UK Inflation Slows, All Eyes on Budget

Market picture The cryptocurrency market is building capitalisation towards the 24-hour level, but it’s a relatively modest +0.6% to $2.51 trillion. That’s close to, but still below Tuesday’s highs. Bitcoin briefly topped $69K on Tuesday, setting a new all-time high, but has since corrected by more than 15%. The size, speed and nature of the […]

DXY: The DXY (Dollar Index) chart indicates a potential bearish movement, with a probable reaction at the pivot leading to a drop towards the 1st support. The pivot at 103.44 serves as significant pullback resistance, suggesting a potential barrier where selling pressure could intensify. Conversely, the 1st support at 102.65 acts as crucial overlap support, […]

Markets The ECB updated its wage tracker, published a first time after last December’s policy meeting. The headline indicator’s path is broadly unchanged with wages expected to remain sticky in Q1 and Q2 of this year (4.9% Y/Y and 4.5% Y/Y respectively) before “collapsing” in the second half of next year to 2.2% Y/Y in […]