Euro Forecast: EUR/USD Outlook Still Constructive After Break Above 1.20
Last week saw EUR/USD break above 1.20 for the first time since early March; now it will likely pause for breath before possibly strengthening further.
U.S. Inflation could Hit 3 or 4 by Middle of 2022
More and more strategists believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm Independent Strategy, is among them. He told CNBC on Wednesday that the U.S. inflation rate, which stood at 2.6 in March from a year earlier, could rise much higher. My own view is that we will […]
Britain Shows Fledgling Signs of Economic Recovery
Britain is showing signs of economic recovery from the COVID19 pandemic as it gradually relaxes its latest lockdown measures, according to a range of timely and forwardlooking indicators. The worlds fifthbiggest economy shrank by almost 10 in 2020, a more severe slump than almost all its European peers after it locked down later and for […]
GBP Technical Forecast: GBP/USD Bullish Above Longer-term Support
Cable broke out of a bull-flag last week, but spent a few days retracing that initial move; look for the outlook to remain bullish above longer-term trend support.
Gold Price Outlook Hinges on FOMC as US 10 Year Yield Defends April Low
The Federal Reserve interest rate decision may keep the price of gold afloat as the central bank relies on its non-standard tools to achieve its policy targets.
Crude Oil Technical Forecast: Lack of Momentum to Foster Consolidation
Although the longer-term technical outlook for crude oil prices remains skewed to the upside, fading bullish momentum could see a period of consolidation ensue in the near term.
US Dollar Forecast: Fed in Focus Amid Corporate and Capital Gains Tax Hike Bets
The US Dollar remains in a challenging environment as corporate and capital gains tax hike bets bring the Federal Reserve into the spotlight as the April meeting nears.
Bitcoin (BTC), Ethereum (ETH) Crumble, Alt-Coins Hammered – Will Buyers Step Back In Again?
The cryptocurrency market took a sharp leg lower overnight, with the alt-coin space hit particularly hard. Is this the latest chance to buy cheaper stock?
Japanese Yen Technical Forecast: USD/JPY Reversal, EUR/JPY Support
It was a big Q1 for the Japanese Yen, but Q2 has so far shown a far different theme. Will JPY bears find a way to turn the tides in USD/JPY?
Australian Dollar Forecast: AUD/USD Eyes Inflation, Risk Trends
AUD/USD price action looks teed up to resume its ascent following a period of consolidation. Can broader risk trends and inflation data due for release ignite Australian Dollar strength next week?