GBP/USD Forecast: UK Growth Slowing, GBP Risks Remain Lower
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10/06/21 10:53
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While the Fed minutes last night stressed that more rate hikes would be needed, signs of weakness in commodity prices have given markets hope that perhaps the worst of the inflation surge is now behind us. Markets can, perhaps, cope with rate rises as long as the outlook further down the road is looking brighter. Asian indices made headway, taking their cue from the recovery in the US yesterday after a shaky couple of days. In the UK the political drama drags on, with no sign that the Prime Minister intends to resign yet even as resignations continue to flow from his cabinet and the wider government payroll. Investors now begin to turn their attention towards Friday's payroll figures, the main event of the week.
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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage: Indices: Mostly higher, Europe expected up at the start… all this despite FOMC minutes and IMF highlighting the need for higher rates FX: USD remains strong after the FOMC minutes indicated more big rise in US rates to come. AUDUSD climbs after expanded Aussie trade surplus Equities: Earnings PSN CURY JDW. Watching IAG as BA cancels a further 10,300 flights this summer Commods: Oil up after 3mth lows. Gold 10mth lows. Coffee Robusta 11mth lows
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By tradinglounge · Posted
DAX 40, FTSE 100, STOXX 50, Dollar Index DXY, EURUSD - Elliott Wave Trading Strategies DAX 40 Indizes Technische Analyse de, FTSE 100 Index UKX, STOXX 50 Forex EURUSD DXY Dollar Index Elliott Wave Technical Analysis European Stock Market Daily News Headlines:European markets closed sharply higher today with shares in France leading Elliott Wave Market Indices Summary: The eurusd and dax40 should rally in the next session and then turn lower Trading Strategy:Looking to short Wave c) of (4) in the corrective rally Video Chapters 00:00 DAX 40 (GDAXI) 04:27 EURO STOXX 50 05:16 UKX / FTSE 100 05:43 Forex EURUSD / DXY 14:14 Thanks for watching! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge.com
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