Forex

GBP caught in the crossfires of back and forth Brexit headlines. Choppy trading conditions to persist.

USD price action is attempting to turn higher with the US Dollar reacting positively to better-than-expected US retail sales and consumer sentiment data just crossing market wires.

A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.

This is a look-ahead to some charts that may become of interest in the next week of trading.

USD/ZAR remains rangebound ahead of presidential election and fears of economic recovery

The FTSE 100 is trading in positive territory today after pressing down on a multi-month low on Thursday. A collection of resistance levels lie ahead.

Another volatile day looks to be on the cards for the Pound as market participants await PM Johnson’s Brexit response.

EUR/USD at risk of extending its retreat from the monthly high if upcoming inflation data put further pressure on the ECB to adjust its monetary policy settings.

Crude oil prices trimmed losses on rising US stimulus bets. However, WTI and gold prices may fall on disappointing retail sales and consumer sentiment figures as the week concludes.

The US Dollar faces a range of mixed technical signals against ASEAN currencies after some gains and losses. What is the road ahead for USD/PHP, USD/SGD, USD/MYR and USD/PHP?