The EUR/GBP currency pair continues to consolidate near the lower end of the trading range ahead of UK PMI data and BoE rate decision
USD shorts wrongfooted by hawkish Fed. JPY short squeeze. GBP bulls look to fade EUR/GBP recovery
IG client positioning data are sending out a bearish signal for USD/JPY even though the pair continues to trend higher.
Gold prices resume pullback ahead of Powell’s speech later this evening
A ‘cup and handle’ formation is being made on the USD/CAD daily chart suggesting higher prices may be seen in the future
Several factors could help GBP/USD modestly over the next couple of days but no significant move is likely ahead of the Bank of England’s policy meeting Thursday.
Increased rate bets following June's FOMC rate decision roiled markets, including commodities. Crude oil received a boost on Iran's election, while gold and copper look to incoming inflation data o...
The Nasdaq 100 rebounded as Fed Chair Jerome Powell’s comments soothed market fears about tapering. This may set a positive tone for APAC trade. Bitcoin tumbled after China intensified a crackdown ...
The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data.