Central Bank Watch: BOE & ECB Interest Rate Expectations Update
Rates markets have discounted several more rate hikes by the Bank of England and European Central Bank.
Source: dailyfx.com
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Rates markets have discounted several more rate hikes by the Bank of England and European Central Bank.
The US Dollar (via the DXY Index) has begun to carve out a range after reaching a fresh yearly high last week.
Gold prices continue to trade within in a multi-week symmetrical triangle.
EUR/JPY and EUR/GBP rates are in bullish breakout territory, while EUR/USD rates are rangebound.
Silver prices have stabilized over the past few weeks, but the worst may not be over yet.