Strong US retail sales and softer inflation expectations lift Wall Street. Dollar knocked off highs as 100-bps Fed rate hike bets pared back. Euro tries to distance itself from parity but Italy and gas supply risks cap gains. WTI oil tests $100 on summer demand after Biden’s Saudi trip bears no fruit.

Risk Warning: 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en

Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning

Receive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlook
 
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.