Markets in 2 Minutes: UK core inflation cools and risk sours as we near Powell’s testimony

Market Trends and Currency Positioning: USD Net Short Position, Euro and Pound Analysis - 22.08.2023

Turnaround Tuesday didn't last very long as risk sentiment reverses. The dollar is benefiting from risk-off as well as the yen, which is trading at levels not seen since 1998. UK inflation is beginning to show signs of a potential cooling. Crude is getting smashed. Powell's testimony up later today. ➡️ Follow us on Telegram for daily market news and insights: 👉 Catch him on Twitter - @lukesuddards Also, he produces The Weekly Close Out every Friday, which provides key insights into the main catalysts for all the major global macro assets throughout the week. The analysis takes a hybrid approach - combining fundamental and technical analysis with charts to enhance your trading experience. Sign up here to receive it directly in your inbox: Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information provided here, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted. #fx​​​​​​​​​​​​​ #trading​​​​​​​​​​​​​ #CFDs

Market Trends and Currency Positioning: USD Net Short Position, Euro and Pound Analysis - 22.08.2023

Luke Suddards

Luke Suddards is a Global Macro Strategist at Finimize. Luke obtained a Bachelor of Commerce undergraduate degree in Economics and Finance, followed up with a Postgraduate Honours degree in Finance - achieved with cum laude. His academic background, along with numerous internships across the finance sector, has provided him with a broad and robust understanding of financial markets.

Luke has over 5-years experience in global macro financial markets. Having written his own book on technical analysis and trade strategy development, Luke knows how to leverage the tools of technical analysis to maximize one’s trading success. His analysis style is best described as a combination of fundamental, technical and quantitative analysis. Having grown up in South Africa, an emerging market, Luke also has unique experience and insight into the key macro and micro drivers behind the volatility typically seen in developing countries. Hence, his analysis coverage can be extended beyond the core G10 universe if needed.