British Pound Buoyant Ahead of BOE: How Much More Upside in GBP/USD?
The British pound’s rise to a one-year high against the US dollar last week is another sign that GBP/USD’s medium-term fortunes could be changing. How much more upside?
Crude Oil Price Steadies After Tumultuous Week. Where to for WTI?
Crude oil prices consolidated into the week as markets take stock of the macroeconomic environment and OPEC+ continues to be on traders’ minds. Will WTI recover further?
Markets Week Ahead: S&P 500, Gold, US Dollar, Oil, BOE, US CPI, China Inflation
Key focus in the coming week is on US CPI data, the Bank of England interest rate decision, and China inflation and new yuan loans data. Also, 32 S&P 500…
Crude Oil Weekly Forecast: Oil Eyeing Further Recovery as Recession and Demand Fears Persist
Oil prices recovered aggressively from multi-month lows as WTI closed the week above the $70 a barrel mark. Technicals hint at a deeper recovery but market sentiment remains fragile.
British Pound Week Ahead: GBP/USD Stumbles, EUR/GBP Tests Support, BoE on Tap
The Bank of England will announce its latest monetary policy decision next Thursday with a 25bp Bank rate hike already fully priced-in. What Governor Bailey says post-decision will be key.
Euro Fatiguing Heading Into an Inflation Filled Week?
EUR/USD looks to be prepping for a key technical breakout that could be catalyzed by upcoming US and German inflation data.
S&P 500, Nasdaq Weekly Outlook: Banking Sector Stress Takes Center Stage
US equities have struggled to clear past their recent highs even as the US Federal Reserve hinted at a pause in the hiking cycle. As the earnings season draws to…
USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Apr 20, 2023 when USD/CAD traded near 1.35.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.
April Jobs Report: NFP Rises by 253k as Unemployment Falls and Average Hourly Earnings Rise
US Jobs numbers surge higher as average hourly earnings adds to inflationary concerns. Unemployment matches January print, a 50-year low.
Swiss Franc Price Outlook: Banking Woes Support CHF Bid
The Swiss Franc has been one of the top performers against the dollar as its safe-haven allure provides shelter from the recent banking and economic uncertainty