Sterling is firm all round Thursday, with GBP/USD breaking above another important resistance level, and the pair now seems on course to hit 1.40 in due course.
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Sterling is firm all round Thursday, with GBP/USD breaking above another important resistance level, and the pair now seems on course to hit 1.40 in due course.
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The US Dollar was knocked back by July’s FOMC policy announcement but a close look at officials’ guidance hints the uptrend remains intact. Second-quarter GDP data is in focus next.
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A hawkish shift in the Fed’s monetary policy stance may mark another period of outperformance in the Nasdaq 100 index versus the Dow Jones Industrial Average.
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The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.
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Crude oil prices shifted higher after the EIA weekly report showed a bigger than expected drop in oil and gasoline stockpiles, eroding Covid demand-side fears.
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