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British Pound Forecast: GBP/USD, GBP/JPY Levels to Watch Ahead of BoE

Posted by By 04/05/2021Posted inForex
The British Pound looks set to extend gains against its haven-associated counterparts ahead of the BoE rate decision.
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Crude Oil Price Outlook: OPEC Commentary, EU Summer Travel Lift for Vaccinated Eyed

Posted by By 04/05/2021Posted inForex
Crude oil prices shrugged off some weakness on Wall Street, focusing on the EU lifting summer travel for vaccinated people and commentary from OPEC’s second-largest energy producer.
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Gold Price Forecast: XAU/USD Rises as Market Considers Transitory Inflation Theme

Posted by By 04/05/2021Posted inForex
Gold prices approach the psychologically imposing 1,800 level as Treasury yields and the US Dollar move lower with markets beginning to capitulate to a possible transitory inflation theme.
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S&P 500 Index Rises on Dovish Fed, Nikkei 225 and ASX 200 Open Mixed

Posted by By 04/05/2021Posted inForex
The S&P 500 index rebounded modestly on Monday as Fed Chair Jerome Powell cooled tapering expectations. US ISM manufacturing PMI disappointed. Asia-Pacific markets are poised for a mixed start.
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Australian Dollar Forecast: Will AUD/USD Gains Continue After RBA Decision?

Posted by By 03/05/2021Posted inForex
AUD/USD shifted higher after key moving averages converged to underpin prices, but today's RBA decision will likely decide the Australian Dollar's direction.
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FX Week Ahead – Top 5 Events: BOE & RBA Meetings; Canada, New Zealand, US Jobs

Posted by By 03/05/2021Posted inForex
The first week of a new month brings about the usual smattering of ‘high’ rated event risk from around the globe, including April US NFP.
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Dow Jones, Nasdaq 100, S&P 500, DAX 30 Forecasts for the Week Ahead

Posted by By 03/05/2021Posted inForex
A strong earnings season has equipped investors with fresh optimism but price action may struggle to post progress as seasonal headwinds pick up in the month of May. As a…
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Monthly Forex Seasonality – May 2021: Sell in May and Go Away? Not for USD, Stocks

Posted by By 03/05/2021Posted inForex
“Sell in May and go away” is a popular financial euphemism. It also happens to have been complete nonsense in recent years.
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British Pound Technical Forecast: GBP/USD Reversal Risks May Setback

Posted by By 03/05/2021Posted inForex
Sterling may be vulnerable to further losses after reversing off key technical resistance. Here are the levels that matter on the GBP/USD weekly chart heading into May.
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Gold Price Forecast: Gold Threatens Break, Bulls Nearing Control

Posted by By 03/05/2021Posted inForex
Gold prices have spent almost nine months in a bearish channel. But taking a step back shows that channel as part of a bull flag formation, and buyers are making…
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