<p style=““ class=“text-align-justify“>The firm says that UK inflation is expected to accelerate further in the months ahead unless the government steps in with fresh measures to lower prices, noting that:</p><p style=““ class=“text-align-justify“>“In our view, the composition reaffirms the risk of more sustained domestic inflation. In the absence of offsetting support, we expect CPI inflation to accelerate to over 15% in Q1-23.“</p><p style=““ class=“text-align-justify“>They previously forecast UK inflation to peak at just below 12%, so this is a revision higher to that. Meanwhile, Citi has also revised up its expectations for BOE rate hikes, forecasting that the central bank would hike by another 125 bps to 3.00% by the end of this year – as opposed to their previous forecast of a 50 bps rate hike for the remainder of 2022.</p>

This article was written by Justin Low at www.forexlive.com.

<p style=““ class=“text-align-justify“>Equities are looking more subdued on the day and that seems to be weighing on commodity currencies, particularly the antipodeans. <a target=“_blank“ href=“https://www.forexlive.com/news/kiwi-fails-to-find-comfort-from-hawkish-rbnz-20220817/“ target=“_blank“>The kiwi couldn’t even find much comfort</a> from a more hawkish RBNZ with NZD/USD now down 0.8% to 0.6295 on the day.</p><p style=““ class=“text-align-justify“>Perhaps a plunge in commodity prices (iron ore being one of that) is also to blame but the negative risk sentiment on the day sure isn’t helping. US futures are trading at the lows now, with S&P 500 futures down 31 points, or 0.7%, at the moment. Nasdaq futures are down 0.8% and Dow futures down 0.6%, while European indices shrugged off the light gains earlier to keep lower.</p><p style=““ class=“text-align-justify“>For the S&P 500, the retreat in futures could be in part a technical play as the cash market reached a critical juncture in trading yesterday. Of note, we saw buyers run up to test the 200-day moving average (blue line):</p><p style=““ class=“text-align-justify“>I’ve mentioned since the start of the week that there was some scope for gains in equities up until the key resistance point and now here we are. The question now is, can buyers turn things around and pull towards a retest of the key level? Or will we see a rejection and the start of a renewed downtrend as recession worries start to dominate broader markets?</p><p style=““ class=“text-align-justify“>I reckon we might also have to take a cue from the bond market and so far, there isn’t much firm direction just yet. So, let’s see if the US retail sales data and FOMC meeting minutes later today could provide any catalysts for a more meaningful move. If not, this could be where the latest rebound in equities perhaps look to take a pause.</p>

This article was written by Justin Low at www.forexlive.com.

<ul><li>Prior +0.2%</li><li>Market index 273.3 vs 279.8 prior</li><li>Purchase index 203.8 vs 205.4 prior</li><li>Refinancing index 627.1 vs 662.9 prior</li><li>30-year mortgage rate 5.45% vs 5.47%</li></ul><p style=““ class=“text-align-justify“>It’s quite remarkable that what the data is saying and what markets are deciphering is totally different from the narrative that is being put out by the housing industry. Adam put it nicely in a post yesterday <a target=“_blank“ href=“https://www.forexlive.com/news/the-divergence-of-opinion-on-us-housing-between-markets-and-industry-is-180-degrees-20220816/“ target=“_blank“>here</a>. The readings above continue to show a collapse in mortgage activity as both purchases and refinancing continue to decline sharply.</p>

This article was written by Justin Low at www.forexlive.com.

<p class=“MsoNormal text-align-start“>Impeccably organized by Ultimate Fintech, iFX EXPO gathers more traction with every edition. Held annually since 2012 in financial hubs across Europe, Asia, and the Middle East, it is the largest financial B2B exhibition and a hot spot for thought-provoking debate. The upcoming edition, <a target=“_blank“ href=“https://bangkok2022.ifxexpo.com/“ target=“_blank“>iFX EXPO Asia</a>, will take place between 13 and 15 September 2022 at Centara Grand & Bangkok Convention Centre at CentralWorld and is set to be the largest so far.</p><p class=“MsoNormal“>The organizers are planning 2+ days of unparallel networking with industry leaders and decision makers that are coming to Bangkok from all over the world. The event is not only the ultimate destination for financial industry leaders to network and showcase their products, services and brands, but it also exceeds expectations with its exclusive parties. They allow attendees to catch up with existing and potential partners in an informal setting. </p><p class=“MsoNormal text-align-start“>The agenda is filled with insightful topics and renowned experts. Keynotes include high-calibre speakers from market-leading companies in the forex and fintech space, such as Finnovation Labs, Equity Group, Finalto Asia, one-Zero, ATFX Southeast Asia, Brokeree Solutions, and others. To find out more information on the topics and keynotes, view the <a target=“_blank“ href=“https://bangkok2022.ifxexpo.com/discuss/“ target=“_blank“>Agenda</a>. </p><p class=“MsoNormal text-align-start“>Zulu Trade tops the event’s impressive list of sponsors as the Official Global Partner, followed by numerous other forward-thinking brands, including ATFX, AximTrade, Finalto, TMGM, B2Broker, Equity Capital, and B2BinPay, to only name a few. An impressive list of proud sponsors and exhibitors of iFX EXPO Asia 2022 can be explored on the <a target=“_blank“ href=“https://bangkok2022.ifxexpo.com/meet/#sponsors“ target=“_blank“>official website</a>.</p><p class=“MsoNormal text-align-start“>Who Will Attend?</p><p class=“MsoNormal“>iFX EXPO Asia is a perfect place for global fintech collaboration. The event brings together top-level executives from most prominent international companies. Attendees include:</p><p class=“MsoListParagraph“>· Technology & Service Providers</p><p class=“MsoListParagraph“>· Digital Assets & Blockchain </p><p class=“MsoListParagraph“>· Retail & Institutional Brokers</p><p class=“MsoListParagraph“>· Payments, Banks & Liquidity Providers</p><p class=“MsoListParagraph“>· Affiliates & IBs</p><p class=“MsoListParagraph“>· Regulation & Compliance</p><p class=“MsoListParagraph text-align-start vertical-align-baseline“>Register Now and Benefit from the Free Pass </p><p class=“MsoNormal text-align-start“>You can register now to get your Free Pass for iFX EXPO Asia 2022 following the registration <a target=“_blank“ href=“https://bangkok2022.ifxexpo.com/register/“ target=“_blank“>link</a>.</p><p class=“MsoNormal“>The Pass grants unrestricted access to 2+ days of unlimited networking opportunities, including free admission to the Speaker Hall and Idea Hub, Sponsored Food & Beverages Areas, and the exclusive Welcome and Night Party events.</p><p class=“MsoNormal text-align-start“>Take Advantage of an Exclusive Accommodation Offer</p><p class=“MsoNormal text-align-start“>Centara Grand at CentralWorld has been selected as the official accommodation provider for iFX EXPO Asia 2022, offering exclusive rates for all event delegates between 10and 17September. To benefit from the special offer, book your stay <a target=“_blank“ href=“https://www.centarahotelsresorts.com/centaragrand/cgcw/ifx-expo-asia-2022?abcd“ target=“_blank“>here</a> in advance.</p><p class=“MsoNormal“>There is less than a month to go until the show, so don’t miss out and Register NOW!</p>

This article was written by ForexLive at www.forexlive.com.