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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?