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The fall in crude prices and the removal of almost all travel restrictions can support passenger traffic and bring it back to pre-pandemic levels
Keeping interest rates unchanged at 8.5% was in-line with consensus expectations shared by investors and analysts alike
Even though JPMorgan Chase and Wells Fargo, reported solid earnings, their reports showed weakness in deposits and declines in net interest income
Euro against US dollar: On Wednesday, we should be wary of the preliminary estimate of the US first-quarter GDP, expected to come at an annualised rate of 2.0%
Cryptocurrency payments are steadily increasing, particularly as the DeFi market rebounds from the ‘crypto winter’
US Flash, that is to say preliminary, PMI for April came in at a better-than-expected 50.4 versus a downwardly revised 49.2 in March and a forecast 49
Raw sugar traded in NY and White sugar in London both trade near a decade high on persistent worries about tight global supplies
Orbex's analyst on GBP/USD: It’s important to note that UK interest rates may be raised during the next BoE meeting in early May
The report signaled that inflation continues to slow with consumer prices barely rising in March and gasoline prices dropping
Canadian dollar: Next week, all eyes will be on the inflation data, which is expected to cool down further to as low as four percent
BITMarkets Analyst: I believe it’s the right call from the RBI to keep rates steady for the time being
HFM Market Analyst: Polish interest rates could be cut in 2024 rather than the end of 2023 like the NBP stated
Lagging S&P 500: Traders could have been using tech stocks as a hedge or risk offset to shield risk from the banking issues
Saxo analyst: Crude oil traded firm ahead of month-end with the recent recovery being driven by continued supply disruptions from Northern Iraq, a weaker dollar and more
Eurozone: Inflation is driven by skyrocketing food prices. This is not just a problem in the Eurozone and EU, but the whole world
Orbex analyst on the EU inflation: This leads me to believe that the lower-than-expected CPI figure is heavily attributed to the decline in energy costs
Orbex analyst after the US GDP release: In layman’s terms, the economy is entering a contraction phase, which is to be expected given the rising interest rates and the ultra-tight lending environment
The UK's economic output remains 0.6% below its late 2019 level, making it the only G7 nation yet to recover from the pandemic
Japan inflation: the decline in inflation is largely due to a reduction in the cost of utilities – by 0.3%
USDCHF drifted further after the SNB decision, down to 0.9116
USD: Santa Zvaigzne-Sproge summarises Federal Reserve meeting
USA: PPI data is another confirmation that inflation remains on the right track
Bitcoin amid recent banking sector situation: simply put, it is no longer a question of yield but safety
It was the average daily temperature that became a persistent fundamental trigger for the decline in crude oil prices
Investment director: I think that problems in the classical banking system will increase the number of people trying find a solution in cryptocurrencies
In conclusion, the ECB was balanced enough to please the markets
The payrolls bump was mostly witnessed in leisure, hospitality, retail trading, government and health care
The year-to-date trend for green cryptos remains very bullish. ADA has propelled 32%, and DOT witnessed a 37% surge, just to name a few
The softening in some of the metrics in the February jobs report is easing fears of a more hawkish Fed, especially in light of the failure of SVB
Binance has proven to be a more trusted player in this space than 99% of other crypto companies
I would encourage traders to look out for the Fed decision later this month, as another higher-than-expected rate hike can push crude even lower
Surprisingly low Turkey's inflation: The 2021 Turkish lira devaluation crisis inflated prices very quickly causing a very high base for comparison for this year
Green cryptocurrency moved by Elon Musk's narration? AngelBlock: The only new aspect of this is the fact that it was mentioned by Elon Musk
A number of analysts including JP Morgan and Morgan Stanley are suggesting Oil prices could move north of $90.00 this year
If Musk continues to provide strong support for cryptocurrencies that are less damaging to the environment, this may influence investors who are interested in green cryptocurrencies
RBA decision: Market participants gathered a sentiment of uncertainty in Philip Lowe's rhetoric and now fear that inflation will remain elevated for a prolonged time
One of Ueda's main priorities is to achieve the Bank of Japan's 2% inflation target, which has eluded the central bank for years
Fed Chair testimony summary: Powell emphasized that the final decision has not been made and it would largely depend on the jobs data coming out on Friday
Is AI another bubble...? The global artificial intelligence market size is projected to expand at a compound annual growth rate (CAGR) of 37.3% from 2023 to 2030
The reason behind the recent market disruption was a loss of liquidity, as Silvergate Bank served as a gateway for many cryptocurrency exchanges
While Elon Musk wields significant influence over his followers, it is unlikely that he can single-handedly impose a dominant narrative on a particular market
Interestingly, the catalyst for the crypto market was not the news itself but a wave of cryptocurrency exchanges refusing to deal with the troubled bank
China is returning to daily life without restrictions, but the demand for oil is not increasing
Turkey: For now, inflation could be said to have dropped because of the high base in 2022
In crude oil, we are increasingly likely to see a year of two distinctive halves
Today's data also increases the pressure on Chancellor of the Exchequer Jeremy Hunt to...
NAGA analyst on Eurozone inflation: This is likely to trigger a more restrictive monetary policy from the ECB for two reasons
Oil is in a situation where both very positive and negative news puts pressure on the price
The data added to the Canadian Dollar’s selloff as they downplayed risks for further tightening from the BoC
Undoubtedly, the Shanghai upgrade will significantly impact ETH's price and volatility
It (USA) rather seems rational to see reading even below 0% in the Q1 with the lowest point in the late Q2 of 2023
Oanda's Craig Erlam talks RBNZ decision: In this case, the tight labour market threatens to make inflation much more stubborn
Walid Koudmani about Turkey's central bank decision: In either case, it appears that opinions are split on the decision
In other words, by the time EU CPI is announced on Thursday, EUR/USD exchange rate may already reflect a slight increase in inflation from 8.5% to 8.6%
Despite the rise in interest rates, we’ve seen over the past few months, the US economy has held up reasonably well, with strong growth in Q3 as well as Q4
UK Retail sales: Retail sales have been falling all last year, amid rising inflation, but they rose in October 2022 and provided significant support for the index
If inflation rises faster than expected, or if the global economic outlook improves significantly, the BoJ might consider adjusting its policy course earlier than originally planned
Coca-Cola reported solid earnings as Orbex's Market Stategist expected!
The early 2023 crypto rally was indeed cut short last Thursday
Milczarek (Cryptiony): Last year, we launched a separate platform for entities specializing in cryptocurrency tax settlements based on the MVP (Minimum Viable Product) - FXMAG interviews Cryptiony CEO
Bartosz Milczarek, CEO at Cryptiony: Customers settle the crypto tax in annual returns, so our business model is also based on annual subscriptions
Craig Erlam about UK inflation: It's expected to fall considerably this year, as per BoE forecasts, but as we've seen over the last 12 months, we live in unpredictable times
Germany found itself in a tough economic situation, as prolonged war in the East disrupted its supply chain
I believe BP’s upcoming quarterly figures are set to surpass expectations
The British pound, however, demonstrated a good correction against the US dollar, and since September last year it has managed to rise to 1.24
Gold remains in a descending broadening wedge formation since July 2020
Eurozone inflation: We believe the issue's roots were building up before the war, and some are saying it was groundwork set by the ECB
At the moment, the Federal Reserve is expected to hike 25 basis points, but the Bank of England’s decision is less certain. Previously, 2 members voted to keep rates unchanged
Shell has been an exception to the rule of energy companies generally doing better last year, particularly in the final quarter
Bitget analyst about the US GDP: In my opinion, we will see higher GDP than expected 2% - in Q3 and Q4 revisions we’ve seen stronger economic momentum than expected
