Strength Chart News Today

EURO Bulls received fresh impetus yesterday following news that the ECB may upgrade the forecast for 2024 inflation to above 3%. The result has seen rate hike expectation hawkishly repriced ahead of the US CPI release.

Gold starts the week on the front foot as the Dollar Index takes a breath. Will the idea of a 'soft landing' and a drop in US inflation help Gold bulls facilitate a renewed push toward the psychological $2000/oz mark?

Cable puts in modest gains to start the week buoyed by a weaker Dollar Index (DXY). Will Central Bankers at Jackson Hole provide a catalyst for a breakout?

UK retail sales disappoints following a wet July dragging the British Pound lower in early European trade. More gains in store for the GBP against the Euro and Greenback?

EUR/USD struggled at the back end of last week and that bled over into the Asian session. However, following the European open a short-term retracement is gaining traction. Is it sustainable though?

Cable has arrested a two-day slide in the Asian session as US CPI looms. Will US CPI and UK GDP data inspire a bullish continuation or is a deeper retracement in store?

Spot Gold is consolidating in a tight range ahead of US CPI. The Precious Metal seems in dire need of a catalyst at this stage as price action remains choppy.

A few positives for the Australian Dollar this morning as China lifts Barley tariffs helping AUDUSD to tick slightly higher in the Asian session. The beginning of a sustained move higher?

Euro faces renewed pressure as business activity continues to decline. Is this the beginning of a long-term downtrend or merely a correction following an extended upside rally?

EUR/USD faces a challenge in attempting to break the range high of 1.1100 without any significant change to the macro picture. Do bulls have enough juice or is another retracement incoming?