Euro Latest: EUR/USD, EUR/JPY Price Action Set-Up, EU PMIs Mixed
EUR/USD holding support, while EUR/JPY remains in an uptrend
British Pound (GBP) Outlook – Strong UK Sales Data Further Underpins GBP/USD
UK households celebrated the re-opening of parts of the economy in April by going on a spending spree, boosting the positive economic outlook narrative.
Crude Oil Prices May Keep Falling as PMI Data Shows Inflation Swell
Crude oil prices may continue to decline if UK and US PMI data highlight a sharp inflation pickup that may not be as temporary as central bankers now believe.
US Dollar and Yen May Rise as Meme Stocks, Coins Warn of Market Excess
The US Dollar and Japanese Yen may soar thanks to haven demand if traders run for the exits amid a collapse in meme stocks and novelty cryptocurrencies.
Gold Price Outlook: XAU/USD Eyeing Markit US PMI Data and Symmetrical Triangle
Gold is eyeing a Symmetrical Triangle as the weekend nears amid fading inflation expectations as commodity prices pull back. XAU/USD is also facing Markit US PMI data.
Nasdaq 100 Surges on US Jobs Data, Boosting Nikkei 225 and ASX 200
The Nasdaq 100 index rebounded strongly amid favorable jobs data and a weakening US Dollar, as fears about inflation eased. APAC markets look set to trade higher following a positive…
Copper Price Forecast: Bullish Breakout Pacing Towards Yearly High
Copper prices have continued to retrace their gains around news coming out of China.
Australian Dollar Outlook: AUD/USD May Reverse Weekly Loss After Positive PMIs
The Australian Dollar is aiming higher on positive PMI figures despite a downbeat jobs report earlier in the week.
Canadian Dollar Price Forecast: Can USD/CAD Reverse Course and Rally?
USD/CAD has fallen for months as rising crude oil prices, risk appetite and a weak US Dollar worked to drive the pair lower. Now with potential taper talk on the…
US Dollar Forecast: EUR/USD, USD/JPY Look to PMI Data & Yields
The US Dollar recoiled -0.5% lower on Thursday as Treasury yields dropped. EUR/USD and USD/JPY price action now eye monthly PMI surveys due following yesterday's FOMC minutes release.