EUR/USD Catches its Breath at Multi-Month Highs, Where to Next?
EUR/USD has been on a tear this week, on course for its largest weekly gain since November 2022. Can the dollar regain any semblance of strength ahead of the July FOMC meeting?
EUR/USD has been on a tear this week, on course for its largest weekly gain since November 2022. Can the dollar regain any semblance of strength ahead of the July FOMC meeting?
The Japanese Yen has gained fully from general Dollar weakness as markets reassess US rate-rise chances
Cable’s impressive rally has been largely driven by the USD selloff. Additionally, the disconnect in US/UK inflation dynamics bodes well for sterling ahead of UK CPI
Outlook on FTSE 100, DAX 40 and S&P 500 as the Q2 earnings season kicks off with the likes of JPMorgan, Citigroup, Wells Fargo and Blackrock.
Renewed US dollar weakness has given gold the strength to take out a layer of stubborn resistance that has been holding the precious metal back for weeks.
Cryptocurrencies jumped after a US judge ruled on Thursday that Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges. Technical charts suggest Bitcoin and Ethereum could be preparing for another leg higher.
The crude oil price eased a touch today as it remains trapped in a range with soft Chinese data and Madame Secretary Yellen not ruling out a US recession. US CPI is now in view.
The Australian Dollar slipped slightly after the Australian Government announced the Michele Bullock will be the new RBA Governor. It is widely seen as a safe option.