Sterling is going to need to do some heavy lifting to keep GBP/USD moving higher, and next week’s economic calendar is of little help.

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Capital markets attempted to retake control this past week on a Fed-driven charge, but the effort fell apart before hitting critical moment. The Dollar’s slide on the other hand is still on the verge of technical progression. Yet, momentum will compete with distraction around the following week’s Fed and ECB rate decisions.

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Global indices made a bid to charge the holiday rally early this year with a US-led break higher this past week. Yet, follow through is starting flag even as we move into December trade. With expected activity levels sinking but anticipation for key event risk rising, volatility is a high risk and trends are in jeopardy.

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Early effects of tighter policy were revealed in the lower October CPI print are not at odds of a stubbornly resilient job market and signs of increasing wage growth inflation

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EUR/USD alternates between gains and losses as the NFP release approaches. Can the NFP data offer the dollar some support?

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