British Pound Q3 Technical Forecast: Attractive at Lower Levels
Much like the end of Q1, GBP/USD is closing Q2 on a rather sour note. The pair rejected 1.4240-50 yet again, making it look increasingly like a double top.
Indian stock surge presents a hedging opportunity
The Elliott Wave theory suggests limited upside after India’s benchmark Nifty 50 Index.
EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Jan 19 when EUR/GBP traded near 0.89.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
New Zealand Dollar Forecast: NZD/USD Balancing Covid Risks as RBNZ Approaches
The New Zealand Dollar is off to an upbeat start against the US Dollar after a down week. Rising Covid cases in Australia and the RBNZ meeting later this week are likely to influence price action.
Markets Week Ahead: USD/JPY, Euro, Dow, Oil, BoC, RBNZ, Inflation, Earnings
Markets experienced some turbulence last week as freefalling bond yields concerned investors and fueled an unwind of the reflation trade. Will volatility continue in the week ahead?
S&P 500 and FTSE 100 Forecasts for the Week Ahead
Fresh record highs for the S&P 500 as falling bond yields prompt growth stocks to outperform. FTSE 100 consolidates.
Australian Dollar Analysis, More Losses Next? AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD
The Australian Dollar may extend losses ahead, prolonging the top it started back in February. What are key technical levels to watch for in AUD/USD, AUD/JPY, AUD/CAD and GBP/AUD?
British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP
It was a busy week for GBP/JPY as GBP/USD showed tendencies of mean reversion. Can bulls continue to push for a larger GBP recovery?
Gold Forecast: Depressed Real Yields and Delta Variant Worries May Boost Bullion Prices
Gold prices may have some short-term upside potential, supported by depressed real yields in the U.S., concerns about the Covid-19 delta variant and China’s slowing economy.
Weekly Fundamental US Dollar Forecast: Will Hot Inflation Spark US Yields Again?
The US Dollar (via the DXY Index) has dropped back as the calendar moved into mid-July on the back of declining Fed rate hike expectations and collapsing US Treasury yields.