Sterling Fundamental Forecast: GBP Desperate for Bullish Catalyst
The pound has not fared well despite being rather proactive regarding rate hikes. The inflation-induced ‘cost of living crisis’ weighs on the currency and growth
The pound has not fared well despite being rather proactive regarding rate hikes. The inflation-induced ‘cost of living crisis’ weighs on the currency and growth
Russian foreign exchange reserves grew from last week, yet still remain well below pre-invasion levels.
The US dollar is trading at its highest level since May 2020 prompted by the ongoing rally in US Treasury yields.
USD/CAD reverses higher amid softer sentiment and US Dollar dominance.
Brent crude is trading around the key $100/barrel mark, with a candle close below going into the weekend opening up substantial downside potential next week.
The dollar has revealed a renewed impetus on the back of hawkish Fed officials’ comments while the euro languishes. Will next week’s ECB meeting halt euro declines?
The US Dollar just set another fresh high as the Fed continues to prep the runway for a massive shift to policy later this year.
The S&P 500 has staged an extraordinary rally since stimulus measures were implemented in the wake of the outbreak of the Covid-19 pandemic in early 2020.