Malachi
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Dollar Index in view ahead of data
Ahead of this week’s US GDP first estimate print and the PCE Price Index numbers, the US Dollar Index will likely be a watched market. Buyers remain firmly at the wheel. YTD, we are nearly +5.0%, with April on track to close higher for a fourth consecutive month, up +1.5% MTD. And from a technical s
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GBP/USD drops after mixed UK retail sales, risk aversion
GBP/USD falls 0.48% to 1.2376, influenced by rising geopolitical risks and statements from major central banks. Bank of England's Deputy Governor comments on inflation risks fail to support Sterling as it hits new lows. Mixed economic data from the UK with stagnant retail sales in March, contrasting
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US Urges Georgia Not To Enact 'foreign Influence' Legislation
The United States has urged Georgia not to enact its parliament's decision to advance Kremlin-inspired "foreign influence" legislation. Expressng grave disappointment over the propsed law, U.S.State Department Spokesperson Matthew Miller warned that passage of this law could compromise Georgia's pro
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Pound Sterling finds support, though risk-off mood keeps downside bias intact
The Pound Sterling finds cushion near 1.2400 after mixed UK Retail Sales data for March. Geopolitical fears and a strong outlook for the US Dollar support the downside in the GBP/USD pair. Fed's Bostic said he is comfortable with interest rates remaining high. The Pound Sterling (GBP) finds a tempor
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US Dollar on the rise as inflation concerns persist
UK inflation brings both optimism and caution. IMF growth projections highlight protracted wait for US cuts. US Dollar on the rise as inflation concerns persist. European markets have enjoyed a welcome reprieve from the selling pressure that has dominated much of the week, with mainland indices lead
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Pull-up Update