2023

GBPUSD struggles to bounce Cable turned lower after the US CPI showed an uptick in July. The pair had previously found support over June’s swing low of 1.2600, a major level on the daily chart, as trend followers look to sustain the…
Read More

The consensus among analysts is that the UK will have managed to scrape out a very small amount of growth in the second quarter. Tomorrow sees the publication of the preliminary version of the data, which could be subject to revisions…
Read More

Gold remains in a bear market as the $1920 level begins being tested. With YoY inflation data expected to pick up, higher rates could weigh heavy on the yellow metal. As Silver follows the same path, are the metal markets in for a…
Read More

AUDUSD struggles to rebound The Australian dollar retreats over lower consumer inflation expectations. On the daily chart, the price is in a M-shaped consolidation, indicating that the aussie is at a crossroads after it gave back all…
Read More

For so many countries, getting inflation down has been a real challenge. So, a bit of deflation might be seen as a good thing. But the opposite of inflation is also a problem for an economy. And the existence of deflation in a period when…
Read More

EURUSD struggles for bids The euro slips as consumers across the Euro zone lower their inflation expectations. On the daily chart, the pair is looking to hold onto July’s lows around 1.0840 as the euro’s recovery seems to have gained…
Read More

After the Fed said it would be data-dependent about its next rate decision, the latest economic figures have become much more likely to jolt the market. Last week's jobs numbers were a bit of a mixed bag, but Fed officials later said they…
Read More

USDCHF bounces higher The US dollar steadies as Fed officials commented that further rate increases are likely. The pair is still in a slow recovery, probing for resistance as sellers take some chips off the table. The bounce has hit…
Read More