British Pound Latest: GBPUSD Pushing Higher on US Dollar Weakness
The UK is likely to avoid a technical recession this year, according to the NIESR, but with growth expected close to zero, it may be a close-run thing.
WTI Oil Hits Fresh Weekly High, Retracement Before Continuation?
WTI Oil has posted 3 successive days of gains following a double bottom pattern and renewed optimism around China’s growth prospects.
AUD Price Forecast: RBA Shielding Aussie Dollar Against Hawkish Fed
The Australian dollar awaits key economic data for some short-term directional partiality. AUD/USD will break a key level soon.
Euro Outlook: EUR/USD, EUR/GBP May Fall as Retail Traders Boost Long Bets
The Euro has been weakening in recent days and retail traders responded by boosting long exposure in EUR/USD and EUR/GBP. Is this a sign that more pain is ahead for…
US Dollar Takes a Breather after Fed Hawks Boosted it. Will USD/JPY Climb Again?
The US Dollar reclaimed the ascendency overnight after the Federal Reserve got its message across loud and clear and the markets believed them this time. Where to for USD/JPY?
UK FTSE Technical Outlook: Scope to Rise Further
Technical charts and breadth market data suggest that the UK FTSE 100 index may have scope to rise further in the coming weeks/months. Where is the index headed?
S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?
The S&P has pulled back from last week’s 2023 peak as Federal Reserve tightening concerns continue to plague equity markets. If interest rates go higher for longer as promised, where…
S&P 500 Winds Up Without a Clear Catalyst, Dollar Needs a Stronger Shove
The markets have downshifted this week with the lighter economic docket giving greater weight to the technical barriers that are prevalent across the benchmarks. Will the S&P 500 and Dollar…
Natural Gas Price Forecast: 2-Day Win Streak Falls Apart, 8th Weekly Loss Next?
Natural gas prices reversed a 2-day winning streak, bringing an 8th weekly loss back into focus. Will support give way and what are key technical levels to watch?
EURUSD Shifts from Reversal to Range, Market Interest Growing While SPX Ebbs
The EURUSD’s dramatic reversal from an unsuccessful break above the midpoint of the 2021-2022 range around 1.1000 has lost traction. Market conditions and the docket support ranging and breakouts without…