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British Pound (GBP) Outlook: GBP/USD and EUR/GBP Weekly Forecasts

Posted by By 20/02/2021Posted inForex
Sterling is finishing the week in strong fashion, breaking above 1.4000 against the US dollar and hitting a fresh near one-year low against the Euro.
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Gold Versus Real Yields: Are Inflation Bets Fully Priced Into XAU/USD?

Posted by By 20/02/2021Posted inForex
Rising real yields are pressuring the yellow metal and the inflation-adjusted price of gold is already near historical highs. Where next for XAU/USD?
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Nasdaq 100 Forecast: Minor Correction Ahead Amid an Ascending Channel?

Posted by By 20/02/2021Posted inForex
The Nasdaq 100 index likely entered a technical correction after hitting the 161.8% Fibonacci extension resistance. The overall trend remains bullish-biased however, with prices remaining within an...
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EUR/USD Forecast: Euro Reversal Takes Shape Ahead of February Low

Posted by By 20/02/2021Posted inForex
EUR/USD appears to have reversed course ahead of the February low (1.1952) as it breaks out of the descending channel from earlier this year.
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New Zealand Dollar Forecast: Bullish Outcomes Unfold for NZD/JPY, NZD/USD

Posted by By 19/02/2021Posted inForex
NZD/JPY has broken through the 2019 high on its way to a fresh yearly high, while NZD/USD just reached its high for 2021.
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Bitcoin Price Forecast: BTC/USD Pushes to New Heights Amid Corporate Adoption

Posted by By 19/02/2021Posted inForex
After breaking above $50,000 for the first time ever, Bitcoin has pushed higher still as US corporations wade into the cryptocurrency space. Can new entrants prolong the remarkable rally?
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Gold Price Outlook – A Support Break Sets Up More Selling

Posted by By 19/02/2021Posted inForex
Gold is weak right now and could continue to be in the near-term; watch support for further cues.
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South Africa Rand Forecast: USD/ZAR, GBP/ZAR, EUR/ZAR Price Levels

Posted by By 19/02/2021Posted inForex
Rand resilience remains but next week’s budget speech could be a key driver of short-term price action
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GBP/USD Weekly Forecast: How Much Higher Can GBP/USD Go?

Posted by By 19/02/2021Posted inForex
GBP/USD breaking out to near 3 year highs at 1.40, but how much further can this GBP rally go?
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EUR/CHF IG Client Sentiment: Our data shows traders are now net-short EUR/CHF for the first time since Dec 28, 2020 when EUR/CHF traded near 1.09.

Posted by By 19/02/2021Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.
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