Expectations Alive
Stickiness in Eurozone CPI Keeps Hawkish ECB Expectations Alive

Core CPI RisesThe final eurozone CPI readings for June, released today, confirmed headline CPI at 5.5%, as expected. However, core CPI was once again seen rising slightly to 5.5% from 5.4% prior....

FTSE Soaring As BOE Rate Bets Cool On Falling Inflation
FTSE Soaring As BOE Rate Bets Cool On Falling Inflation

FTSE Higher As CPI FallsThe FTSE is seeing a wave of strong buying today in response to the latest UK inflation data this morning. UK CPI was seen falling last month, with headline CPI cooling to 7.9%...

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AUDUSD Falls On Mixed RBA Minutes

RBA Cites Fresh Economic FearsThe Australian Dollar has been a little softer on the back of the latest meeting minutes, released overnight. The minutes revealed that while most members agreed that...

Gold Higher Ahead of US Retail Sales
Gold Higher Ahead of US Retail Sales

US Retail Sales Up NextLooking ahead today, US retail sales will be the main data event to focus on. With Fed expectations having shifted materially in recent weeks, USD is now subject to downside...

Downside EURUSD Correction Stalls but US Retail Sales Data Points to Dollar Strength
Downside EURUSD Correction Stalls but US Retail Sales Data Points to Dollar Strength

The US stock market closed in the green on Monday, helping to stabilize sentiment on Tuesday. The decision regarding the rebalancing of the Nasdaq index had no unexpected consequences, which itself...