Financial Market

News

Recession fears return ahead of Powell

GBP/USD rose 0.2% in the previous session on the back of USD weakness and after hawkish comments from BoE’s Catherine Mann.

The mood improves ahead of Powell

USD/CAD fell 0.3% in the previous session, falling away from 1.3079 the 2022 high reached on Friday.

Recession risks keep risk sentiment weak

DAX fell 4.6% last week, marking its third straight week of losses.

The mood remains cautious on inflation and recession fears

Tesla dropped 8% yesterday, putting losses for the year at 34%, underperforming the S&P’s 20% slide which put it into a bear market.

Fed hikes BoE up next

EUR/GBP lost 1.2% in the previous session. The euro fell following the ECB’s unscheduled meeting, in which the central bank sought to address...

All eyes are on the Fed

The Nasdaq has had a volatile week, falling over 4.5% so far this week. The tech-heavy index fell sharply at the start of...

Risk sentiment remains cautious after yesterday’s steep selloff

GBP/USD tumbled over 1.1% in the previous session to a 2022 low after UK GDP unexpectedly contracted in April on a monthly basis....

Inflation fears drive the market ahead of UK GDP data

The FTSE fell 2.8% across the previous week as stagflation fears sank the market. The OECD warned that the UK would see the...

All eyes on US inflation data

Gold inched lower in the previous session ad is falling further today, pulled lower by rising treasury yields as the market looks toward...



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