The update to the UK Consumer Price Index (CPI) may undermine the recent rally in GBP/USD as the report is anticipated to show a slowdown in the core rate of inflation.

The preliminary data for the University of Michigan’s consumer confidence survey missed expectations

Fintwit is alive this week as Bitcoin hits $60000, U.S. earnings season begins and boosts the S&P 500 index (SPX) while global markets anticipate next week’s China GDP data announcement.

Investors are setting aside their concerns about stagflation as US earnings kick off with a positive tone

JPY selling relents across the board with little sign of a reversal.

Stock markets may be vulnerable to political volatility as China flexes its military might against Taiwan ahead of the Biden-Xi summit. Will reconciliation yield to rockets?

Bitcoin broke through $60k earlier today on growing confidence that the SEC will sign-off on a BTC futures-based ETF in the very near future.

Gold prices seem to be pointing higher in the near term as XAU/USD rises within an Ascending Channel. Its next leg could be lower though. Eyes turn to US retail sales.

Natural gas futures held a key technical level this week, potentially paving the way for another run at the 2014 high.