The British Pound has posted significant gains against both the Euro and the US Dollar since printing its YTD low in the aftermath of the Kwasi Kwarteng budget announcement.
The British Pound has posted significant gains against both the Euro and the US Dollar since printing its YTD low in the aftermath of the Kwasi Kwarteng budget announcement.
The European Central Bank (ECB) ramped up expectations of additional interest rate hikes next year at its latest monetary policy meeting, and if they are true to their word, then the Euro may outperform a host of other currencies in the first three months of 2023.
The European Central Bank (ECB) ramped up expectations of additional interest rate hikes next year at its latest monetary policy meeting, and if they are true to their word, then the Euro may outperform a host of other currencies in the first three months of 2023.
The fourth quarter was a tough one for USD bulls. The currency initially held a higher-low support bounce into October trade, but bulls were unable to re-test the highs, and that led to a very strong bearish reaction in November that has run through the first half of December.
The fourth quarter was a tough one for USD bulls. The currency initially held a higher-low support bounce into October trade, but bulls were unable to re-test the highs, and that led to a very strong bearish reaction in November that has run through the first half of December.
The highest inflation in 40 years triggered the Federal Reserve to embark on aggressive tightening, raising interest rates to cool inflation. That came at the cost of equities.
The highest inflation in 40 years triggered the Federal Reserve to embark on aggressive tightening, raising interest rates to cool inflation. That came at the cost of equities.
Gold managed to pull itself out of a situation that many traders would have considered a critical technical breakdown just at the beginning for the fourth quarter.
Gold managed to pull itself out of a situation that many traders would have considered a critical technical breakdown just at the beginning for the fourth quarter.