Bank of England Preview: How Will the Pound (GBP) React?
BoE to maintain policy settings, while risks lean towards a more hawkish statement.
EUR/USD Rate Rebound Pulls RSI Out of Oversold Territory
EUR/USD may stage a larger rebound over the remainder of the week as the RSI bounces back from oversold territory to indicate a textbook buy signal.
Manufacturing Activity Surges to a Record High, but Services PMI Cools, US Dollar Retreats
June Manufacturing activity jumps to a record high of 62.6 from 62.1 in May whileServices PMI slows down to 64.8 from 70.4 in the previous month.
Gold Price Outlook: Gold Plunges into Critical Support- XAU/USD Levels
Gold prices plummeted nearly 8% off the June high with the decline now rebounding off critical uptrend support. The levels that matter on the XAU/USD technical charts.
Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook
What do the non-major EUR-crosses tell us about market sentiment?
DAX & CAC 40 Technical Outlook: Trying to Hold onto Trend Support
The DAX and CAC have come under some pressure recently; support is holding for now, important to continue doing so.
British Pound (GBP) Price Outlook: GBP/USD to Benefit from UK PMIs
GBP/USD continues to edge higher ahead of Thursday’s announcement by the Bank of England’s monetary policy committee and could touch 1.40 after broadly positive UK PMI data.
S&P 500 Forecast: U.S. Tech Stocks Gain as Powell Appeases Markets
This week has been positive for the S&P 500 and U.S. equities in general with additional stimulus coming from Fed speakers downplaying inflationary pressure and easing hype around last weeks…
Australian Dollar Price Outlook: AUD/USD Attempts Recovery Above 0.7555
AUD/USD attempts to hold gains above 0.7555 as momentum consolidates
Gold Price Outlook – Tepid Recovery Off Important Support Remains Under Pressure
Gold bounced off an important support level at the end of last week but the pull-back remains unconvincing