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The Pound had a relatively quiet week as the London session came to a close, however, a number of crucial data releases next week, including UK CPI, could change that

Rising gas prices and generally high inflation pressures are weighing on US consumer sentiment.

The market is showing signs of turning down after what was a corrective move; next few days could a pivotal period for equities and risk in general.

EUR/USD upside looks limited as Fed and ECB interest rate hike expectations diverge further.

The Central Bank of Russia raised its key rate to 9.5% but remains open to further hikes, if needed, despite a lower inflation forecast of around 5 or 6 percent…

The rand opened stronger this morning after yesterdays dollar rally and weaker commodity prices. USD/ZAR tests 15.00 ahead of US consumer confidence.

The UK economy grew by 1% in Q4, missing market expectations of 1.1%, leaving Sterling little changed against a dominant US dollar.

The Euro came under pressure as the fall-out from US CPI reverberated across assets. Will EUR/USD test new lows?

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.

Gold prices may be at risk following another 40-year high US inflation print as the US Dollar and Treasury yields rally. A Dark Cloud cover looms over the daily XAU/USD…