United States Baker Hughes US Oil Rig Count below forecasts (485): Actual (479)

Yesterday’s data showed that U.S. inflation for July dropped to 2.9%. Given that the Federal Reserve will consider inflation and labour market figures when deciding on rates at the September meeting, the steady decline in the core Consumer Price Index (CPI) was expected to put downward pressure on the USD. However, the market’s reaction to…

Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He…

Yesterday, we reported that the US Senate had passed the GENIUS stablecoin bill, which establishes a legal framework for regulating the stablecoin market. This development led to a sharp rise in the share price of cryptocurrency exchange Coinbase (COIN), while simultaneously putting pressure on Mastercard (MA) and Visa (V) shares. According to media reports, market…

Ahead of the July meeting, Barclays saw two rate cuts for the ECB left for this year – one in September and one in December. Their terminal rate forecast was 1.50%, driven by “average US tariffs on EU imports of circa 15% and risks of medium-term inflation undershooting”. While the tariffs imposed by Trump seems…