EUR/USD Rallies as ECB Minutes Show Readiness to Act
The common currency rises today, helped by somewhat hawkish minutes from the European Central Bank and the US Dollar’s demise
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The common currency rises today, helped by somewhat hawkish minutes from the European Central Bank and the US Dollar’s demise
The US Index posted its worst day since the height of the pandemic yesterday, as major retailers saw their bottom lines getting crushed, causing risk aversion and renewed fears of stagflation
Unemployment in Australia dropped to the lowest level in nearly 50 years, sending the Aussie higher and making the central bank’s recent tightening efforts easier, ahead of this week’s elections
Large US retailers were in focus this week, as they reported their earnings, which showed lower profitability and margins in an environment of high inflation
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
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