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British Pound (GBP) Price Outlook: GBP/USD to Drift, UK Jobs Data Mixed

Posted by By 14/12/2021Posted inForex
GBP/USD will likely continue to trade close to the 1.32 level ahead of Thursday’s monetary policy announcement by the Bank of England, unaffected by the latest UK employment figures.
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Japanese Yen Technical Analysis: USD/JPY, AUD/JPY. Is the Yen Contained for Now?

Posted by By 14/12/2021Posted inForex
The Japanese Yen resumed weakening against USD and AUD last week as it moved back inside recent ranges. Where to for JPY going into year-end?
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Crude Oil Forecast: Bears in Control on Omicron Risks, Surging US Production

Posted by By 14/12/2021Posted inForex
Oil prices are taking a hit on fresh Omicron news. Meanwhile, US production is forecasted to hit record levels in the Permian Basin, according to a report from the US…
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Australia Dollar Technical Analysis: AUD/USD, EUR/AUD. Will Momentum Resume?

Posted by By 14/12/2021Posted inForex
The Australian Dollar has bounced back from lows against the US Dollar and the Euro as it establishes short-term ranges. Where to for the Aussie?
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Dow Jones Sinks to Start off the Week, Will the Nikkei 225 and ASX 200 Follow?

Posted by By 14/12/2021Posted inForex
The Dow Jones dropped on Monday as traders nervously awaited the Fed later this week. Will this pave the way for a disappointing session for Japan’s Nikkei 225 and Australia’s…
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USD/CAD Continues Higher Despite Bank of Canada Inflation Mandate Extension

Posted by By 14/12/2021Posted inForex
USD/CAD strength looks set to continue despite an extension to the Bank of Canada's inflation mandate. China's foreign direct investment will cross the wires today.
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EUR/USD Rate Vulnerable to Diverging Policies Between ECB and FOMC

Posted by By 13/12/2021Posted inForex
The ECB’s wait-and-see approach for monetary policy may drag on EUR/USD as President Christine Lagarde and Co. remain in no rush to implement higher interest rates.
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Hang Seng Rally Could Gain Traction as PBOC Focuses on Easing, Economic Support

Posted by By 13/12/2021Posted inForex
The recent rally in the Hang Seng Index may intensify as the PBOC entertains a slate of easier policies to combat growth fears and property sector woes.
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S&P 500 Stumbles on Omicron Fears and FOMC Policy Risk Amid Soaring Inflation

Posted by By 13/12/2021Posted inForex
Market concerns about the omicron variant and Fed monetary policy risk amid mounting inflationary pressures sap sentiment and weigh on U.S. stocks at the start of the new week.
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USD/JPY Outlook Hinges on Fed’s Forward Guidance for US Rates

Posted by By 13/12/2021Posted inForex
The Federal Reserve rate decision may spark a near-term rally in USD/JPY if the central bank shows a greater willingness to implement a rate hike sooner rather than later.
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