The pound continues to grapple with many fundamental challenges. The main ones include stubbornly high prices, declining economic activity (spending).

The Australian Dollar made a six-month peak last week as the US Dollar continues to weaken with the Fed in focus. Local CPI data is due this week. Will it push AUD/USD higher?

The US Dollar set a fresh seven-month-low this week while testing a key spot of support at the 50% mark of the two-year-trend.

US equity markets have been on the back foot for most of the week as the US earnings season gets into full flow.

The broader measure of the US Dollar – the DXY Index – dropped its lowest level since early June this past week. The reversal seems productive with the 2022 run up providing plenty of premium to burn, but the fundamental backing to this move is less reliable than bears may appreciate.

The recent sell-off in the US dollar can be clearly seen in a born-again EUR/USD which continues to probe higher. Sterner tests for bulls lie ahead.

Stocks put in a strong bullish response after CPI data and the S&P 500 is threatening breakout from the 2022 bearish trendline that held the highs for most of last year.

The British Pound pushed higher against the US Dollar this past week as softening US inflation data boosted less hawkish Federal Reserve policy bets. GBP/USD turns to UK CPI next.

Gold put in a massive move of strength this week, but Silver is struggling with the same spot of resistance that’s held the highs for a month now.

The Australian Dollar jumped higher on renewed optimism around China’s re-opening and the US Dollar taking a pounding the market discounts the Fed’s words. Will AUD/USD go higher?