EUR/USD 1.16779
0.035%
Gold 4431.26
-0.561%
Oil 56.526
0.419%
USD/JPY 156.680
-0.048%
GBP/USD 1.34480
-0.066%
GBP/JPY 210.707
-0.101%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Russia claims that the military declarations of the pro-Ukrainian "Volunteer Union" are becoming increasingly dangerous.A spokesperson for the Russian Foreign Ministry stated that Western troops and military facilities stationed in Ukraine will be considered legitimate operational targets.A spokesperson for the Russian Foreign Ministry stated that the deployment of Western troops and military facilities in Ukraine would be considered an act of intervention that threatens security.January 8th - British businesses expect a slight slowdown in wage growth and a slower pace of price increases over the next 12 months, a welcome sign for Bank of England officials who have been wary of overly high expectations. In the average survey for the fourth quarter, respondents expected wage growth of 3.7%, down 0.1 percentage points from the three months to November. Meanwhile, businesses expected their own price increases of 3.6%, also down 0.1 percentage points from the previous period. Bank of England policymakers had previously worried that wage and price expectations would remain high after inflation surged again to nearly double the 2% target last year. However, price pressures have eased faster than the Bank expected in recent months, and measures in the budget are expected to bring inflation down to near 2% by spring. A Bank of England survey of chief financial officers showed that businesses cut 0.4% of their workforce last year. The number of employees rose 0.5% year-on-year in December, recovering from a 1.8% drop in November. However, businesses still expect job cuts over the next 12 months, forecasting a further decline of 0.4% – the worst reading since 2020.January 8th - Storage and mass storage companies were the best-performing group in the S&P 500 last year. This sector has surged as massive investments in AI infrastructure have permeated some traditionally stable areas of the tech industry. Led by SanDisk, Western Digital, Seagate Technology, and Micron Technology, this group remains among the top performers in the index at the start of 2026. SanDisk rose 16% on the first trading day of the year, followed by a 28% surge on Tuesday. The stock rose 1.1% on Wednesday, bringing its year-to-date gain to 49%. Meanwhile, Western Digital, Seagate, and Micron all recorded double-digit percentage gains at the start of 2026, although all three stocks declined on Wednesday. Peter Andersen, chief investment officer at Andersen Capital Management, said the recent strong momentum is visually justified given the AI data center construction narrative, but he is increasingly concerned that the market is over-extrapolating future demand and underestimating historical cyclicality, as well as the risks of overcapacity and price pressures. This rally may be unsustainable in the short term. For example, SanDisk and Micron both have 14-day Relative Strength Index (RSI) values above 70, which some technical analysts consider an overbought signal for the stocks.

GBP/USD aims to retake 1.2300 amid an upbeat market sentiment, with US/UK Inflation in the spotlight

Daniel Rogers

Dec 13, 2022 15:11

 GBP:USD.png

 

After dipping as low as 1.2260 during the Tokyo session, GBP/USD demand has increased. The Cable is attempting to reclaim the round-level resistance of 1.2300 as investors' risk appetite has risen significantly ahead of the release of U.S. inflation data.

 

The US Dollar index (DXY) has fallen below the round-level support of 105.00 as investors' pre-US inflation jitters have dissipated. S&P500 futures are maintaining their gains from Monday due to expectations of a drop in inflationary pressures. The anticipated change in the Federal Reserve's (Fed) interest rate policy has reinforced optimism on a broader scale.

 

The street anticipates a reduction in the US Consumer Price Index (CPI), driven by a decline in gasoline costs and consumer-inflation estimates for one year. The Federal Reserve Bank of New York's monthly Survey of Consumer Forecasts reported on Monday that US consumers' one-year inflation expectations decreased to 5.2% in November from 5.9% in October, the greatest one-month reduction on record. Inflation expectations have consequently decreased to 7.3% for headline inflation and to 6.0% for core inflation.

 

On the British Pound front, investors anticipate the release of the United Kingdom Employment and CPI numbers on Tuesday and Wednesday, respectively. The quarterly Unemployment Rate (October) is anticipated to be 3.7%, up from the previously reported 3.6%. Aside from this, the statistics on Average Earnings is the most relevant aspect. Quarterly Average Earnings without Bonuses were anticipated to increase by 5.9% compared to the preceding announcement of 5.7%.

 

While it is anticipated that the headline rate of inflation in the United Kingdom would decline to 10.9% from 11.1%, as previously reported. As a result of the food supply issue, labor shortages, and growing input costs, food price inflation has soared. Investors should not overlook the possibility of an unforeseen inflation spike.

Suggestion