The Pound is headed for a terrible month against the Dollar as an uncertain out look for both interest rates and the UK economy work against it
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The Pound is headed for a terrible month against the Dollar as an uncertain out look for both interest rates and the UK economy work against it
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Outlook on FTSE 100, DAX 40 and S&P 500 as the ‘rates higher for longer’ scenario continues to weigh on stocks.
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The rally in US indices appears to be cracking – the S&P 500 and the Dow Jones Industrial Average (DJIA) have broken below key support, while the Nasdaq 100 index looks vulnerable amid a potential bearish formation.
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Elevated Treasury yields, higher oil prices and a gridlock in the US government funding bill serve as prevailing risks for markets to digest.
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AUD held early gains after Australia CPI accelerated last month, reinforcing the growing view that interest rates will remain higher for longer. What’s next for AUD/USD and AUD/NZD?
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