GBP Price Forecast: Pound Flat Against Peers, Dovish Pressure on BoE Mounting
EUR/GBP & GBP/USD price action shows minimal changes to last week’s close as markets prepare for a slew of UK, US and eurozone fundamental data throughout the week.
New Zealand Dollar Price Setup: NZD/USD Looks Vulnerable Ahead of RBNZ Rate Decision
The New Zealand dollar is looking vulnerable as it tests crucial support as the market scales back expectations of an aggressive rate hike by the Reserve Bank of New Zealand.…
US Dollar Holds Gains as Markets Weigh Fed Moves. Will Yields Boost USD?
The US Dollar has solidified recent gains on a quiet start to the week with a US holiday giving the market time to consider the Fed’s rate path compared to…
EUR/USD Price Setup: A Bit More Downside Within a Broader Consolidation?
The Euro’s drop below key support against the US dollar spells some more troubles for the single currency ahead of key US data this week. What is the outlook and…
Japanese Yen Dips as Treasury Yields Climb Ahead of Ueda Testimony. Higher USD/JPY?
The Japanese Yen has lost ground against the US Dollar as the threat of a re-acceleration of Fed rate hikes lifted Treasury yields and ahead of the nominee for BoJ…
Natural Gas Price Weekly Outlook: Bearish Rectangle Breakout Spells Trouble?
Natural gas prices resumed a broader losing streak last week as the commodity fell almost 10%. A Bearish Rectangle chart pattern breakout may spell more trouble for the heating gas…
Markets Week Ahead: US Dollar, Gold, Dow Jones, FOMC Minutes, PCE, NZD/USD, RBNZ
The US Dollar outperformed as stronger CPI data bolsters hawkish Fed bets last week. Gold prices fell. Ahead, all eyes are on FOMC minutes, PCE data and another RBNZ rate…
Gold Price Fundamental Forecast: XAU/USD Tentative Awaiting Fundamental Catalyst
Gold prices look to upcoming fundamental data next week while XAU/USD holds above 1830 for now.
Oil Forecast: Crude Prices Sink on Rising Rates & China’s Slow Demand Recovery
Oil prices slumped this week as rising rates raised fears of an economic downturn. China’s slow fuel demand recovery following the reopening of its economy also weighed on sentiment.
Canadian Dollar Outlook: Canada’s CPI Eyed as USD/CAD Challenges Key Resistance
Canada’s January inflation report and broad market sentiment following the hawkish repricing of the Fed’s policy outlook will be key catalyst for USD/CAD in the coming days.