Blogs

<p>For some context, the odds of a May rate cut were around ~69% coming into today and traders had fully priced in the first BOE rate cut for June this year. Right now, the former has dropped down to ~45% while the latter is only ~96% priced in. This is helping to give the pound […]

<ul><li>We need to see evidence of the most persistent elements of inflation, services inflation in particular, easing back</li><li>In terms of policy-setting, we need to look past short-term trends</li><li>Services inflation might be much stickier in the months ahead</li><li>Hopes lower inflation wil

<ul><li>The level of bank rate remains appropriate</li><li>It isn't as simple as seeing inflation return to target in the spring and calling the job done</li><li>But things are moving in the right direction</li><li>We have to keep monetary policy sufficiently restrictive for sufficiently long<

<ul><li>Prior 34.82k</li></ul><p>The number may seem high but it does perhaps reflect a slight seasonal pattern. The 82,307 job cuts here are lower than the 102,943 job cuts announced in January last year – which was the highest January total since 2009.</p> This article was written by Justin Low at www.for

<p>USD</p><ul><li>The Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.</li><li>Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a rate cut in March is n

<p>Heroes of Mavia, a groundbreaking Web3 AAA mobile base builder strategy game, is now available on iOS and Android app stores. This launch marks a new era in gaming, merging the thrill of strategy gameplay with the innovative aspects of Web3 technology.</p><p>After a successful private beta period of three months, which attracte

<p>This was already expected after the report from last week here:</p><ul><li><a href="https://www.forexlive.com/news/opec-reportedly-likely-to-wait-several-weeks-before-deciding-on-oil-output-policy-20240126/" target="_blank" rel="follow">OPEC+ reportedly likely to wait several weeks befo

<p>GBP/USD is trading at the lows for the day amid a firmer dollar, though the pound is also lagging slightly against the rest of the major currencies bloc. The pair is down 0.4% to 1.2628 but remains stuck in a consolidative range in the bigger picture:</p><p>That could very well change in the aftermath of the […]

<p>Yesterday, the US100 sold off into the close as the Fed came out a bit more hawkish than expected. In fact, not only the statement contained a line that hinted to a pushback against the March cut, but also Fed Chair Powell doubled down saying that a March cut was not their base case. All […]

<ul><li>Prior 6.4%</li></ul><p>The Eurozone unemployment rate keeps steady to end last year and reaffirms that labour market conditions are still holding up well in the region. For some context, the jobless rate in December 2022 was at 6.7%.</p> This article was written by Justin Low at www.forexlive.com.