GBP/USD teases bears around 1.2250 ahead of UK inflation, Fed Chair Powell’s testimony
👉 GBP/USD snaps two-day uptrend, flirts with intraday low at the latest. 👉 Brexit pessimism joins UK’s political chaos to portray downbeat conditions at home. 👉 BOE’s failure to impress bulls highlights UK CPI amid hopes of faster/heavier rate hikes. 👉 Powell needs to justify the biggest rate increase since 1994 and signal Fed’s aggression […]
Gold Price Forecast: XAU/USD tumbles below $1,830 as uncertainty over Fed Powell’s testimony soars
👉 Gold prices have extended their losses after slipping below the cushion of $1,830.00. 👉 Fed Powell’s testimony is expected to be extremely hawkish considering the runaway inflation rate. 👉 The EU is supposed to ban gold trading from Russia. Gold price (XAU/USD) has extended its losses in the Asian session after violating the critical support […]