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Spot Gold briefly traded below the $1900 support level with a daily close below the 200-day MA for the first time since December 2022. A sign of further weakness ahead?
Apanese Finance Minister Suzuki sounded more like a record on repeat with comments around FX intervention this morning. The comments came on the back of a 3rd straight quarter of expansion.
AUD/USD may experience a short-term bounce following comments by the RBA Governor. The medium-term picture leaves the Australian Dollar looking vulnerable from both a technical and macro perspective.
The latest UK growth data showed the economy in slightly better health than previously thought. Next week, the latest inflation and jobs releases will be key for Sterling moving forward
The US dollar fell after the latest US Inflation Report showed annual price pressures easing more than expected in July