GBP Price Forecast: UK House Price Index Rises for 2nd Consecutive Month
GBP/USD prices are attempting a pullback as UK house prices surprised to the upside as US labor markets come under the spotlight later today.
Crude Oil Forecast: Prices in Freefall as Pivotal Technical Support Caves In
This article delves into the reasons behind oil’s recent selloff. The piece also examines the commodity’s technical outlook, analyzing critical price thresholds that should be on every trader’s radar in the coming days and weeks.
Bitcoin (BTC/USD) Price Forecast: On the Way to $50K or Retracement First?
Bitcoin takes a breather with key resistance resting at the $45k mark. Will Bitcoin experience a significant pullback as option markets hint at a push toward the $50k handle?
Gold Price Forecast: Gold Rangebound as Indecision Reigns Pre-NFP, Silver Eyes Support
Gold’s failure to close below the $2020/oz support area yesterday prompting a retest of key resistance hovering at $2032/oz. Will the NFP print facilitate a new leg to the upside?
US Dollar Price Action Setups: USD/CAD Tepid After BoC Decision, USD/JPY Wavers
In this article, we analyze the technical outlook for USD/CAD and USD/JPY, dissecting important price levels that could function as support or resistance in the upcoming trading sessions.
S&P 500 Eases After Promising Gap Higher at the Open, Yields Hit 3-Month Low
US stocks opened higher, buoyed by lower US yields and a slightly weaker dollar but momentum and oscillating indicators pose a challenge to further immediate upside
British Pound Latest: Shifting Rate Expectations Move GBP/USD and EUR/GBP
The sharp re-pricing of ECB and Fed rate expectations compared to the BoE can be seen clearly in GBP/USD and EUR/GBP and may continue going into 2024.
FTSE 100 Resumes Ascent, Dax 40 Hits Record High and Russell 2000 nears Three-Month Highs
Outlook on FTSE 100, DAX 40 and Russell 2000 ahead of this week’s US ADP and NFP employment data.
Yen Price Update: Officials Mum on Policy Overhaul, USD/JPY Consolidates
BoJ officials aren’t prepared to commit to a timeframe when negative interest rates will come to an end. Data is yet to convince the committee to end decades long stimulus and USD/JPY consolidates ahead of NFP
Euro Price Forecast: EUR Threatened by Dovish ECB & Bleak Forecasts
EUR prices stay depressed as markets digest less aggressive commentary from ECB officials as rate expectations see cuts in the first quarter of 2024.