Pound Sterling continues to struggle as investors remain cautious ahead of Fed Powell's speech, causing it to remain on the backfoot. Meanwhile, Gold remains rangebound despite its long-term prospects looking bullish, indicating a potential breakout in the near future.
The Mexican Peso has been sliding lower on the risk of a Trump victory, reflecting the uncertainty in the markets surrounding the upcoming election. On the other hand, EUR/USD weakens as investors await Fed Powell's speech and the outcome of the French elections, adding to the pressure on the Euro.
The ECB Forum in Sintra will see ECB Lagarde and Fed Powell discussing monetary policy, which could provide further insight into the central banks' future plans. The US Dollar, on the other hand, has been strengthening as concerns grow over Trump's policy decisions and their impact on the economy.
NZD/USD has turned lower under the 200-DMA, indicating a potential shift in momentum for the currency pair. Additionally, US economic activity has been a headwind for the USD, causing further uncertainty in the markets.
EUR/GBP edges lower amid mixed Eurozone HICP data, keeping the ECB's policy outlook uncertain. Finally, UBS raises the question of whether profit-led inflation is coming to an end, adding to the complexity of the current market environment.
Learn about my trading tools: https://www.mql5.com/en/users/philip.edits/seller
The Mexican Peso has been sliding lower on the risk of a Trump victory, reflecting the uncertainty in the markets surrounding the upcoming election. On the other hand, EUR/USD weakens as investors await Fed Powell's speech and the outcome of the French elections, adding to the pressure on the Euro.
The ECB Forum in Sintra will see ECB Lagarde and Fed Powell discussing monetary policy, which could provide further insight into the central banks' future plans. The US Dollar, on the other hand, has been strengthening as concerns grow over Trump's policy decisions and their impact on the economy.
NZD/USD has turned lower under the 200-DMA, indicating a potential shift in momentum for the currency pair. Additionally, US economic activity has been a headwind for the USD, causing further uncertainty in the markets.
EUR/GBP edges lower amid mixed Eurozone HICP data, keeping the ECB's policy outlook uncertain. Finally, UBS raises the question of whether profit-led inflation is coming to an end, adding to the complexity of the current market environment.
Learn about my trading tools: https://www.mql5.com/en/users/philip.edits/seller
