This article examines positioning data for AUD/USD, NZD/USD and USD/CAD to gauge potential market sentiment and trading bias.

USD/JPY deepens its losses as U.S. bond yields extend their decline following softer-than-expected U.S. CPI and PPI data. Meanwhile, GBP/USD explodes higher, breaking above the 1.3100 handle and hitting its best levels since April 2022.

The Bank of Canada hiked rates by 25bps yesterday with the Canadian Dollar finding renewed impetus to push on. Will USD/CAD reach the 1.3000 psychological level?

Yesterday’s lower than expected headline and core CPI data emboldened markets to take a bearish view on the dollar, lifting US stocks to a new yearly high

Oil prices recent rally has run into some technical headwinds with US data later today likely to be key once more. Can Oil prices sustain recent gains and head higher?

Non-yielding gold got a boost from news that the Fed seems to be winning its war on inflation.

Indices worldwide were given a lift by US inflation data yesterday, which showed a slower pace of price growth, easing the pressure on the Fed to raise rates again.

EUR/USD is back to highs seen at the end of March last year, while EUR/GBP is probing lows last seen just under a year ago.

The UK economy continues to surprise as GDP is now estimated to be 0.2% above its pre-covid levels from February 2020. Given that further hikes are expected, are recessionary fears justified?

Gold rebounded after US inflation slowed more than expected in June, reinforcing market expectations that the US Federal Reserve is nearing the end of its tightening cycle. To what extent could gold rise?