S&P 500, Dow Jones and Nasdaq have lost ground after Friday’s NFP report and expectations of further rate hikes for longer supported the safe-haven Dollar, driving equities lower....
Cable remains overextended against the greenback as we approach key resistance levels. The 1.2500 level should cap any further gains ahead of the FOMC and BoE meetings....
EURUSD continues to grind higher as hopes of US peak inflation adds to USD selloff. The current move higher sees little in the way of economic data to reverse course...