Page 2 - Sentiment Data News Today

Gold remains delicately poised as Silver breakout hints at further upside. Oil on the other hand will be driven by the postponed OPEC+ meeting. Will OPEC+ announce further cuts?

Pound prices stay elevated after UK public sector borrowing beat expectations but highlighted the persistent debt crisis. FOMC minutes next up for GBP/USD.

GBP prices rallied despite a fall in employment change as unemployment and average earnings stole the show. Pound remains bid.

GBP prices are marginally higher this Monday morning but traders remain cautious ahead of UK and US inflation data. BoE and Fed officials in focus today.

GBP prices depreciated marginally against the USD after UK GDP highlighted the tough environment facing the UK economy.

GBP prices softened as BoE Governor Bailey hinted at a possible peak in UK interest rates while markets keenly await Fed Chair Jerome Powell and other Fed speakers.

The BoJ delivered a minimal tweak to policy this week with markets still betting on rate hikes in April 2024. USDJPY benefitted from a weaker US Dollar which should it continue could negate the need for full blown BoJ FX intervention.

GBP prices stayed elevated after the BoE decided to hold rates constant yesterday. Today, all eyes shift to US data including NFP and ISM services PMI’s.

GBP prices stay suppressed ahead of both the Fed and BoE interest rate decisions later this week.

Australian Economy has been showing signs of resilience with labor data remaining strong. Governor Bullock delivers hawkish message in first speech underpinning the AUD ahead of inflation data tomorrow. Lets us take a look at potential trading setups