USD Breaking News: Favourable PPI Print Accompanied by Softening Jobs Data

PPI revealed a welcome print below expectations at the same time a key jobs indicator, initial jobless claims, turned higher. USD continues move lower

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Bank of England Hikes Rates by 25 Basis Points to 4.5%, Sterling Nudges Higher

The Bank of England (BoE) hiked interest rates by 25bps, the 12th consecutive time that the central bank has increased the UK Bank Rate. Sterling tests 1.2600 against the US dollar.

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Gold Price Forecast: Bears Face a Tough Task as Ongoing Uncertainty Keeps Gold Supported

Spot Gold bears make a fresh push lower helped by some dollar strength. Acceptance below $2000/oz seems an impossible task as recessionary fears remain in play.

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ECB Speakers Fail to Boost EUR as US Debt Ceiling Concerns Grow

EUR/USD continues to weaken after reaching 2023 highs. The euro now faces fading risk appetite while ECB speakers attempt to back the EUR with hawkish guidance.

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US Dollar Vulnerable Ahead of BoE Rate Call and ECB Speakers. Higher EUR/USD?

The Euro consolidated today despite US Dollar weakness post CPI. Chinese CPI was also soft prompting hopes that the PBOC might turn dovish. ECB speakers today might drive EUR/USD.

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