Bank of England Preview: How Will the Pound (GBP) React?
BoE to maintain policy settings, while risks lean towards a more hawkish statement.
EUR/USD Rate Rebound Pulls RSI Out of Oversold Territory
EUR/USD may stage a larger rebound over the remainder of the week as the RSI bounces back from oversold territory to indicate a textbook buy signal.
Manufacturing Activity Surges to a Record High, but Services PMI Cools, US Dollar Retreats
June Manufacturing activity jumps to a record high of 62.6 from 62.1 in May whileServices PMI slows down to 64.8 from 70.4 in the previous month.
Gold Price Outlook: Gold Plunges into Critical Support- XAU/USD Levels
Gold prices plummeted nearly 8% off the June high with the decline now rebounding off critical uptrend support. The levels that matter on the XAU/USD technical charts.
Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook
What do the non-major EUR-crosses tell us about market sentiment?
DAX & CAC 40 Technical Outlook: Trying to Hold onto Trend Support
The DAX and CAC have come under some pressure recently; support is holding for now, important to continue doing so.
S&P 500 Forecast: U.S. Tech Stocks Gain as Powell Appeases Markets
This week has been positive for the S&P 500 and U.S. equities in general with additional stimulus coming from Fed speakers downplaying inflationary pressure and easing hype around last weeks…
British Pound (GBP) Price Outlook: GBP/USD to Benefit from UK PMIs
GBP/USD continues to edge higher ahead of Thursday’s announcement by the Bank of England’s monetary policy committee and could touch 1.40 after broadly positive UK PMI data.
Australian Dollar Price Outlook: AUD/USD Attempts Recovery Above 0.7555
AUD/USD attempts to hold gains above 0.7555 as momentum consolidates
Gold Price Outlook – Tepid Recovery Off Important Support Remains Under Pressure
Gold bounced off an important support level at the end of last week but the pull-back remains unconvincing