Market Update

Bank of England (BoE) Governor Andrew Bailey described the most recent inflation statistics as “good news” and pointed out that it indicated greater downward pressure than they had anticipated during his testimony before the UK Economic Affairs Committee on Wednesday. Bailey’s remarks did not cause the GBP/USD to move noticeably. …

Natural gas prices have fallen by 20% since February, with the US Dollar Index consolidating gains on Wednesday. The commodity’s prices have been negatively impacted by February, with Shell issuing an outlook where Liquefied Natural Gas demand will be substantially decreased by 2040, reflecting global pushes to abandon fossil fuels. …

In a report unveiled on Wednesday, Shell projected a significant surge in global liquefied natural gas (LNG) demand, expecting it to soar by more than 50 percent by 2040. This uptick is anticipated as countries in South and Southeast Asia, along with China, intensify their adoption of LNG to bolster …

Japan’s Nikkei index fell from its highest level in 34 years on Wednesday, affected by a sharp decline in Wall Street indices at the end of trading on Tuesday, but the weakness of the yen and increased investor interest are expected to push the benchmark index towards new high levels …

The dollar surged to its highest levels in three months against other major currencies on Wednesday following unexpected inflation data in the United States, diminishing bets on Federal Reserve interest rate cuts. The dollar surpassed the 150 yen mark for the first time since November, prompting Japan’s chief currency official, …

Oil Prices Retreat on Surging US Crude Inventories and Diminished Rate Cut Expectations Early Asian trading on Wednesday saw a decline in oil prices following reports from the American Petroleum Institute (API) indicating a significant buildup in US crude inventories last week, coupled with shifting sentiments regarding potential interest rate …

The EUR/USD pair has fallen into multi-week lows due to an unexpected increase in US CPI inflation, pushing up rate cut hopes. The European February ZEW Economic Sentiment Survey improved, and Euro traders are gearing up for European GDP figures due on Wednesday. On Thursday, more US economic data will …

Tuesday saw a spike in the yields on US government bonds as the January inflation reading surprised analysts by being higher than expected.The yield on the 2-year Treasury bond surged to 4.5922%. The 10-year yield recovered to 4.273%, levels last seen in late November. The yield over 30 years reached …

WTI prices rose for the seventh straight session, breaking through the $78.00 per barrel. These gains have always been supported by geopolitical concerns, constrained supply concerns, and the positive monthly report from OPEC.Gold prices broke through the crucial downward zone below $2,000 per troy ounce as a result of the …

The US Dollar has been able to sharply leap upwards on Tuesday, reaching its highest level since mid-November. The Dollar Index, which measures the performance of the US currency against a basket of major rivals, is flirting with 105, specifically standing at 104.927 at the time of writing. Hence, the …