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GBP/USD Slips Back as Weak Eurozone Data Favor Haven Greenback
GBP/USD hasn’t derived much support from this week’s big interest rate rise from the Bank of England
Oil Price Forecast: WTI and Brent Rally Fails at the First Hurdle, Further Downside Ahead?
Oil prices face renewed selling pressure as a combination of hawkish Central Banks and rising recessionary fears weigh on prices. Is a retest of the YTD low on the cards?
FTSE 100 back in negative territory, DAX and S&P 500 come off highs
Outlook on FTSE 100, DAX 40 and S&P 500 as further rate hikes lie in store.
Euro Breaking News: Frightful German & EZ PMI’s Exacerbate Risk Off Move on EUR/USD
The euro is on offer this morning as German and EZ PMI’s miss forecasts while risk aversion augments the downside move.
Gold Rally Cracks: To What Extent XAU/USD Could Fall?
Gold’s fall below key support confirms that the multi-week upward pressure has faded as hawkish central bank rhetoric and improving broader risk sentiment diminish the safe-haven appeal of the yellow metal.
Asia Day Ahead: Wall Street Rally Pauses Ahead of Series of Fedspeak
With the conclusion of the recent Federal Open Market Committee (FOMC) meeting, a series of hawkish Fedspeak is lined up on the horizon.
