Economic data continues to influence the fundamental backdrop with Bitcoin (BTC/USD), Ethereum (ETH/USD) & Cardano (ADA) benefiting from easing recession fears.

The Australian Dollar jumped around through the week, with an RBA rate hike and Fed speakers undermining it before trade data provided some support. Where to for AUD/USD?

GBP Suffers on the BoE’s Bleak Outlook

It is another busy week ahead for traders, with several potentially high-impact events that could shift market sentiment and Fed rate hike bets. July closed out with strong gains for risk assets.

It is another busy week ahead for traders, with several potentially high-impact events that could shift market sentiment and Fed rate hike bets. July closed out with strong gains for risk assets.

The July Fed meeting changed the trajectory for the US Dollar for the rest of 2022.

S&P 500 registers best month since November 2020. FTSE 100 breaks above 100 and 200DMA

Fresh data prints coming out of the US and Canada may influence the near-term outlook for USD/CAD amid the ongoing shift in monetary policy.

The Euro slightly gained as the US Dollar weakened. US GDP shrinking once again placed more focus on a pivot from the Federal Reserve. Are markets wrong? All eyes are on non-farm payrolls data.

Gold prices could continue to recover in the near term as weakening US economic data could prompt a Fed monetary policy pivot later this year, a scenario that could weigh on Treasury yields.