US yields and the dollar have responded in a big way to strong US data that continues to defy logic. Talk of cautiousness and data dependency may fuel USD upside
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Gold Prices Inch Back From Fed-Inspired Battering, Hold Above $2000
Gold prices took the prospect of higher US rates for longer as poorly as you might expect, but geopolitics have limited their falls
from DailyFX – Market News https://bit.ly/3OxAEJ5
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British Pound Bounces at Key Support, Fed Speakers Likely To Dominate Trade
GBP/USD is like all other major pairs focused on the extent to which the Fed will underwrite the markets’ new rate-cut views
from DailyFX – Market News https://bit.ly/3SqW3ol
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Dow Edges Lower and Nasdaq 100 Holds up, While Hang Seng Surges
US markets are little-changed, but in China indices have been rallying hard on more promises of state support for stocks.
from DailyFX – Market News https://bit.ly/3war9Jy
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RBA Holds Rates, Issues Hawkish Guidance in Response to Inflation Risks
AUD/USD witnessed broad-based gains after the RBA failed to rule out another rate hike in efforts to contain inflation
from DailyFX – Market News https://bit.ly/3Oy0n4a
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