British Pound Weekly Outlook: Distressed GBP on the Backfoot Ahead of Next Week’s Key Data
The longer-term downtrend looks to be resuming for GBP/USD as key UK and U.S. economic data points lie ahead next week.
Gold Performance in Midterm Election Years – There’s a Bigger Trend Elsewhere
Any direct connection between gold prices and midterm elections may be spurious, at best.
Unemployment Rate Dips as Job Growth Stays Solid. What Now for Stocks, Dollar?
The U.S. jobs report showed that the economy added 263,000 payrolls in September, versus the 250,000 expected, a sign that the labor market remains resilient and very tight.
WTI Oil Forecast: Sustained Break Above $90 Psychological Level Needed for Rally to Continue
WTI rally puts its back on course for a $100 a barrel in Q4. Will Fed rate hikes be able to stem the tide?
US Dollar (DXY) Reinforced by Sustained Hawkish Fed Speak and US NFP Bets
A constant stream of hawkish Fed speak is keeping the US dollar within striking distance of a fresh two-decade high. Will it be enough?
Euro Price Forecast: EUR/USD Trades Watchfully Ahead of NFP
EUR/USD has retraced much of its gains earlier in the week with NFP data in focus this afternoon.
USD/JPY Latest: Jitters Around Intervention at the 145 Level, NFP Next
USD/JPY trades around 145 this morning attracting further jawboning from PM Kishida and the possibility of another round of FX intervention. Focus turn to NFP
Crude Oil Holds the High Ground Despite US Dollar Strength on Hawkish Fed
Crude oil has maintained recent gains even though US Dollar ascendency got back on track after a plethora of Federal Reserve speakers talked the talk. How high can WTI go?
Gold Prices Nervously Await Non-Farm Payrolls Data and the Impact on the Fed
Gold’s rally noticeably slowed heading into the US non-farm payrolls report. A lot is hinging on the jobs report, namely its impact on the Federal Reserve. Expect heightened volatility risk.
NFPs Can be the Dollar and Stock Spark But Financial Instability is the Fire
We are moving into ‘nonfarm payrolls Friday’ and the potential for volatility is significant after a broad mix of preceding employment statistics. While the employment report can certainly spur the…