Euro Outlook - Q1 GDP Releases Hold the Key for the Next Move in EUR/USD
Strong Eurozone economic expectations are being ignored as EUR/USD traders wait for today’s US Q1 GDP release and Friday’s German and Eurozone numbers.
GBP Q2 2021 Fundamental Forecast
The British Pound rallied towards GBP/USD 1.4200, slightly higher than our expectations, before dropping back to 1.3700.
Post-FOMC US Dollar Price Set Up: USD/JPY, USD/CHF, USD/CAD
The unchanged Fed guidance sees the US Dollar unwind some of its pre-meeting build-up on hawkish expectations.
Gold Q2 2021 Technical Forecast
Gold has been declining since August 2020, and has yet to show any real signs of life.
British Pound (GBP) Price Outlook: 1.40 in Sight Despite Ousting of Arlene Foster
The resignation of Arlene Foster as First Minister of Northern Ireland has added to the political risk for GBP/USD bulls but the pair will still likely hit the 1.40 level.
Euro Price Forecast: EUR/USD, EUR/JPY May Slide Ahead of Sentiment Print
The Euro has rode the tailwind of easing coronavirus restrictions higher against the US Dollar and Japanese Yen in recent days. However, underwhelming consumer confidence figures could trigger a ne...
Crude Oil Price Outlook: US GDP Eyed Post Dovish Fed, OPEC+ and Indian Covid Surge
Crude oil prices are rising before first-quarter US GDP data after a dovish Federal Reserve. The path ahead remains bumpy amid surging Indian Covid cases and OPEC’s plan to bring back supply.
Gold Price Forecast: XAU/USD Aims Higher as Fed Downplays Early Balance Sheet Taper
Gold prices are gaining following the April Fed interest rate decision where the central bank calmed expectations for a balance sheet taper. US PCE data will provide data to help forecast the Fed's...
Dogecoin Spikes on Musk, Cuban Tweets, Bitcoin Struggles Post-FOMC
Dogecoin prices spiked higher on the back of a flurry of tweets from Elon Musk and Mark Cuban, while Bitcoin prices remain at risk of a more extensive correction lower post-FOMC meeting.
Dow Jones Down Despite Fed and Earnings Support, Biden Eyed
The Dow fell alongside the Nasdaq and the S&P 500 as US stocks failed to capitalize despite support from a dovish Fed and firm earnings reports. A speech from US President Biden is now in focus.