British Pound Technical Forecasts – GBP/USD, EUR/GBP, GBP/JPY
The British Pound has been rattled by a range of central bank policy decisions this week. What’s the outlook for Sterling next week?
EUR/USD Technical Outlook: Upward Momentum Intact
Upward momentum in the Euro remains intact against the US dollar after the European Central Bank (ECB) indicated a much higher rise in rates than anticipated by markets. What is the outlook and the key levels to watch?
S&P 500, Nasdaq, Dow Jones Technical Forecast for the Week Ahead
The S&P 500, Nasdaq and Dow all produced bearish engulfing formations after failed breakouts last week. Can bears push into year-end, or will that have to wait as a 2023 theme?
Gold Price Outlook for the Week Ahead: XAU/USD Remains Bearish Biased, Where to?
While gold prices were left mostly flat last week, the fundamental landscape arguably remains bearish. This is as XAU/USD shows increasing technical signs of an impending bearish reversal.
Dollar Outlook Still Carries Important Event Risk and Technical Pressure
The Dollar was in something of a precarious technical position heading into the high-level event risk of last week. Now as we move into a period that typically sees a drop in liquidity through year end, the ‘majors’ like EURUSD are still unclear about their bearing.
Volkswagen Investors Renew Governance Gripes, Despite Special Dividend
Shareholders to vote on dividend payout from Porsche listing Carmaker on 39;solid footing39; CEO Decision on battery plant site in Eastern Europe 39;soon39; CEO Some shareholders still sceptical of Blume39;s dual role BERLIN, Dec 16 Reuters Volkswagen shareholders renewed their criticism of CEO Oliver Blume39;s dual roles on Friday, even as they prepared to rubber stamp […]
Amazon to Bring Fantasy Game Warhammer 40,000 onto Screens
Commercial terms of deal not disclosed Games Workshop shares jump 14 Actor Henry Cavill reportedly involved in project Dec 16 Reuters Amazon.com is seeking to bring popular fantasy game Warhammer 40,000 to life after agreeing in principle to produce film and television content with British developer Games Workshop. The deal, whose commercial terms were not disclosed […]
UniCredit Signs Asset Management Accord with Azimut
MILAN, Dec 16 Reuters UniCredit has struck an accord with asset manager Azimut Holding in a move that will see the Italian bank bring back inhouse a feeyielding business 10 years after parting ways with its Pioneer asset management arm. Under the accord, whose financial terms were not disclosed, Azimut will set up in Ireland an asset […]
UK Downturn Moderates in December but Recession Begins PMI
LONDON, Dec 16 Reuters The downturn across most British businesses eased slightly this month but manufacturers struggled and the economy is still likely to contract this quarter, marking a recession, a survey showed on Friday. The UK SP Global Composite Purchasing Managers39; Index PMI rose unexpectedly to 49.0 from 48.2 in November, although it remained […]
UK Consumer Confidence Edges Up, Still Close to Record Low
LONDON, Dec 16 Reuters British consumer confidence crept up this month but is still close to alltime low levels as households see their incomes eroded by high inflation, market research firm GfK said on Friday. GfK39;s monthly consumer confidence index, which dates back to 1974, rose in December to 42 from November39;s 44. It touched […]