British Pound (GBP) Latest: GBP/USD Upside Persists , EUR/GBP Bearish – UK GDP Firms
UK GDP provides little support given unsurprising beat. EUR/GBP remains bearish below 0.8860.
Dow Jones, S&P 500 Forecast: Surge to Record Highs Running out of Steam
The S&P 500 and Dow Jones could be at risk of a short-term pullback despite a relatively positive earnings season, accommodative monetary policy settings and the prospect of additional fiscal…
Crude Oil Slips as OPEC, IEA Cut Demand Outlook, Gold Eyes US Stimulus
Crude oil ends 8-day winning streak on demand outlook cuts, gold slips on better-than-expected jobless claims data. US stimulus progress, weak USD to underpin energy and metal prices.
US Dollar Technical Outlook: USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar may be at risk to ASEAN currencies, as the Singapore Dollar and Thai Baht attempt a comeback. USD/IDR and USD/PHP still have key support ranges to clear.
Australian Dollar Rises as Lunar New Year Begins – Will AUD/USD Gain Further?
The Australian Dollar rose despite dovish commentary from RBA board member Ian Harper, who suggested their QE program has more room to run, if necessary. Elsewhere, Asia-Pacific trading is looking…
British Pound Forecast: The Sky is Blue – Levels for GBP/JPY, GBP/USD, EUR/GBP
John Lennon comes to mind when thinking about the British Pound’s performance in 2021.
USD/JPY Price Outlook: US Dollar Eyes Sentiment Data on Deck
The US Dollar lacked direction during Thursday's trading session, but USD/JPY price action might pick up around high-impact event risk posed by the upcoming release of consumer sentiment data.
Gold Price Forecast: XAU/USD Runs into Resistance, Will it Reverse Lower?
Gold has endured a volatile February thus far after suffering a rapid decline to start the month followed by an about-face that saw most losses recouped. Now encountering resistance, will…
Central Bank Watch: BOE, ECB, & Fed Interest Rate Expectations Update
None of the three major central banks are expected to cut interest rates in 2021, despite jawboning otherwise.
Canadian Dollar: USD/CAD Weakness to Persist as RSI Snaps Upward Trend
USD/CAD bounces back from a fresh monthly low (1.2661), but the RSI indicates a further decline in the exchange rate as it snaps the upward trend from earlier this year.