EUR/USD Cautious as Markets Digest Mr Powell’s Comments and Eurozone inflation
The common currency loses steam after the solid start to the week, as mr Powell reasserts his hawkishness and Eurozone inflation stabilizes
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The common currency loses steam after the solid start to the week, as mr Powell reasserts his hawkishness and Eurozone inflation stabilizes
The pair comes from six weeks of losses and struggles to snap the streak, trading with caution today below important technical levels
The pair consolidates this week and trades with caution today, as markets digest Chair Powell’s Tuesday commentary and poor data form Japan
XAU/USD takes advantage of the greenbacks demise and extends yesterday’s gains, after avoiding fresh 2022 lows
The British pound surges as markets shake-off last week’s risk aversion, also helped by upbeat employment data from the UK, but NI Protocol dispute looms
Cryptocurrencies and Bitcoin in particular, is often viewed as an inflation hedge, but its performance during the surge in US consumer prices does not back this trait
The pair starts the week on a good footing, despite the lower growth forecast by the EU Commission and UK the Northern Ireland Protocol changes eyed by the UK
The world’s second largest consumer of oil, reported some disappointing economic data earlier, causing the commodity and broader market sentiment to dive
The week of May 09-13 was bad for Wall Street and definitely did not lack headlines, as Elon Musk just put the Twitter deal temporarily on hold, Ford sold Rivian shares, Disney+ impressed and other news attracted attention
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
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