The US Dollar looks to incoming retail sales and jobless data to revive reflation and Fed tightening speculation after receding bond yields weighed on the benchmark currency.
The British Pound’s recent weakness against its haven-associated counterparts may prove short-lived, as bullish technical setups take shape on longer-term timeframes. Key levels for GBP/USD, GBP/JPY.
WTI crude oil gained on Wednesday despite weakness on Wall Street, underpinned by a larger-than-expected EIA inventory drawdown. Oil may be setting up to revisit February peaks.