UK growth flatlined in April, adding to the woes of yesterday’s concerning jobs data. GBP/USD will be data dependent today as markets await crucial US CPI and the FOMC forecasts
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US Dollar Eyes CPI Data and FOMC Policy Release, Dot Plot Key Indicator
Today’s US inflation data for May and the latest FOMC policy decision, including the quarterly Summary of Economic Projections, will be the drivers of market price action over the coming weeks.
from DailyFX – Market News https://bit.ly/3z6QeGp
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Market Update – Risk Sentiment Slips, Gold, VIX Better Bid as US CPI and FOMC Near
Risk markets are on the backfoot as US trading starts, with European indices continuing this week’s move lower. Gold has stabilized and is using chart support to push higher.
from DailyFX – Market News https://bit.ly/3yZe0V1
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Euro Continues to Stumble as Periphery Bond Yields Come into Focus
The risk gauge for EU bond markets (periphery bond yields) have risen since French President Macro’s announcement to hold parliamentary elections, weighing on the Euro
from DailyFX – Market News https://bit.ly/4eguaJI
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USD/JPY Drifts Higher, Will the BoJ Announce Bond Tapering at Friday’s Policy Meeting?
As the US dollar continues to strengthen against the Japanese Yen, all eyes are now on the Bank of Japan’s monetary policy meeting on Friday.
from DailyFX – Market News https://bit.ly/3VjETKT
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