Weekly Analysis: Fed, BoE, BoJ, Sep 14 to 18
Gold slipped and EUR/USD broke down sharply after last week\'s hot US CPI print, while US500 held well off its August record and GBP/JPY tumbled on rising Bank of Japan rate hike bets.
Gold slipped and EUR/USD broke down sharply after last week\'s hot US CPI print, while US500 held well off its August record and GBP/JPY tumbled on rising Bank of Japan rate hike bets.
Gold bounced to 4,374.14 this week after testing the support level already flagged for the week ahead. EUR/USD and GBP/USD held steady near 1.16306 and 1.35464 while US500 pulled back toward 7,673.51, all four instruments now sitting ahead of Thursday\'s ECB decision and Friday\'s US CPI.
WTI broke above 88.50 and rallied toward 92 on Iran and Strait of Hormuz supply risk, not the PMI, which barely moved the price