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British Pound (GBP) Price Outlook: GBP/USD Eases Despite Strong UK Jobs Data

Posted by By 17/08/2021Posted inForex
Latest labor market figures show UK employment up by more than expected, higher average earnings and a lower UK unemployment rate yet GBP/USD fell, suggesting underlying weakness.
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New Zealand Dollar Down on Covid Case as RBNZ Looms, SEC Warns on China

Posted by By 17/08/2021Posted inForex
The New Zealand Dollar fell on reports of a new local Covid case just as the RBNZ rate decision enters the spotlight. NZD, AUD and APAC equities were weighed down…
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Crude Oil Prices Fall Amid Viral Concerns, US Retail Sales Data in Focus

Posted by By 17/08/2021Posted inForex
WTI crude oil prices extended lower on Tuesday as investors mulled the spread of Delta variant around the globe and its impact on energy demand. US retail sales figures will…
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Gold Price Outlook: XAU/USD Firms Back Into Range Ahead of Fed Powell Speech

Posted by By 17/08/2021Posted inForex
Gold continued to shake off last week’s test of the lower bound of the recent range. The rally occurs as US yields drift lower ahead of a busy week and…
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Australian Dollar Outlook Remains Bleak Following Release of RBA Minutes

Posted by By 17/08/2021Posted inForex
Significant headwinds remain for the Australian Dollar in the face of local lockdowns, slowing economic data, sentiment and the Federal Reserve potentially starting to taper this year.
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Dow Jones Advances Despite Growth Concerns, Hang Seng Tests Support

Posted by By 17/08/2021Posted inForex
The cyclically-oriented sectors led the decline whereas defensive ones gained on Monday. Lingering viral concerns and poor Chinese economic data weighed sentiment. Asia-Pacific markets opened modes...
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Japanese Yen Outlook: USD/JPY Falls on Soft US and Chinese Data. AUD/JPY Eyed

Posted by By 16/08/2021Posted inForex
The Japanese Yen outperformed, sending USD/JPY lower as market sentiment mostly soured and global bond yields declined on Monday. AUD/JPY may rise on the RBA meeting minutes.
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USD/CAD Price Outlook: Rising Support to Challenge Resistance

Posted by By 16/08/2021Posted inForex
USD/CAD price action is edging higher to start the week as crude oil comes back under pressure. US Dollar volatility might accelerate with retail sales data and FOMC minutes on…
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FX Week Ahead – Top 5 Events: August RBNZ Meeting; UK Inflation, Canada Inflation, and Eurozone Inflation; July FOMC Minutes

Posted by By 16/08/2021Posted inForex
The turn through the middle of August brings forth a bevy of data related to inflation and central banks’ stimulus withdrawal efforts – and most of it arrives on Wednesday.
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Dogecoin, Cardano Breakout as Bitcoin, Ethereum Coil for Next Major Moves

Posted by By 16/08/2021Posted inForex
It was a weekend for alt coins but don't sleep on Bitcoin and Ethereum, as both are brewing with breakout potential.
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