Euro Weakness: Lagarde’s Test
Last month the European Central Bank (ECB) confirmed its intentions to raise rates by 25bp at the next monetary policy meeting
Last month the European Central Bank (ECB) confirmed its intentions to raise rates by 25bp at the next monetary policy meeting
The race for Prime Minister heats up on Friday ahead of the 5 candidate TV debate. Elsewhere, UK CPI and unemployment data to confirm or obfuscate positive GDP data
US consumer sentiment data rose in June, as inflation and growth concerns continue to present challenges.
Indices and risk assets recover as Fed allays rate hike fears.
This morning brings a couple of key US data points, starting with the release of retail sales data for the month of June.
Risks remain tilted to the downside for the Australian Dollar.
Gold has wasted no time, dropping through major support as commodity markets digest worsening economic conditions (China GDP) and accelerating rate hike expectations
The euro is at the mercy of many fundamental and political moving parts which should see increased EUR/USD volatility next week.
Ethereum is transitioning from a proof-of-work (PoW) consensus mechanism to a more eco-friendly proof-of-stake (PoS) consensus with the switch expected to be complete by Q3/Q4 2022.
The Australian Dollar saw a delayed upside reaction after China’s second-quarter GDP disappointed, with traders focusing on positive June Data instead. AUD/USD is nearing wedge resistance.