Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Wall Street Analysts Weigh in on Latest NFP Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
The rate of inflation across the UK dropped to 2.7% in February 2018 from 3% in the previous month and below market expectations of 2.8%. It was the lowest rate since July last year, as prices increased at a softer pace for transportation, recreation & culture, restaurants & hotels, and food & non-alcoholic beverages.
The news that President Trump is planning $60bln of tariffs on Chinese imported goods, despite warnings at the G20 meeting of the risks of the “America first” agenda. The White House seems to also be lobbying other nations for support against Chinese trade policies, by offering relief from steel and aluminum tariffs. The EU’s trade commissioner is in Washington today to discuss tariffs.
Brexit breakthrough: EU and Great Britain agree on transition period” was the major headline all over the media yesterday that caused Sterling to soar. Initially, we were not totally surprised by the news. On Friday there had already been indications that an agreement in the negotiations over the weekend had become tangible.
Since Australia is having more exposure towards China, GBPAUD would likely have a major impact on this news. As a result, the consolidation phase of the underlying GBPAUD pair on intermediate trend seems to have been exhausted exactly at 1.8266 levels.
Well, overall we favor upside bias a bit than to be the skeptic on GBPAUD. Consequently, one can stay long in futures contracts of near month tenors with a view to arresting further potential risks. On trading grounds, boundary binary options like structures are advocated.
Currency Strength Index: FxWirePro's hourly GBP spot index has turned into 112 (which is bullish after UK CPI prints at 2.7%), while hourly AUD spot index was at shy above -136 (bearish) while articulating (at 12:22 GMT). For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex
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