Market Analysis

Quiet markets. Limited market moves overnight. US equities tread water, oil a bit higher, bond yields consolidate, & USD softer. AUD & NZD tick up.

Underlying consumer prices rose more quickly than expected in the United States last month.

The dollar is holding firm as oil prices climb and traders batten the hatches ahead of this morning’s US inflation update.

La settimana appena trascorsa si era aperta con i mercati intenti a valutare se la debolezza dei Non-Farm Payrolls pubblicati lo scorso venerdì potesse indurre la Federal Reserve a rallentare la stretta monetaria.

The dollar is edging lower and government bond yields are slipping from multi-decade highs as sentiment deteriorates amid a sell-off in artificial intelligence stocks.

How will sterling react to US CPI on Wednesday and UK GDP on Thursday? Is a test of 1.3000 coming soon?

Long-term yields are slipping, oil prices are edging lower and the dollar is retreating after US president Donald Trump said the US would not attack Iran before next month's midterm elections.

The dollar is edging toward an 18-month high as the Federal Reserve maintains its tightening bias, while higher energy prices and rising yields weigh on other major currencies.

Oil prices are back above $100 a barrel, yields are climbing, and the dollar is once again in the ascendant as Iran steps up its attacks on shipping through the Strait of Hormuz and traders keep a wary eye on a storm forming in the Gulf of Mexico.