The whole financial world is watching how the current inflation is rising at a fast pace. While some asset prices such as food, real estate and used cars are in upward trend, the commodities have gone vertical and expected to stay this way for a long period of time now. Causes of the Current InflationaryRead More
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Eightcap Introduces a Revolutionary AI-driven Trading Experience to Clients
The global FX broker forms a strategic partnership with Capitalise.ai to enhance its FX and CFD offering. Eightcap, a rapidly growing global broker, has formed a strategic partnership with Capitalise.ai, a leading global provider of a ground-breaking trading automation and analysis platform. Eightcap’s clients will have the opportunity to enjoy a seamless trading experience by fullyRead More
Will the Fed Address Rising Inflation this Week?
As many agricultural commodities went vertical recently – that’s not mentioning Lumbar which shot from 250 USD to 1400 USD in 9 months – market participants are getting ready for roaring inflation. The Bloomberg agricultural index is up more than 50% since June 2020 and is still moving vertically. Due to the lag between agriculturalRead More
Oil Remains Above 60 USD Amid Recovery Hopes
WTI (West Texas Intermediate) oil is still defending the medium-term uptrend as it rose again above the important 60 USD threshold. OPEC (The Organization of the Petroleum Exporting Countries) and the IEA (International Energy Agency) upgraded their forecasts last week, for world oil demand growth this year. In other news, data and analytics company GlobalData reportedRead More
Forex Brokers Unprofitability – April 2021
It is the beginning of the second quarter of the year, which means it’s time for the quarterly reports with the unprofitability percentage from the forex brokers. Most of the brokers have already updated their risk warnings stating the loss percentage, although some of them are yet to add their values on the websites. The provided percentage shows the numberRead More
Precious Metals Bid Following US Inflation Data
Traders paid attention to Tuesday’s Consumer Price Index (CPI) data, which came out above market estimates. The headline CPI jumped 0.6% month-on-month instead of the expected 0.5% jump, and 2.6% year-on-year instead of the expected 2.5%. That was the biggest monthly jump since June 2009 and the biggest Year on Year jump since August 2018,Read More
Bonds Bleed as Rate Hike expectations Soar
As the pace of vaccinations remains slow in the EU but continues to rise in the US and the UK, traders are pricing in the end of the pandemic this year, and that most of the world’s economies will reopen to full capacity. That is pushing inflation expectations higher and higher, along with other things. Read More
Is the Gold Bull Market Over?
To answer that question, it’s looking it is. According to the Bank of America (BoA), there are three main reasons for the decreasing value of gold: the weakening of physical demand, a lackluster jewelry market, and a lack of investor interest. The central banks’ demand decreased by nearly 60 percent in 2020, according to theRead More
Markets Expect Inflation, the Fed Doesn’t but Who’s Right?
The US 5-year Breakeven Rate just hit 2.65%. The last time it hit this level was in 2006 when the US was in the middle of a massive housing bubble and oil was on its way to 150 USD per barrel. Another inflation scare comes from US yields, which have been roaring higher recently, andRead More
Greenback Unstable Ahead of the FOMC meeting
The USD continues to increase, although the momentum seems to be waning as market participants are in a wait-and-see regime ahead of the Federal Reserve’s (Fed) next meeting. On Wednesday, the critical Federal Open Market Committee (FOMC) meeting will conclude, and since Jerome Powell failed to deliver a dovish turnaround at his last speech, investorsRead More