After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
GBP/USD: forecast for May 22-16
Political turmoil in the United States this week resulted in the weakening of the US Dollar against its major counterparts, such as the British pound. In its turn, GBP was supported by the numerous economic data releases and actively tested 1.30.
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Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.
After the US CPI last week came out above the forecast, traders started expecting a 75-basis point rate hike…
In this video, we will talk about the potential change of a trend in the euro, another stock rally amid a global downtrend, gold prospects, and news that shakes the world right now. It’ll be a helpful video you don’t want to miss.