U.S. Inflation Unwavering as Risk Assets Lose Out

Inflation has once again proven to be a hot topic following the PCE Index report, which revealed that prices have strengthened for two months back to back, up 0.6% in…

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S&P500 Plunges Ahead of U.S. Inflation Data

S&P500 futures (CME: ES) have taken a 0.63% hit ahead of the release of the PCE Index, the Federal Reserve’s (Fed) preferred inflation gauge. Traders will look to the PCE…

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WTI Crude Oil Demand Questionable

WTI Crude Oil futures (NYMEX: CL) suffered losses following a robust inventory build last week, according to the Energy Information Administration (EIA). Since mid-December 2022, oil inventories have increased weekly,…

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EURUSD Weakness Abounds

Now trading 3.72% off its 2023 highs, the EURUSD currency pair has been subdued by growing hawkish fears, especially in the U.S. Despite the U.S. and Eurozone fighting the same…

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FTSE 100 Trims Gains on Rate Hike Fears

The FTSE 100 (LSE: UKX) let go of its all-time high as growing fears of further rate hikes by the Bank of England (BOE) and the Federal Reserve (Fed) crept…

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IBEX 35 Consolidates After Reaching 20-Month High

IBEX 35 reached a 20-Month high after a bullish run led to the recovery of losses incurred since a selloff, which kicked off in June 2021. Traders will look for…

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EURJPY Bears Hideout as Bulls Break Into Resistance

The EURJPY currency pair broke above a pivotal high point to reinforce bullish sentiment over the pair. The interest rate differential between the European Central Bank (ECB) and Bank of…

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