Struggles below $88.00 as bearish signals persist

Struggles below .00 as bearish signals persist

West Texas Intermediate (WTI) Crude Oil prices reverse an intraday fall to the $86.00 mark, back closer to the overnight swing low, though traders seem reluctant to place directional bets amid mixed geopolitical signals. Reports suggest that diplomatic efforts are underway to introduce a one-month ceasefire mechanism to allow the US and Iran to negotiate […]

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 […]