Chinese Yuan Price Outlook: PBoC Cuts Rates Leaving Yuan Vulnerable

The Chinese yuan has depreciated against the dollar and pound sterling as accommodative monetary policy is favoured to reignite the economic recovery

from DailyFX – Market News https://ift.tt/JuTB7pO
via IFTTT

UK Core Inflation Breaches 7% as Headline Beats Estimates GBP/USD Bid

UK headline inflation came in higher than expected but the core inflation print accelerated once more. Will the data inspire a more hawkish approach from the BoE heading into tomorrow’s meeting?

from DailyFX – Market News https://ift.tt/9PD2O6i
via IFTTT

S&P 500 & Nasdaq 100 Price Setups: Will Powells Speech Trigger a Reversal?

The S&P 500 and the Nasdaq 100 index are looking overbought and have run into stiff resistance areas, raising the risk of a minor retreat, especially if Fed Chair Powell’s tone later Wednesday is hawkish. What is the outlook and what are the key levels to watch?

from DailyFX – Market News https://ift.tt/FIKumfr
via IFTTT