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The EURUSD is rolling over as the daily looks to complete a continuation pattern.
The technical outlook has deteriorated significantly after the pair slumped in July and markets turn to a potentially consequential rate decision by the Bank of England on Thursday
Gold is inversely related to real rates in the current market environment. This connection may suggest that the recent gold appreciation is a rally in a broader downtrend.
The Japanese Yen attracts risk-off flows due to geopolitical jitters and the pair extends its decline to critical levels, in the aftermath of the Fed’s reserved stance
The RBA delivered its fourth straight rate hike, but changed its rhetoric in a way that could be a precursor of more moderate moves ahead, sending AUD/USD lower
The pair starts the week on the front foot after Friday’s PCE-induced volatility, as markets gear up for Thursday’s interest rate decision by the Bank of England
The pair heads towards the conclusion of a very bad month and week, due to cool-down in Fed hike expectations and the negative Q2 GPD print from the US
The US central bank delivered another 75 basis point rate increase on Wednesday, but offered no guidance, while reiterating its commitment to bring inflation down and brushing off recession fears
Australia’s Consumer Price Index hit the highest levels in two decades, but was a tad lower than expected and the pair is cautious, as markets brace for the Fed’s monetary policy decision
The British Pound shows some signs of exhaustion today, finding hard to extend its recent recovery past key technical levels, as markets brace for Wednesday’s Fed rate decision
The pair lost ground last week, as expectations around the Fed’s next move cooled down, but today it consolidates and tries to hold above key technical levels
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