A renewed bout of US dollar strength on the back of a weak Euro and strong US data has seen GBP/USD fall to a fresh multi-month low

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The ECB decided to hike rates by 25-bps to 4% while suggesting rates have now peaked. Staff forecasts highlight a worsening growth and inflationary outlook for 2024

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Oil prices resumed their upside rally this morning following a brief pause yesterday on surging US inventories. How much further will Oil prices advance before a retracement, as the 14-day RSI hovers in overbought territory?

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Indices have held up relatively well despite the rise in monthly US inflation growth, but caution prevails ahead of the ECB decision.

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Gold prices look for cues from US PPI and retail sales as to the Fed’s rate cycle after yesterday’s headline CPI ticked higher. XAU/USD eyes $1900.

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