GBP/USD hasn’t derived much support from this week’s big interest rate rise from the Bank of England
Oil prices face renewed selling pressure as a combination of hawkish Central Banks and rising recessionary fears weigh on prices. Is a retest of the YTD low on the cards?
Outlook on FTSE 100, DAX 40 and S&P 500 as further rate hikes lie in store.
The euro is on offer this morning as German and EZ PMI’s miss forecasts while risk aversion augments the downside move.
Gold’s fall below key support confirms that the multi-week upward pressure has faded as hawkish central bank rhetoric and improving broader risk sentiment diminish the safe-haven appeal of the yellow metal.
With the conclusion of the recent Federal Open Market Committee (FOMC) meeting, a series of hawkish Fedspeak is lined up on the horizon.
Login with Google
Login with Facebook