GBP/USD is weakening towards trendline support after a largely weak set of UK GDP figures and as the US Dollar is boosted by news of the highest US inflation rate in 30 years.
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GBP/USD is weakening towards trendline support after a largely weak set of UK GDP figures and as the US Dollar is boosted by news of the highest US inflation rate in 30 years.
from DailyFX – Market News https://bit.ly/3Fm0SY3
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The Japanese Yen took a double hit with the US Dollar strengthening and G-10 yields marching higher after a wild US CPI number. Can USD/JPY make new high?
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Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.
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Crude oil prices fell as volatility rocked Wall Street after stronger-than-expected CPI data and a 30-year Treasury auction. Retail positioning hints that prices may decline next.
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Gold Prices shifted sharply higher overnight as market volatility swelled following a hotter-than-expected US inflation reading. Bullion may gain alongside inflation expectations, breakeven rates.
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