Next week’s ECB meeting is unlikely to see any change in monetary policy but post-decision commentary may give traders a better view when the first rate cut is set to be announced
The British Pound remains confined to narrowing ranges against the United States Dollar in a market where volatility has plummeted.
The weekly gold candle shows a restrictive range of just $25 as the precious metal looks for a driver to help break its current lethargy
ECB governing council members reiterated a lack of urgency to cut interest rates despite improved wage growth data. Lack of bullish euro drivers suggest vulnerability
The last few sessions have seen data showing the UK in recession, and some more hopeful signs that it might already be coming out. There’s less to look forward to this week, but that might not be bad news for Sterling.
Hotter-than-expected PPI figures on Friday added to stubborn CPI data on Tuesday, setting up the dollar for a positive week. Weekly and daily charts conflict for gold and silver
The ECB is looking increasingly likely to the be the first major central bank to start cutting interest rates, and this will affect the value of the single currency
The Pound has been quite resilient through some conflicting UK economic news but there’s much less on the coming week’s slate
Next week US CPI headlines the schedule of high importance data. This forecast considers how major currency pairs shape up ahead of the US CPI release
Sterling remains relatively elevated despite recent US Dollar strength. This week may make life a bit tougher for Sterling bulls