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Key themes: Jerome Powell shared the limelight with the US producer price inflation report overnight. An upside headline surprise in producer price inflation was tempered by a sizeable downside revision to the previous month and more constructive underlying detail. Overall the data was supportive of further disinflation and did little to move the dial on expectations […]

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13/03/2024

Today Is an Ethereum Update. ETH/USD Is Above $4,000

An update is scheduled for the Ethereum network today, approximately at 16:55 GMT+3. The update is called Dencun and is the biggest code change since April 2023, when the Shapella update was implemented. Dencun aims to reduce fees on the growing array of ancillary networks running on top of Ethereum, called layer 2 (L2) “aggregates.” […]
05/07/2024

Euro and Sterling Up, USD Down Ahead of US Jobs Data

The UK’s Labour Party is set to win a highly anticipated landslide victory in the general election. Cable is upbeat near 1.2770 and the FTSE futures are pointing at a positive start to the session. With the general election behind us – and more political uncertainty and hopefully less scandals ahead – the Labour win […]
15/08/2024

US CPI Backs Fed Rate Cut Expectations

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