Swiss Franc Technical Outlook: USD/CHF Aims For Key Level at Multi-Month Highs
USD/CHF appears ready to continue its run higher, supported by healthy technical momentum, as quarter-end approaches.
Japanese Yen Price Forecast: AUD/JPY, GBP/JPY, USD/JPY Key Levels
The Japanese Yen has come under significant pressure against its major counterparts in recent weeks and appears at risk of extending recent losses. Key levels to watch for AUD/JPY, GBP/JPY and USD/…
British Pound Forecast, Near-Term Warnings: GBP/USD, GBP/NZD, GBP/CAD, GBP/CHF
The British Pound could be at risk against some of its major peers in the near-term, but would this be enough to overturn broader trends? GBP/USD, GBP/NZD, GBP/CAD and GBP/CHF are in focus.
Australian Dollar Forecast: AUD/USD Eyes Biden Speech, Economic Data
AUD/USD is trading against the neckline of a Head and Shoulders pattern and is likely set to see movement on today’s PMI release from China.
Copper Prices Coil into Symmetrical Triangle amid Uptrend – Bullish Resolution Sought
Although copper prices have not made much progress over the past four-weeks, there are still reasons to think that more gains may be ahead.
IMF Hikes Italian Growth Forecast, Urges Tax Reform
ROME, March 30 Reuters The Italian economy could grow by around 4.25 this year, the International Monetary Fund said on Tuesday, hiking its previous forecast of 3 made in January. The IMF said its new projection, made in a report following an annual visit to Italy, was dependent on COVID19 vaccinations being well advanced by […]
Sterling Gains Versus Euro, Driven by UK Outperformance on Vaccine Rollout
LONDON, March 30 Reuters The pound strengthened against a weaker euro on Tuesday, but was flat against the dollar, as investors focused on the outlook for reopening the UK economy from its lockdown. Sterling has gained some 4.5 against the euro so far this year. Analysts say the move is largely due to the pace […]
German March Inflation Surpasses ECB Larget
BERLIN, March 30 Reuters Higher energy prices and supply chain disruptions pushed Germanys annual consumer price inflation in March above the European Central Banks target of close to but below 2, Federal Statistics Office data showed on Tuesday. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by […]
Euro Outlook: EUR/USD Plummets Towards 1.17- Bear March into April
Euro plunged nearly 3% in March with EUR/USD marking fresh yearly lows into the monthly close. Here are the levels that matter on the Euro technical charts.
GBP/JPY Maintaining Uptrend; GBP/USD Setback Deepens; EUR/GBP Bearish Breakout Nears
At first glance, there’s no clear direction across the GBP-complex, with each of the major GBP-crosses telling a different story.