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GBP/USD Price Forecast: Positive Retail Sales Temporarily Lifts the Pound

Posted by By 21/07/2023Posted inForex
Cable caught a bounce this morning on positive retail sales numbers. Is the rebound sustainable or will we see further weakness ahead of a busy 2-week period of Central Bank…
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US Dollar Recovery this Week Faces Next Key Obstacle, Where to for DXY?

Posted by By 21/07/2023Posted inForex
The US Dollar is on course to finish this week strong, a meaningful turnaround from the previous one. But, with prices at resistance, can DXY pierce a key ceiling?
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Japanese Yen Steady After CPI; USD/JPY, AUD/JPY, CAD/JPY, MXN/JPY Price Action

Posted by By 21/07/2023Posted inForex
The Japanese yen was steady even as price pressures in Japan re-accelerated last month amid the growing view that inflation is peaking. What does this mean for USD/JPY, AUD/JPY, CAD/JPY,…
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Euro Technical Outlook – A Retreat from Lofty Levels. Will EUR/USD Reverse?

Posted by By 21/07/2023Posted inForex
The Euro has pulled back from the 17-month peak seen last week against the US Dollar and could be at a critical juncture to decide if bearishness picks up, or…
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Profit-Taking in Big Tech Overnight, as US Earnings Remain Centre Stage: US Dollar, Nikkei 225, AUD/JPY

Posted by By 21/07/2023Posted inForex
Wall Street ended mixed overall, with further catch-up gains in value sectors as the DJIA delivered its nineth day winning streak.
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Dow Jones, S&P 500 May Climb as Retail Traders Remain Deeply Bearish

Posted by By 20/07/2023Posted inForex
The Dow Jones and S&P 500 may continue upward as retail traders remain persistently bearish Wall Street, increasing downside exposure. What are key levels to watch ahead?
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Crude Oil Forecast: Breakdown in Play after Confluence Resistance Rejection

Posted by By 20/07/2023Posted inForex
Oil has lacked directional conviction after failing to break above confluence resistance last week, with prices ranging between ~$77.50 and ~$74.00 ahead of a possible breakdown.
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Gold Suffers Setback as USD and Yields Blast Off. Will XAU/USD Break Down?

Posted by By 20/07/2023Posted inForex
Gold prices gyrate lower as the U.S. dollar and bond yields rise following better-than-expected U.S. economic data ahead of next week's key Fed decision.
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USD/ZAR Rises as SA Reserve Bank (SARB) Pauses After 10 Consecutive Hikes

Posted by By 20/07/2023Posted inForex
USD/ZAR fails to reclaim the R18/$ mark despite rate pause. The ZAR could be in for some short-term pain but the bigger picture appears to finally turning a corner.
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FTSE Overcomes Two Major Hurdles, GBP Declines

Posted by By 20/07/2023Posted inForex
The FTSE overcame two major challenges in quick succession, buoyed by softer core CPI, a weaker pound and a resurgence from UK homebuilders. Markets revise BoE bets lower
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