AUD/USD Forecast: Weaker Commodities and Stronger USD Weigh on Australian Dollar

AUD/USD begins the European session on the backfoot with several headwinds suppressing the commodity linked currency as we look forward to Fed Chair Powell’s testimony.

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British Pound: UK Inflation Remains at Multi-Decade Highs, GBP/USD Nudges Higher

UK inflation nudged higher in May, keeping the pressure on the Bank of England to take a more aggressive stance on hiking interest rates.

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Crude Oil Price Tanks as Recession Fears Grow Ahead of Fed Chair Powell’s Testimony

Crude oil gave up more ground today as risk aversion permeated markets ahead of Powell's testimony before Congress later today. Will WTI break lower?

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