British Pound Update: GBP/USD and GBY/JPY Latest Price Outlooks
The British Pound is edging lower after yesterday’s better-than-expected inflation report sent UK Gilt yields tumbling.
FTSE Update: Inflation Relief Boosts Homebuilders as Traders Revise BoE Bets
Better-than-expected UK core inflation data breathed life into the FTSE, placing the index well above two major levels of resistance in less than two days
FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since May 24, 2023 when FTSE 100 traded near 7,626.60.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
USD/JPY, EUR/JPY Price Forecast: Yen Higher Following Trade Surplus in June
The Yen enjoyed a slight uptick in the Asian session following a trade surplus in June. Murmurs around intervention is likely to continue to keep the Yen supported with losses…
Dow Makes Progress and Nasdaq 100 Edges Lower, but Nikkei 225 Comes Under Pressure
The Dow is sitting close to the 2023 it hit yesterday, while the Nasdaq has seen momentum dissipate. Meanwhile, the Nikkei 225 has seen a wave of selling that threatens…
EUR/USD Price Forecast: Euro Fading Into Central Bank Week?
The euro looks to be running out of steam despite persistent high inflation ahead of next weeks ECB and FOMC announcements.
Is Canadian Dollar Getting Ripe for a Bounce? USD/CAD, EUR/CAD, GBP/CAD Price Action
The Canadian dollar looks set to resume its rise against some of its peers, thanks to a still-hawkish Bank of Canada (BoC) and a potential base building in oil prices.…
Gold Price Trend Focuses Back on Broader Upside Bias Since the End of Last Year
Gold prices have been aiming higher in recent weeks with the broader upside bias since the end of last year appearing to reinstate itself. What are key levels of resistance…
Crude Oil Steadies as Markets Assess US Dollar Direction. Will WTI Regain High Ground?
The crude oil price decent pause to start Thursday’s session as markets assess energy demand with China leaving rates unchanged. If the US Dollar resume sliding, can WTI break the…
What’s Changed for British Pound After UK CPI? GBP/USD, EUR/GBP, GBP/AUD Price Setups
The British pound looks set to retreat slightly against its peers following evidence that price pressures in the UK are finally moderating from elevated levels. What’s next for GBP/USD, GBP/AUD,…