GBP/USD, EUR/GBP Analysis and ChartsCable falls to a three-month on renewed US dollar buying.EUR/GBP slides despite the ECB hiking rates again.For all market-moving economic data and events, see the DailyFX Calendar The ECB hiked interest rates higher by 25 basis points across the board but hinted that rates may remain unchanged in the coming months.
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ECB Hikes by 25-bps, Hints at Reaching Terminal RateThe ECB voted to raise all three interest rates, seeing the deposit facility up to 4%. The decision was taken after the committee’s assessment of the inflation outlook, incoming data and strength of monetary policy transmission necessitated a hike.Customize and filter live economic data via our DailyFX
OIL PRICE FORECAST:Oil Continued its Advance this Morning Printing Fresh 2023 Highs.Tighter Supply Weighing on Market Participants Leading the Advance in Oil Prices as US Inventories Surge Fails to Allay Concerns.IG Client Sentiment Shows Traders are 62% Net-Short on WTI at Present.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the
Article by IG Chief Market Analyst Chris BeauchampDow Jones, Nikkei 225, Nasdaq 100 Analysis and ChartsDow struggles to push higherThe index has spent the week trying to break higher, but gains above 34,700 have proven impossible to sustain. For the moment, while the buyers have not been able to seize control, sellers have been unable
GOLD OUTLOOK & ANALYSISUS inflationary pressures keep gold price subdued.Spotlight on US PPI, jobless claims and retail sales.Gold bears seek out $1900 support handle. XAU/USD FUNDAMENTAL BACKDROPGold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation despite a softer core inflation read. This translates through to sustained tight monetary
NZD/USD, AUD/NZD, EUR/NZD – Outlook:NZD/USD is holding above channel support, but there is no sign of reversal of the downtrend.AUD/NZD remains well within its recently established range; EUR/NZD’s downside could be limited.What is the outlook for NZD/USD, EUR/NZD, and AUD/NZD? NZD/USD: Holding the above channel supportNZD/USD’s fall in August below key support at the August
Australian Dollar Vs US Dollar, Australia Jobs – Talking Points:AUD held gains after Australia jobs data beat expectations.AUD/USD is attempting to form an interim base.Speculative short AUD positioning is at the highest level since early 2022.What is the outlook for AUD/USD and what are the key levels to watch? The Australian dollar held early Asia