Cable claws back losses ahead of Truss, Kwarteng meeting with the Office for Budget Responsibility (UK fiscal watchdog). UK sentiment improves, gilts stabilize...
The British Pound made a new weekly high today as markets recalibrate after Bank of England bond buying allayed some anxiety. If UK fundamentals deteriorate, will it sink GBP/USD?...
We are heading into the final trading day of the week, month and quarter; and the markets are already experiencing significant volatility against a technically and fundamentally precarious backdrop. Will the top inflation figure from the US and Eurozone spur a last-minute volatility spike?...
Gold prices anxiously await the Fed’s preferred inflation gauge, which could bolster hawkish 2023 policy expectations. This would likely damage XAU/USD....
The Australian Dollar is in focus ahead of Chinese PMI data following a downbeat session on Wall Street. A beat on the data may help revive sentiment. The Reserve Bank of India is also in focus to close out the week....
The former-support zone around the July low ($1681) may act as resistance as the price of gold appears to be tracking the negative slope in the 50-Day SMA ($1726)....