News & Analysis

FTSE looks to re-test its all-time high. Oil holds strong gains ahead of EIA inventory data.

US economic data has outperformed expectations at an increasing rate, according to the City Economic Surprise Index (CESI)

Whilst we suspect gold could eventually head for $1800, it shows the potential to revert to $1900 first.

One sure thing is that Powell is not the uber hawk he once was and there won’t be any surprise 75bps hikes coming down the line.

The bank's latest forecast shows the annual rate of inflation slowing to around 3% by the middle of 2023, and reaching 2.5% by the fourth quarter.

Despite the NorgesBank saying that it will hike rates 25bps at in March, the ECB has pre-committed to increasing rates by 50bps and says that there is more to come.

Gold prices reversed sharply off confluent resistance last week and threatens a deeper pullback in the days ahead. The levels that matter on the XAU/USD weekly chart.

Futures markets now tally with many Fed policymakers for the first time this year, accepting the Fed's "terminal rate" will be above 5%...

Futures point to a mixed start as investors look ahead to a keenly awaited speech by Fed Chair Powell. Biden's State of the Union address is also due later.