GBP/USD Cautious After Thursday’s 2-Year Lows
The pair started the day with upbeat mood, trying to rebound form its two year lows, but faces headwinds as the European session gets underway
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The pair started the day with upbeat mood, trying to rebound form its two year lows, but faces headwinds as the European session gets underway
The pair drops today and looks like it will pause its eye-catching nine-week profitable streak, as the US Dollar faces headwinds
The Walt Disney Company reported strong financial results for fiscal Q2 2022 on Wednesday, with an addition of 7.9 million users in Disney+ and a profit for its Parks (DPEP) segment
The pair trades with caution after yesterday’s volatility sparked by the US CPI release, amidst hawkish commentary from ECB President Ms Lagarde
XAU/USD rebounds after its poor weekly start, as the greenback faces headwinds and markets prepare for today’s US Consumer Price Index
The German index made a poor start to the week with two-month lows but then rebounded and is supported today, as market sentiment seems to be in a good place
The index is harmed by the Fed’s aggressive tightening path and recent underwhelming tech sector earnings, but rebounds today after hitting the lowest level since November 2020
The G7 countries pledged over the weekend to phase out Russian oil, while in speech earlier today, Mr Putin did not announce any major policy changes
The week of May 02-06 marked another busy period, as we had many firms reporting the financial results, including Airbnb, German automaker BMW, European planemaker Airbus, ride-hailing rivals Uber and Lyft and more
The German index started the week on the front foot, but plunged yesterday as market sentiment soured, extending losses today as industrial production drops
The pair tries to catch a breath, following its worst day in two years, due to the Bank of England gloomy economic outlook
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