The FTSE Finish Line - August 19 - 2024FTSE Extends Last Week’s Gains Ahead Of Central Bank SpeakersAerospace and defense sectors led London stocks' poor start to the week. However, investor...
Stocks Roar Back As US Recession Fears Fade
Cooler Inflation Boosts StocksUS stock markets are racing higher this week as traders react to better-than-forecast US data. Following a heavy correction lower at the start of the month, the S&P...
Pound Jumps On Buoyant July Retail Sales
GBP Rallies on Better DataGBPUSD continues to push higher ahead of the weekend with GBP sentiment bolstered by better UK data. Today, retail sales were seen rising 0.5%, while a touch below the 0.6%...
Crude Rally Fading Sharply As Demand Concerns Hit
Crude Under PressureFollowing a solid rally at the start of the week, oil prices have run into heavy selling interest over the week. Crude futures are down around 6% from the week’s highs as demand...
Dollar Down on Fresh Inflation Fall
CPI Slips FurtherThe US Dollar is trading lower today on the back of yesterday’s July inflation data. Headline annualised CPI was seen cooling to 2.9%, below the prior and expected 3% reading the...
Gold Turns Higher Following Weak US CPI
US Data SupportGold prices are trading a little higher today as traders digest the latest set of US inflation figures, released yesterday. Annualized US CPI was seen falling to 2.9%, down from the...
Copper Recovery Continues Ahead of US CPI
China Data Weighs on CopperCopper prices are trading tentatively higher today as the market continues a shallow recovery rally. A weaker US Dollar is helping drive support for the metal which is on...
Dollar On Watch As Traders Wait For US Inflation
USD Drops on PPI DeclineThe US Dollar is on watch today as traders brace for the latest US CPI data. Yesterday, USD fell sharply as US PPI came in below forecasts. Core PPI was seen slipping to 0%...
GBPUSD Holds After Fresh Inflation Rise
Inflation Rises Below ForecastsThe British Pound has come back under fresh selling pressure today as traders react to the latest UK inflation data. Annualised CPI was seen rising 2.2% last month, up...
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