The British pound might
continue falling: this possibility is supported by several fundamental and
technical factors. Aggressive policy of the US Fed and the expected growth of
the dollar will make the pound retreat faster than it is doing now.
Speeding-up
inflation

Prior +1.7%GDP (non-seasonally adjusted) +1.4% y/yPrior +2.5%GDP (working day adjusted) +1.4% y/yPrior +2.5%Apologies as there is a bit of a delay on the post due to technical difficulties. The German economy contracted more than expected in Q4 last year, owing to the spread of omicron and restricti

On Thursday, Bitcoin lost 0.4%, ending the day around $36,200, and Ethereum
fell 2.5%. The other leading altcoins in the top ten also mostly saw declines,
from XRP down 0.9% to Terra with -8.3%. According to CoinGecko, the total
capitalization of the crypto market sank by 2.3% per day, to $1.72 tr

The market is looking to price in five rate hikes now after the more hawkish Fed communique yesterday and that is keeping the dollar underpinned in trading today. The latest nudge higher in the greenback is seeing EUR/USD break from a key technical range since late November in a drop below

The pair is now up by 0.5% on the day, to 115.24 as price touches the highest since 12 January.

The dollar continues to benefit from the more hawkish Fed communique yesterday, maintaining a solid advance across the board in European morning trade. For USD/JPY, the run up now is testing the 38.2 r

Prior 8The headline reading shows a notable rebound in retail sales as compared to January last year, though one has to consider the impact of lockdown measures at the time. When looking at volume of retail sales for this period in time, the reading fell from -2 in December to -23 in January – the l

Dip buyers are making themselves heard in European morning trade, as equities are bought back up on the session.European indices are now mixed with those holding losses seeing it trimmed to around 0.1% to 0.4% only. That compares with the much dour mood as losses were well over 1% earlier at the ope

It will take time for Moscow to review US responseRussia will not rush to make an assessmentBut it is clear that main security demands, concerns have not been taken into accountIt is possible to continue dialogue, it is within both sides‘ interestsA positive takeaway is that Russia says that there w

Prior +2.3%Market index 551.7 vs 593.7 priorPurchase index 300.1 vs 305.7 priorRefinancing index 1,989.4 vs 2,276.3 prior30-year mortgage rate 3.72% vs 3.64% prior

The cut in the forecast isn’t surprising as they have to factor in omicron risks, even as the economy is seemingly more resilient than anticipated to start the new year. The government adds that it expects the growth this year to be solely driven by domestic demand and local investments.Meanwhile, t