UK CPI set to remain elevated in February, reinforcing BoE tightening bets

UK CPI set to remain elevated in February, reinforcing BoE tightening bets

The UK Office for National Statistics (ONS) will release the February Consumer Price Index (CPI) figures on Wednesday at 07:00 GMT, a print that will matter for markets. Consensus expectations point to inflation pressures keeping their grasp on the economy. UK consumer inflation remains one of the most important inputs for the Bank of England […]

Will Australia’s February CPI reinforce the RBA hawkish expectations?

Will Australia’s February CPI reinforce the RBA hawkish expectations?

The Australian Bureau of Statistics (ABS) will release the Consumer Price Index (CPI) for February on Wednesday at 00:30 GMT, with inflation expected to hold steady at 3.8% YoY and come in flat on a monthly basis. This release comes as the Reserve Bank of Australia (RBA) has already raised its key rate to 4.10%, […]

US Dollar rebounds towards 159.00 as bulls target 160.00

US Dollar rebounds towards 159.00 as bulls target 160.00

USD/JPY resumes its upward trajectory on Tuesday after testing the 20-day Simple Moving Average (SMA) at 158.10 on Monday, rising towards 159.00, posting gains of over 0.14%. USD/JPY Price Forecast: Technical Outlook The USD/JPY remains bullish-biased, even though Monday’s reversal opened the door to testing lower prices, such as the March 5 pivot low at […]