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British Pound retreats as sticky PCE revives Fed hike bets

Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed that prices remained elevated, increasing the chances of seeing a rate hike by the Federal Reserve (Fed) towards the e…

3 min read

Dow Jones Industrial Average ignores a revision made of inflation

The Dow Jones Industrial Average trades a shade beneath 53,500 and roughly 100 points lower on the session, after a 12:30 GMT data drop the wires filed as uneventful. July core Personal Consumption Expenditures (PCE) pr…

7 min read

Dollar Rises on US Economic News

The dollar index (DXY00) is up by +0.23% today. The dollar is moving higher today on signs of strength in the US economy after July personal spending and income rose more than expected and Q2 personal consumption was re…

4 min read

Wednesday's ETF Movers: MLPX, SGDM

In trading on Wednesday, the Global X MLP & Energy Infrastructure ETF is outperforming other ETFs, up about 2.3% on the day. Components of that ETF showing particular strength include shares of DT Midstream, up about 4.…

1 min read

New Zealand Dollar dips, but RBNZ hike bets provide safety net

NZD/USD retreats to around 0.5940 on Wednesday at the time of writing, down 0.60% on the day. The New Zealand Dollar (NZD) loses ground against the US Dollar (USD), which finds some support following the release of the …

3 min read

Fed’s preferred inflation metric floats above target range in July

The BoJ is expected to resume policy normalisation at its meeting next week, with money markets pricing an 89% chance that the central bank will raise its short-term policy rate by 25bps to 1.00%, and an 11% probability…

26 min read

Gold Is Moving Back Toward the Pre-Buyback Setup

Spot gold trades at $4,481.29 per troy ounce, down 0.81% on the session after failing at $4,510–$4,515 during Asian hours. The COMEX front-month contract sits at $4,537.00, off $8.30 or 0.18%, having printed $4,550.80 o…

22 min read

Bitcoin Enters Early Stage of New Bull Cycle, Says CryptoQuant

Bitcoin (BTC) may be entering a new bull-market phase, as several valuation, demand, and liquidity indicators have turned higher, according to CryptoQuant. The analytics firm outlined the shift in a research note publis…

2 min read

Oil Prices Fall as Iran-Oman Talks Fuel Hopes of Strait Reopening

Crude futures slid roughly 2% on Wednesday, compounding the prior session's decline, as renewed optimism emerged that the Strait of Hormuz might reopen following Iran's announcement that it had renewed discussions with …

7 min read