The US Dollar has pulled back, and now the focus shifts to Europe for the ECB rate decision. Can the bank bring some life back to the Euro and, in-turn, EUR/USD?
The British Pound is pushing for recovery against both the US Dollar and the Japanese Yen. Can Sterling bulls hold the bid long enough to allow a reversal to take-hold?
Gold prices are grasping to keep grip of support at the 1700 handle. Two-year-lows are nearby and vulnerable – will Gold bears take their swing now or wait til after a retracement?
The US Dollar set a fresh 19-year-high after another fresh 40-year-high printed with CPI. There’s now building expectation for a 100 bp hike from the Fed later this month.
The Euro put in a test at parity earlier this morning and that’s led to a bounce. Tomorrow brings CPI data out of the US and earnings season follows next week.
The Euro has had a very bearish start to Q3 and there’s been nary a stall or pullback in the move so far, setting up a troubling picture around the Euro-Zone as inflation remains above 8%.
The US Dollar has set a fresh 19-year-high to get a fast start to Q3 trade. EUR/USD has fallen below the 1.0300 handle and GBP/USD is testing below the 1.2000 big figure.