Pound Sterling (GBP) Weekly Forecast: PM Race Hots up in Time for Heatwave
The race for Prime Minister heats up on Friday ahead of the 5 candidate TV debate. Elsewhere, UK CPI and unemployment data to confirm or obfuscate positive GDP data
US Consumer Sentiment Rises in June Despite Persistent Inflation, Growth Fears
US consumer sentiment data rose in June, as inflation and growth concerns continue to present challenges.
DAX, DOW and FTSE Bounce as Investors Temper Fed Bets
Indices and risk assets recover as Fed allays rate hike fears.
June Retail Sales at 1% v/s .8% Expected, May Revised Higher
This morning brings a couple of key US data points, starting with the release of retail sales data for the month of June.
USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Jun 15, 2022 when USD/CAD traded near 1.29.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.
Australian Dollar Forecast: AUD/USD Retracement Stalls at Resistance
Risks remain tilted to the downside for the Australian Dollar.
Gold (XAU/USD) Update: MACD Hints at Further Downside
Gold has wasted no time, dropping through major support as commodity markets digest worsening economic conditions (China GDP) and accelerating rate hike expectations
Euro Price Forecast: EUR/USD Awaits ECB Rate Decision, Italian Politics and Nord Stream 1
The euro is at the mercy of many fundamental and political moving parts which should see increased EUR/USD volatility next week.
Ethereum 2.0: Switching to Proof-of-Stake (PoS)
Ethereum is transitioning from a proof-of-work (PoW) consensus mechanism to a more eco-friendly proof-of-stake (PoS) consensus with the switch expected to be complete by Q3/Q4 2022.
AUD/USD Bounces as Traders Look Past China GDP Miss
The Australian Dollar saw a delayed upside reaction after China's second-quarter GDP disappointed, with traders focusing on positive June Data instead. AUD/USD is nearing wedge resistance.