Daniela Hathorn

EUR/USD and GBP/USD traders struggle for direction ahead of the latest data releases

European equities continue to push higher as risk appetite remains elevated ahead of the Euro Zone February CPI data.

West Texas Intermediate (WTI) continues to move sideways as traders lack the desire to move in either direction

EUR/USD and GBP/USD take advantage of a weaker dollar

FTSE pulls back from the recent bullish rally whilst HSBC shares plunge after weak earnings

Gold and Silver take advantage of a weaker dollar.

US equity indices took a tumble earlier this week after the latest CPI data showed prices had risen more than expected in January, pushing back the need for rate cuts from the Federal Reserve. But stocks have come back swinging with the S&P 500, US Tech 100 and Russell 2000 all resuming their bullish trends after a minor pullback.

While the Magnificent Seven have dominated market momentum in recent months, it’s not true that they are the sole drivers of the recent rally in equity markets.

EUR/USD struggles for direction as EZ inflation remains high and the Fed pulls back on dovish commentary

Markets have no doubt that the BoE will keep its rate unchanged