Pressured British Pound Holds On Above $1.27 As US CPI Data Loom
A lack of domestic news saw the Pound lack direction on Wednesday but there’s plenty coming and its near-term downtrend looks hard to shake
A lack of domestic news saw the Pound lack direction on Wednesday but there’s plenty coming and its near-term downtrend looks hard to shake
Gold approaches the 200-day SMA ahead of tomorrow’s US CPI print. Silver on the other hand, has already crossed the trend filter, opening up further downside risk
The price of oil is touching fresh multi-month highs as markets continue to price in a soft landing in the US.
Euro assets are responding well this morning after Italian authorities clarified that yesterday’s windfall tax on banks will not amount to more than 0.1% of total bank assets
Indices staged a recovery yesterday, with some cautious gains seen in indices this morning.
EUR/GBP remains rangebound while GBP/NZD continues to push higher as traders wait for Friday’s UK GDP data
The Japanese Yen melted again today as the US Dollar ascendency got back on track after investors and traders reassessed their exposure to risk assets. Will USD/JPY test prior peaks?
The US Dollar ascendency got back on track in the last few sessions as traders and investors sought safety in bonds with risk assets coming under pressure. Will GBP/USD break lower?