GBP/USD continues to wrestle with the psychologically-important 1.38 level, which is providing near-term resistance. Meanwhile, UK public sector net borrowing (PSNB) data were better than expected.
Crude oil is breaking into fresh seven-year highs as supply continues to tighten amid rising demand. Bulls are in firm control with their sights set higher.
Gold prices have moved slightly higher on US Dollar weakness, but face headwinds as other assets become attractive. Is there enough lustre for gold to go higher?
The US Dollar is on the defensive against most ASEAN currencies, with key breakouts in USD/SGD and USD/IDR. USD/THB upside momentum is fading as USD/PHP consolidates.