Daniela Hathorn

USD/JPY attempts to build bullish momentum but fears of FX intervention limit the advances

Gold and Silver move higher after last week’s pullbacks but the precious metals are struggling with resistance ahead of the US PCE release.

Copper price drops over 5% on Thursday as traders take profits following the FOMC meeting minutes.

Market pricing has tipped in favour of ‘no rate cut’ at the upcoming Bank of England (BoE) meeting in June after UK CPI came in higher than expected this morning. Markets were assigning a 50/50 chance of a rate cut in June before the CPI release according to data from Reuters. The probability of a cut has now dropped to 15%.

The latest round of inflation data will be released at 22 April at 7 am BST and investors are likely going to be paying close attention.

The rate of growth in US consumer prices dropped in April leading markets to price in more chances of rate cuts from the Fed

GBP/USD trades with caution ahead of the US and UK inflation reports

European equities charge higher as sentiment improves. US traders turn their attention to the April CPI data

After a remarkably strong first quarter, the US stock market pulled back in April for the first time since October last year.

The pound has managed to regain its footing after the BoE left rates unchanged but gave mixed signals on rate cuts