EUR/GBP to move within a 0.8450-0.8550 range for the time being .

EUR/GBP is displaying a lackluster performance in the early European session.Economists at ING expect the pair to continue trading in a 0.8450-0.8550 range for now.

Sterling bears queuing up

“There remains a lot of bearishness surrounding sterling. The argument goes that hiking rates in a softening economy is a sterling negative. And true, sterling has recently taken on the characteristics of a growth currency, being driven more by equities than rate differentials over recent months.”

“We are slightly negative on sterling – looking for EUR/GBP at 0.8600. But we think a lot of the weakness is a reflection of broad dollar strength and we are not looking for a sterling collapse.”“EUR/GBP will probably continue trading in a 0.8450-0.8550 range for the time being – i.e. an environment of greater volatility but within defined ranges.”

EUR/USD drops towards 1.0700 ahead of EU Inflation

EUR/USD is heading towards 1.0700, undermined by an impressive rally in the US Treasury yields and the renewed US dollar demand. Investors assess the implications of the EU’s partial ban on Russian oil imports. Eurozone inflation, Biden-Powell meeting eyed. 

EUR/USD News 

GBP/USD battles 1.2600 as US dollar recovers

GBP/USD is trading pressured around 1.2600, as the US dollar finds its feet in early Europe. The renewed upside in the US Treasury yields and tepid risk tone add to cable’s downside. US data, Biden-Powell meeting awaited. 

GBP/USD News 

Gold reverses intraday dip, lacks follow-through amid stronger USD

The yellow metal attracted some dip-buying near the $1,846 region on Tuesday. The overnight optimism led by the easing of COVID-19 lockdowns in China turned out to be short-lived amid doubts if central banks can hike interest rates to curb inflation without impacting economic growth. 

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This on-chain metric supports a 50% gain for Dogecoin price

Dogecoin price reveals an interesting setup that could trigger massive returns for investors. This uptrend will begin after a minor pullback that will allow market participants to accumulate DOGE.

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