British Pound (GBP) Price Outlook: GBP/USD Sliding Towards Support as UK GDP Disappoints

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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Japanese Yen Tanks Against a Roaring US Dollar Post CPI. Will Yen Resume Weakening?

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?

from DailyFX – Market News https://bit.ly/3chrr49
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Crude Oil Prices Wobbled With Wall Street on Inflation Story, Will WTI Extend Drop?

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.

from DailyFX – Market News https://bit.ly/3bYSa5l
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Gold Price Forecast: Bullion May Rise Further on Rising Inflation, Breakeven Rates

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.

from DailyFX – Market News https://bit.ly/3wy9hUS
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