GBP/USD Price forecast: Pound Gears Up for Big Data Tomorrow
GBP/USD is in for a restrained trading day as the US celebrates Independence Day, ahead of UK services PMI data and the FOMC Minutes.
Gold Price Steadies with US Dollar Sidelined but an RBA Pause Sinks AUD/USD
The gold price potentially reflects a holiday-impacted market with volatility easing across many asset classes. AUD/USD took a hit though when the RBA decided not to hike rates.
Australian Dollar Dips After RBA Pauses on Hiking Cycle. Will AUD/USD Go Lower?
The Australian Dollar collapsed after the RBA decided to keep the cash rate unchanged at 4.10%. The inflation gauges are now on centre stage for future rate moves. Where to…
Euro Ahead of US Jobs Data: EUR/USD, EUR/AUD, EUR/GBP Price Setups
The euro may have recouped some of its recent losses against some of its peers, but it would be premature to read the rebound as the start of a new…
Asia Day Ahead: Soft Start to the New Quarter; Key Focus on RBA Rate Decision
Major US indices drifted higher on lighter volume to deliver a positive start to the new quarter, as we head into the Independence Day holiday.
Q3 Top Trade Opportunity: US Dollar May Extend its Rally Against the Chinese Yuan in the Third Quarter
The US Dollar may continue pressuring the Chinese Yuan in the third quarter with global growth still vulnerable to central banks that are keeping monetary policy tight
Q3 Top Trade: S&P 500 Vulnerable to Pullback on Weak Fundamentals and Frothy Markets
The S&P 500 has rallied significantly in recent months, but could face serious challenges in the third quarter, especially if fundamentals worsen on hawkish monetary policy.
USD/JPY Price Outlook: Carry Trade Continues Despite Intervention Talk
The Japanese yen remains an outlier within the G7 FX space as long as ultra-loose monetary policy appears to have no end in sight. Japan officials talk up ‘intervention’
GBP/USD Price Forecast: Cable Surrenders High Ground as 1.2700 Holds Firm
Cable appears to have run out of steam as retracement signals start to pile up. Are we in for a fresh leg lower before a continuation of the overall trend…
EUR/USD Returns Some Gains as Eurozone PMI Data Underwhelm
The Eurozone’s manufacturing sector is already facing feeble demand, with higher rates ony likely to sap it further. The Euro is reflecting these worries.