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News and trade ideas
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EUR/GBP falls to near 1-month low while EUR/USD and GBP/USD rally
EUR/GBP falls to near 1-month low while EUR/USD and GBP/USD rally ahead of UK May GDP and June US CPI data releases.
Forex
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EUR/GBP and USD/CAD fall back, while AUD/USD consolidates
The euro is retreating against the pound, as is the US dollar versus its Canadian counterpart. AUD/USD is holding firm near recent highs.
Shares
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Dow 30: slight weekly retreat fails to shift its technical overview
Sentiment amongst retail traders reaches extreme sell territory, while CoT speculators opt to hold on to their heavy buy bias.
Indices
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BoE's hawkish surprise: FTSE struggles as rate cut hopes fade
BoE's unexpected hawkish stance delays rate cut hopes, pressuring the FTSE amid revised lower unemployment rates and sustained inflation forecasts.
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