<p>There are reports of celebrations in the streets in Gaza so it would be cruel if there is no deal.</p><p>A Hamas official told Reuters they have received the truce proposal but haven't given response to any parties and it is still being studied. They added 'we cannot say current state of negotiations is zero and [&hel
Blogs
What a mess the cable 4-hour chart has turned into
<p>Here is the four-hour chart of GBP/USD going back to December 12.</p><p>That's six weeks of trading hell.</p><p>Today it's now testing yesterday's high in a strong reversal on broad USD selling but this is the kind of chart where you do not want to get involved until it definitively breaks.</p>&
A Qatar official says there is no ceasefire deal for Gaza yet
<p>Oil and risk assets have been bouncing around after Al Jazeera first reported on a ceasefire and then deleted the tweet.</p><p>Now, Reuters reports that a Qatari official told them there is no ceasefire deal yet for Gaza. The key word there may be 'yet' … or not. The official said that Hamas 'received the p
EURUSD breaks above key resistance, signaling bullish momentum
<p>The EURUSD is moving to a new session high (USD lower). </p><p>Yields in the US are moving lower helping to weaken the USD in the process. The 10-year yield is now down -14.1 basis points at 3,818% and trades at new lows for the new year. The Decemebr 29 low at 3.783% is the next […]
Al Jazeera deletes tweet saying Israel agrees to pause fighting
<p>WTI has jumped to $75.80 from a low of $74.12. It's still not all the way back to $76.75, which is where it was when the report first broke.</p><p>Update: A Qatar official tells Reuters there is no ceasefire deal for Gaza</p> This article was written by Adam Button at www.forexlive.com.
United States Federal Reserve Maintains Interest Rates but Says March Cut Unlikely – 01 February 2024
The Federal Reserve has decided to leave interest rates unchanged for a fourth straight time, dampening market hopes of an initial rate cut in March.
SocGen now sees the Bank of Japan raising rates to 0% in March
<p>Societe General is out with a fresh call on the Bank of Japan today. They see BOJ Governor Kazuo Ueda abandoning yield curve control and hiking their benchmark rate by 10 basis points to to 0.00%.</p><p>The BOJ has indicated that it's watching wage negotiations carefully for signs on when to normalize policy.</p><
Oil drops on Israel-Hamas ceasefire
<p>The parameters of an Israel-Gaza ceasefire aren't yet but the oil market isn't waiting for confirmation. </p><p>WTI has fallen to $74.28 from $76.74 before the headlines. That's wiped out the late-January gains.</p><p>The drop in oil isn't so much about Gaza and Israel; it's more about the v
Bailey Speech: BoE Governor speaks on interest rate outlook after extending the pause
The Bank of England (BoE) is set to hold its policy rate for a fourth meeting in a row on “Super Thursday.” It will be the United Kingdom (UK) central bank’s first policy meeting of 2024, and it is expected to set the direction for the Pound Sterling (GBP) market in the months to come.