S&P 500 Ekes Out Modest Gain Ahead of US CPI Data but Double Top Still in Play

The S&P 500 advances, but gains are modest amid market caution ahead of the June U.S. CPI report, which could help guide the Federal Reserve’s next steps in terms of monetary tightening.

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British Pound Setups: GBP/USD Eyes Resistance as EUR/GBP Flirts with Breakdown

The British pound has strengthened significantly in recent weeks, boosted by a hawkish repricing of interest rate expectations in the UK in the face of persistently high inflation.

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US Dollar Hits a Fresh Two-Month Low as Future Rate Hike Expectations Ease

The US dollar slipped Monday after various Fed officials suggested that while rates may move higher in June, the 15-month hiking cycle may be drawing to a close.

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