Retail numbers strong with previous revised up; rates hikes on track
Retail numbers are strong, with previous revised up.
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Retail numbers are strong, with previous revised up.
The US 10-year yield has paused, but underlying momentum has not dissipated.
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
Gold bulls support the price on the short-term pivot, but the longer-term trend may dominate.
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 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 Fed delivered a 50bps hike as expected, and the BoE statement makes a stagflation inference. RBA also raises rates in this uncertain economic environment. All eyes now turn to this week's CPI print in anticipation of moderation.
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 Fed and BoE have hiked rates, and pressure is on the ECB to raise, but growth concerns may limit policy.
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