Forex Analysis by Fawad Razaqzada covering: GBP/USD, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
pair bounced off its lows on data showing strong wage growth, which may potentially delay the first Bank of England rate cut. Other GBP crosses did even better as the odds of a June rate cut fell. However, despite its slight recovery, the GBP/USD stayed below the broken 1.25 handle, with traders continuing to largely favor thein what has been a risk-off environment amid the escalation of the of the geopolitical risks in the Middle East.
We had more forecast-beating US data supporting the greenback on Monday, as retail sales rose by more than expected to 0.7% month-on-month. The sales data underscores the surprising resilience of the US consumer and undermines the Fed’s ability to cut rates. TheBut right now, it is mostly haven flows amid ongoing Middle Eastern concerns that is driving the markets, and keeping the dollar higher.
While a few US macroeconomic indicators are on the agenda for the upcoming week, the next major US data release is not expected until later in the month, with the Fed's preferred inflation gauge set to be published on April 26– i.e., Core PCE index.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opening Bell: 3 High-Potential Bullish Setups Formations for TodayStocks Analysis by Fawad Razaqzada covering: S&P 500, SPDR® S&P 500, Amazon.com Inc, Tesla Inc. Read Fawad Razaqzada's latest article on Investing.com
Read more »
Gold: Overbought RSI to Spark Dip-Buying Opportunity Amid Geopolitical TensionsCommodities Analysis by Fawad Razaqzada covering: XAU/USD, Gold Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
Silver Could Be Heading to $50 - Watch These Levels for CluesCommodities Analysis by Fawad Razaqzada covering: XAU/USD, XAG/USD, US Dollar Index Futures, Gold Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
S&P 500: Sticky Inflation Concerns, Rising Yields Could Put Rally to TestStocks Analysis by Fawad Razaqzada covering: S&P 500, Dow Jones Industrial Average, Crude Oil WTI Futures, United States 10-Year. Read Fawad Razaqzada's latest article on Investing.com
Read more »
S&P 500 Bulls Look Unstoppable - Traders Should Stick to Dip-Buying StrategiesStocks Analysis by Fawad Razaqzada covering: EUR/USD, S&P 500, SPDR® S&P 500, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
Gold Rally Could Faze Out Soon, but Silver's Is Just BeginningCommodities Analysis by Fawad Razaqzada covering: XAU/USD, XAG/USD, US Dollar Index Futures, Gold Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »