You can also find out more about the following: USDIndex Moved up to 103.50 on safe haven Dollar buying as US debt ceiling talks made little progress, with no new talks scheduled & no deal in view. US Stocks lost over -1% You can also find out more about the following: Yields Also cooled Treasuries got a lift. Global PMIs Showed weakness but US Services The sturdiness of the tyres was impressive. Overnight, the NZD tanked (-1.45%As the RBNZ The Fed raised rates 25 basis points but also signaled the end of a cycle of rate hikes. Asian stocks fell as well, particularly mainland China. Saudi Arabia warned speculators of the future production and price.
Overnight – GBP Inflation Dump – consumer prices hotter than expected, 8.7% vs 8.2% & 10.1% prior, CORE The number of people who are able to increase their income is increasing. 6.8% From 6.2% to RPI 11.4% From 13.5% to 11.1% PPI shrunk to 6.0% From 8.3%
- FX – USDIndex Spiked to 103.50Back to 103.30 Now but the bid is held for an additional 10 days. EUR Tested into 1.0760 Hold down below and hold it again 1.0800 You can also check out our other articles. 1.0785. The following are some of the reasons why you should consider hiring someone elsePY breached & holds 138.50Top at 138.85 Hold back and raise the (highest from November 2022). 138.50 now. Cable Spiked to 1.2466 following the inflation & retail sales data. The pair has returned to 1.2450 Now up to 1.2375 Tuesday’s lows
- Stocks – US markets closed lower (-0.69% up to -1.266%). TSLA -1.64%, APPL -1.52%, GOOGL -2.00%,…