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$GBINTR -U.K Interest RatesECONOMICS:GBINTR (December/2024) source: Bank of England The Bank of England left the benchmark bank rate steady at 4.75% during its December 2024 meeting, in line with market expectations, as CPI inflation, wage growth and some indicators of inflation expectations had risen, adding to the risk of inflation persistence. The central bank reinforced that a gradual approach to removing monetary policy restraint remains appropriate and that monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflation returning sustainably to the 2% target in the medium term have dissipated further. The central bank will continue to decide the appropriate degree of monetary policy restrictiveness at each meeting.
ECONOMICS:GBINTR
by Mr_J__fx
$GBIRYY -U.K CPI (November/2024)ECONOMICS:GBIRYY (November/2024) source: Office for National Statistics - The annual inflation rate in the UK edged up for a second month to 2.6% in November 2024 from 2.3% in October, matching forecasts. It is the highest inflation rate in eight months, with prices rising at a faster pace for recreation and culture (3.6% vs 3% in October), mostly admission fees to live music events and theaters and computer games; housing and utilities (3% vs 2.9%), particularly actual rents for housing; and food and non-alcoholic beverages (2% vs 1.9%). In addition, transport prices fell much less (-0.9% vs -1.9%) as upward effects from motor fuels and second-hand cars were partially offset by a downward effect from air fares. Meanwhile, services inflation was steady at 5%. Compared to the previous month, the CPI edged up 0.1%, less than 0.6% in October and matching forecasts. The core CPI rose 3.5% on the year from 3.3% in October but below forecasts of 3.6%. On the month, core prices stalled.
ECONOMICS:GBIRYY
by Mr_J__fx
$GBIRYY -U.K Inflation Rate Above Forecasts (October/2024)ECONOMICS:GBIRYY 2.3% October/2024 source: Office for National Statistics - Annual inflation rate in the UK went up to 2.3% in October 2024, the highest in six months, compared to 1.7% in September. This exceeded both the Bank of England's target and market expectations of 2.2%. The largest upward contribution came from housing and household services (5.5% vs 3.8% in September), mainly electricity (-6.3% vs -19.5%) and gas (-7.3% vs -22.8%), reflecting the rise of the Office of Gas and Electricity Markets (Ofgem) energy price cap in October 2024. Also, prices rose faster for restaurants and hotels (4.3% vs 4.1%) and rebounded for housing and utilities (2.9% vs -1.7%). Prices of services increased slightly more (5% vs 4.9%), matching estimates form the central bank. On the other hand, food inflation was steady at 1.9% and the largest offsetting downward contribution came from recreation and culture (3% vs 3.8%). Compared to the previous month, the CPI increased 0.6%. Finally, annual core inflation edged up to 3.3% from 3.2%.
ECONOMICS:GBIRYY
by Mr_J__fx
$GBIRYY -U.K CPI (September/2024)ECONOMICS:GBIRYY 1.7% source: Office for National Statistics -Annual inflation rate in the UK fell to 1.7% in September 2024, the lowest since April 2021, compared to 2.2% in each of the previous two months and forecasts of 1.9%. The largest downward contribution came from transport (-2.2% vs 1.3%), namely air fares and motor fuels. Fares usually reduce in price between August and September, but this year this was the fifth largest fall since monthly data began in 2001. Also, the average price of petrol fell to 136.8 pence per litre compared to 153.6 pence per litre in September 2023. In addition, prices continued to fall for housing and utilities (-1.7% vs -1.6%) and furniture and household equipment (-1% vs -1.3%) and cost rose less for recreation and culture (3.8% vs 4%) and restaurants and hotels (4.1% vs 4.3%). Meanwhile, services inflation slowed to 4.9%, the lowest since May 2022, from 5.6% in August. On the other hand, the largest offsetting upward contribution came from food and non-alcoholic beverages (1.9% vs 1.3%).
ECONOMICS:GBIRYY
by Mr_J__fx
$GBIRYY CPI (August/2024)ECONOMICS:GBIRYY CPI Data (August/2024) 'UK Inflation Rate Steady at 2.2%' source: Office for National Statistics - Annual inflation rate ( ECONOMICS:GBIRYY ) in the UK steadied at 2.2% in August 2024, the same as in July, and in line with expectations. The largest upward contribution came from air fares while the biggest downward contributions came from prices for motor fuels, and restaurants and hotels. Compared to the previous month, the CPI rose 0.3%, following a 0.2% fall in July and also matching expectations.
ECONOMICS:GBIRYY
by Mr_J__fx
$GBP - What shall we do now?$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open we hit lows of 1.03... Now, if we can hold the levels of these levels and perhaps go above 1.09 then no worries. However, if we carry on with these moves then things will get very interesting and keep an eye on the Gilt & FTSE! Now it all looks very dismal when it comes towards headlines but actually there are coming amazing investment opportunities the prices we are getting and of course if you're in USA, what a great time for you to visit! For Candle stick traders - dragon fly! Keep alert of what happens next, this week we have a lot speakers out of CB's and most importantly trade your plan! Best, TJ
by Trade_Journal
24
$GBINTRS - BoE's Snowball - The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose at their recent monetary policy committee meeting. The bank made the shock decision to raise borrowing costs a half percentage point, taking the official rate to 5% ; double the size of the increase anticipated by most economists. BoE hiking interest rates to 5% , it adds further strain to millions of homeowners across the country. The Central Bank Rates was upped by 0.5% from 4.5% previously and remains at it's Highest Level since 2008 Financial Crisis.
ECONOMICS:GBINTR
by Mr_J__fx
$GBIRYY - CPI (YoY)ECONOMICS:GBIRYY 2.3% (April/2024) source: Office for National Statistics The annual inflation rate in the UK eased to 2.3% in April 2024, the lowest since July 2021, compared to 3.2% in March and market forecasts of 2.1%. The largest downward pressure came from falling gas (-37.5% vs -26.5% in March) and electricity (-21% vs -13%) cost, due to the lowering of the Office of Gas and Electricity Markets (Ofgem) energy price cap in April. At the same time, prices slowed for food (2.9%, the lowest since November 2021 vs 4%) and recreation and culture (4.4% vs 5.3%). On the other hand, the largest, partially offsetting, upward contribution came from cost of motor fuels. The average price of petrol rose by 3.3 pence per litre between March and April 2024 to stand at 148.1 pence per litre, up from 145.8 pence per litre in April 2023. Prices also rose faster for restaurants and hotels (6% vs 5.8%) and miscellaneous goods and services (3.6% vs 3.4%). Compared to the previous month, the CPI rose 0.3%.
ECONOMICS:GBIRYY
by Mr_J__fx
UK100 FTSE100 - ABC Correction Uderway?Hello Guys, The yearly Candle is slightly Bullish - but we did not see a break on a closing base of the crucial 7900 area -> ATH. A Retest of this area would constitute a Bullish setup - which I would be happy to be part of after the last rallye. Q2 Close - Doji -> might see a consolidation phase from here with a sideways to down mentality - considering the recent gains the bulls had. The monthly Bias is Bearish. A Bearish Engulfing Pattern (Although a small one) has been formed. The Stochastic confirms a Bearish Bias - not totally contradicting the higher Timeframes! So Bulls be prepared for some drop… Just an idea from my side. A Double Top at 8400 would be a strong sign of Bears being back. -> For the bulls 7900 has to hold - for the bears 8400. Thats all for now… Thanks for reading
FX:UK100Short
by MeruEU
United Kingdom GDP (QoQ) ECONOMICS:GBGDPQQ Great Britain officially entered in Recession due to Two Consecutive Negative Quarters. The British economy contracted 0.3% on quarter in Q4 2023, following a 0.1% decline in Q3, worse than market forecasts of a 0.1% fall, preliminary estimates showed. The economy entered recession amid a broad-based decline in output, namely in services (-0.2%, the same as in Q3), particularly wholesale and retail trade (-0.6%); industrial production (-1% vs 0.1%), mostly manufacture of machinery and equipment (-7%) and construction (-1.3% vs 0.1%). On the expenditure side, there was a fall in exports (-2.9% vs -0.8%), imports (-0.8% vs -1.8%); household spending (-0.1% vs -0.9%), particularly lower spending on recreation and culture, miscellaneous goods and services, and transport; and government consumption (-0.3% vs 1.1%), namely lower activity in education and health. Those falls were partially offset by an increase in gross capital formation (1.4% vs -1.4%), mostly other buildings and structures. Considering full 2023, the GDP in the UK edged up 0.1%. source: Office for National Statistics
ECONOMICS:GBGDPQQ
by Mr_J__fx
$GBIRYY -CPI (YoY)The inflation rate in the United Kingdom remained stable at 6.7% in September 2023, holding at August's 18-month low and defying market expectations of a slight decrease to 6.6%. Softer price increases in food and non-alcoholic beverages (12.1% vs 13.6% in August) and furniture and household goods (3.7% vs 5.1%) were offset by a smaller decline in energy costs (-0.2% vs -3.2%) on the back of a monthly rise in motor fuel costs. Moreover, the core inflation rate, which excludes volatile items such as energy and food, dropped to 6.1%, reaching its lowest point since January but slightly exceeding forecasts of 6%. Both of these figures have remained significantly above the Bank of England's 2% target, further emphasizing the mounting inflationary pressures in the country and complicating further the task for policymakers who are expected to keep interest rates unchanged at the upcoming meeting. On a monthly basis, the CPI rose by 0.5% in September, the most substantial increase since May. source: Office for National Statistics
ECONOMICS:GBIRYY
by Mr_J__fx
The RICS UK House Price Balance - Trending Up For Now The RICS UK House Price Balance (Released this Thursday 14th Mar 2024 for Feb month) The Royal Institute of Chartered Surveyors (RICS) House Price Balance is a monthly survey that indicates whether more or less surveyors expect housing prices to rise or fall in the U.K. housing market. A positive net balance suggests house price increases, while a negative net balance implies price decreases. The RICS provides valuable insight into the UK housing markets trend and helps gauge the direction of house price movements whilst also offering insight into consumer spending. The Chart The RICS House Price Balance is calculated as the proportion of surveyors reporting a rise in housing prices minus the proportion reporting a fall in prices. It reflects the expected monthly change in national house prices. Positive vs. Negative Net Balance: A positive net balance indicates that more surveyors expect price increases, signaling a robust housing market. A negative net balance implies that more surveyors anticipate housing price decreases, indicating a fragile housing market. Green Area 🟢 = More Surveyors Reporting an Increase in House Prices Red Area 🔴 = More Surveyors Reporting an decrease House Prices Grey Areas ⚫️= Recessions ▫️ The RICS fell sharply from April 2022 down to the 0% level in Oct 2022. This was a leading indication of a downward trend UK House market prices (falling from 78% in Apr 2022 to 0% in Oct 2022). ▫️ The RICS fell into the red zone from Oct 2022 forward indicating that houses prices from this date were in net decline (per surveyors responses). ▫️ Almost 12 months later the RICS reached a low of -66% in Sept 2023. Since this date we have started to trend upwards sharply recovering from -66% to -18.4% today. However we remain in net negative territory indicating house prices are still in declining but not as much as before, a change of trend may forming indicating a move to house price appreciation (not confirmed until we move above the 0% level into + territory). ▫️ The Historic Recession Line on the chart illustrates the -63% level which crossed by the RICS at the onset of the 1990 and 2007 recessions (grey areas on chart). We recently penetrated this level moving to -66% in Sept 2023 which historically does not bode well. This weeks RICS release will be very revealing and could tell us if we have a continuation of the upward trend for UK House prices or if we we remain firmly in negative territory. Lets see what Thursday brings, a fascinating little metric to help us keep an eye on the property market in the UK and the to get an idea of UK consumer behavior. PUKA
ECONOMICS:GBRICSHPB
by PukaCharts
British pound is ready for a new fall!In last post, I drew your attention to the problem of the UK public debt. The situation there is critical... It is logical to expect that the problem with public debt will lead to a weakening of the pound. High inflation, high key rate, high budget deficit relative to GDP are fundamental factors that will put pressure on the GBP. According to technical analysis, the situation is also negative. We saw a false exit of the GBP/USD pair beyond 1.24, and now we should expect a fall to the level of 1.18 - which is support. If such a scenario is realized, a bearish “head and shoulders” pattern will form on the chart, which implies a further medium-term drop to 1.11. You can find even more useful analytics in the header of my profile 🎩 If you are interested in parsing for other assets - write in the comments which asset you need to parse 🔍
Short
by Dorado_Crypto
Bitcoin : Be Ready for the next moves Good Day Everyone Bitcoin's Consolidation at 28/28.5k Areas Suggests Possible Retest of 25k Areas Bitcoin, the world's most popular cryptocurrency, has been consolidating in the 28/28.5k areas for some time now. This consolidation phase suggests that a possible downside move may be in the cards, with the 25k areas being the likely target for a retest. One of the key indicators that support this bearish scenario is the RSI (Relative Strength Index), which is currently in overbought territory on the daily timeframe, with readings above 60 points. This level of RSI typically suggests that an asset is due for a corrective move. Furthermore, the wave 5, which was previously discussed, is now completed, and any further extension would require a breakout above the 29k areas. However, the current price movements and volume do not seem to support such an upward move anytime soon. Given the current market conditions, the best trading strategy, in my opinion, would be to sell around the 28.4/28.5k areas, with a stop-loss set above 29k. For those trading on leverage, it is advisable to use a low leverage of 3-5x maximum to minimize potential losses. Overall, while there is still some uncertainty in the crypto market, the consolidation phase at the 28/28.5k areas and the overbought RSI suggest that a corrective move may be imminent, with the 25k areas being a likely target for a retest. As always, it is crucial to stay up-to-date with the latest market developments and adjust trading strategies accordingly. Good Luck And Have A Nice Weekend
Short
by Htback
FTSE going to beat major indices and close the year in gains?The FTSE100 index (FTSE100) has resumed its bullish trend since the October 13 bottom after hitting both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) on December 20. In fact, against all odds during this inflation crisis and in contrast to its heavy stock index counterparts, it is about to close the year in gains (if it stays above the 7420 level this week). Practically, the index has been within a huge Rectangle pattern in 2022, ranging within 7700 and 6710. If that's not impressive enough, it just completed a Golden Cross on the 1D time-frame (when the 1D MA50 crosses above the 1D MA200), which is technically a bullish formation. Last time we saw this pattern was on December 02 2020, as the index was recovering from the COVID crash globally. The price made a Low exactly at the time of the Golden Cross and started a very sustainable rise pattern. What adds more weight to a bullish continuation, is the fact that the RSI on the 1W time-frame tested and held the former Lower Highs trend-line that was in effect through the majority of 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FLong
by TradingShot
Rishi Sunak wins the UK Prime Minister raceEUR/USD 🔼 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔽 After his last competitor leaves the race, Rishi Sunak will soon become the new leader of the UK conservative party, also the nation’s Prime Minister. While the market looks forward to better financial stability in the UK, the British Pound has declined to 1.1275 against the US dollar. While the Japanese government did not confirm a previous market intervention in its currency rate, USD/JPY had surged more than 140 pips and stabilized at 148.96. USD/CAD rose to 1.3704, investors expect a 75 bps rate hike from the Bank of Canada on Thursday. EUR/USD closed at 0.9874 with minor gains, and the AUD/USD pair was last traded at 0.631, losing almost 70 pips. Gold price went below $1,650 to a closing price of $1,649.41 an ounce. Despite a slowed Chinese demand and a stronger greenback, WTI oil futures suffered only minimal losses at $84.58 a barrel.
by Mitrade_official
UK policy announcements fuels rally against the greenbackEUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 USD/JPY 🔼 XAU 🔼 WTI 🔽 The new UK chancellor has scrapped more tax cuts in the "mini-budget", and slashed its energy subsidies. Although the new administration's grip on authority remains tenuous, the British Pound and Euro significantly managed to bounce back against the US dollar. GBP/USD reached a high of 1.1431, then retreated to 1.1353, while EUR/USD rose over 100 pips and closed at 0.9838. Stocks also improved upon a return of risk appetite. The three major indices rebounded with notable gains, the biggest earner being the Nasdaq 100, which increased 370 points (+3.46%) to 11,062. Dow Jones and S&P 500 also added 1.86% and 2.65% respectively. AUD/USD climbed and stabilized at 0.629, and the Reserve Bank of Australia maintained that moderate rate hikes are likely needed to control inflation. USD/CAD plunged almost 170 pips to 1.3709, and USD/JPY traded higher to a 32-year high of 149.03. A weaker dollar sees the gold price last trading at $1,650.67 after a high of $1,666.4 an ounce. WTI oil futures closed slightly lower at $84.53 a barrel, citing Energy Information Administration's higher expectations in US oil production.
by Mitrade_official