GBP/USD Gains On US Inflation, Surprise Sign of UK Growth
The Pound got some rare support from its domestic economy, but US Inflation is doing the heavy lifting here
Source: dailyfx.com
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Gold Prices Hold Nascent Uptrend As Markets Look To Fed
The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have lent some support.
Source: dailyfx.com
USD/JPY Slips Back As Market Looks To Fed Chair Powell
The Japanese Yen remains under severe pressure as global interest rate rises leave it a yield laggard.
Source: dailyfx.com
Crude Oil Edges Higher But Remains Pressured By Demand Weakness
Brent Crude steadied after recent falls but worries over end -user demand seem to be outweighing the supportive effects of production cuts.
Source: dailyfx.com
EUR/USD Struggles as Markets Look To EU Energy Meet
The Euro’s modest fightback already appears to be faltering as economic headwinds gather and European Union ministers meet to discuss energy prices.
Source: dailyfx.com