GBP Forecast: GBP/USD Plummets to Fresh 2021 Lows, Consolidation Ahead
FX markets pay attention to blowout US CPI, causing USD to rip higher. However, major USD pairs appear overextended at current levels.
FX markets pay attention to blowout US CPI, causing USD to rip higher. However, major USD pairs appear overextended at current levels.
Fintwit has been relatively quite this week but key themes still hold sway within financial markets. Brent crude, SPX and GBP/USD all turned lower this week but is this just temporary respite?
Annie Duke on trading, bet-sizing, prospect theory, outcome bias and quitting.
The headline print is the lowest level in a decade with the UofM reporting that higher inflation was weighing on Americans.
Bitcoin prices retreat from the recent high as a stronger Dollar, rising yields and COP26 drives sentiment.
Tensions rise between the UK and EU over the Northern Ireland protocol. Failure in talks raises risk of the UK triggering Article 16
USD soars across the board, however, momentum beginning to look stretched particularly against the Canadian Dollar
Cable is trying to make a short-term recovery after losing over two big figures this week but the likelihood is for further weakness in the weeks ahead.
Gold prices have jumped to a five-month high, warning that markets still fear runaway inflation despite a hawkish shift in Fed policy bets and a stronger US Dollar.
Gold prices broke out to a fresh four month high this morning, pushed along by a really strong CPI read. It appears that both fundamental and technical backdrops are lining up.