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GBP/USD analysis: Cable on verge of big breakout
In the week ahead, we have key UK inflation numbers and global PMI data to trigger the next move. Our GBP/USD analysis remains bullish because of our bearish view on the dollar.
Gold Forecast: XAU/USD Nears Record Highs as “Year of Metals” Continues
Gold remains in a clearly bullish structure, with all eyes on XAU/USD's record highs in the $2420-30 zone.
Equities weekly forecast: Nvidia, Zoom, Target
After record highs on Wall Street last week, attention now turns to earnings from Nvidia, the darling of Wall Street, to see whether the AI stock can push for further record highs.
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GBP/USD analysis: Cable on verge of big breakout
Yesterday 08:00 PM
Silver analysis: precious metal takes out $30
May 17, 2024 03:00 PM
EUR/USD, AUD/USD outlook: Forex Friday - May 17, 2024
May 17, 2024 12:15 PM
USD/CNH, USD/JPY, AUD/USD: China’s spluttering economy weighs on Asian currencies
May 17, 2024 04:48 AM
Be cautious chasing COMEX copper higher with big bears lurking above $5
May 16, 2024 10:58 PM
Silver analysis: precious metal takes out $30
Our silver analysis suggests that the precious metal could potentially rise far beyond the $30 level, if the recent gains by gold and copper are anything to go by and in light of the big technical breakout from a multi-year consolidation pattern.
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GBPUSD Analysis: April Highs Set a Weekly Ceiling
GBPUSD Analysis: with the upcoming BOE statement, CPI metrics, and Flash PMI results, April highs are challenged for further bull runs
Dow Jones Forecast: DJIA set for a quiet start below 40,000
US stocks head for a quiet open as the CPI-fueled rally runs out of steam. Several Fed speakers have warned that rates need to stay high for longer, and they want to see more evidence of inflation cooling before cutting rates. The Dow Jones remains below the key 40,000 level that it breached yesterday. There is no high-impacting data today. Attention will remain on Fed speakers.
EUR/USD, AUD/USD outlook: Forex Friday - May 17, 2024
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the US dollar, euro and Aussie, and look ahead to the next week.
USD/CNH, USD/JPY, AUD/USD: China’s spluttering economy weighs on Asian currencies
China’s fledgling economic recovery suffered another setback in April with activity indicators mostly disappointing, especially regarding the beleaguered property sector. The news weighed on the Chinese yuan and other Asian currencies, such as the Japanese yen and Australian dollar.
The US dollar may not be ready to roll over just yet: The Week Ahead
We'll need to wait until next week's COT report to see the full damage of the US inflation report to USD long positioning, but with key levels holding as support we may find mean reversion works in the dollar's favour next week.
Be cautious chasing COMEX copper higher with big bears lurking above $5
The upside in copper flagged last week has played out nicely, delivering a fresh contract high for the red metal on COMEX futures. However, the price action over the latter parts of this week has not been convincing, warning of growing near-term downside risk.
AUD/USD, ASX 200 eye a solid close for the week: Asian Open
AUD/USD and the ASX 200 have flourished this week thanks to renewed bets of Fed cuts, even though softer employment and wages data for Australia rekindled hopes of a lower RBA cash rate.
USD/CAD outlook dims as US data deteriorates further
The USD/CAD was back at the point of origin of Wednesday’s breakdown at 1.3630-1.3650 area. Could we see the Loonie head lower from here? This week’s disappointing US data certainly point to a dimmer USD/CAD outlook.
EURUSD Forecast: ECB Financial Review Meets April Highs
EURUSD Forecast: the pair is back up to April highs; are March highs next in sight?
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