British Pound (GBP) Price Outlook: GBP/USD Stable After Strong UK GDP Data
The UK economy grew by a huge 22.2% year/year in Q2, just above analysts' forecasts but not by enough to boost GBP/USD, which continues to trade sideways.
US Dollar a Focal Point with USD/CHF Approaching Resistance Levels
The US Dollar continues to consolidate after the US CPI release with central bank tapering a key determinant of future direction. As USD rises, CHF depreciation approaches important levels.
Crude Oil Prices Rise on Softer US Dollar Despite EIA Report Disappointment
Crude oil prices are looking higher as the US Dollar's recent rally losses steam. The move higher comes despite a disappointing EIA inventory report. Traders turn to an upcoming oil report from the...
S&P 500 Hits All-Time Highs as Core CPI Moderates, Hang Seng to Open Higher
The S&P 500 and Dow Jones indexes hit record highs on Wednesday as a moderated core CPI rate soothed tapering fears. The DXY US Dollar index pulled back slightly. Asia-Pacific markets look set to o...
NZD/USD Wedge Breakout Back in Play as US Dollar Strength Cools
NZD/USD is looking higher ahead of Australian and New Zealand inflation expectations. Meanwhile, China's credit conditions point to easing monetary support.
Mexican Peso Outlook: USD/MXN at Risk as Traders Eye Another Banxico Rate Hike
Banxico is seen hiking rates by 25bp to 4.50% tomorrow. As the move has been discounted, traders will be paying close attention to forward-guidance to determine the path of monetary policy.
Oil Price Forecast: Crude Rebound Emerges amid Failed Test of July Low
The price of oil appears to have reversed course following the failed attempt to test the July low ($65.01) as it carves a series of higher highs and lows.
US Dollar Tests Support After CPI: EUR/USD, GBP/USD, USD/JPY
The US Dollar pulled back after a 5.4% headline inflation print. Is this a temporary pullback or the beginnings of a USD reversal?
EUR/GBP Price Outlook: Sluggish Eurozone Recovery Weighs on the Euro
The EUR/GBP pair continues to fall within the descending channel as the eurozone continues its rocky road to recovery
Gold Price Forecast: Rebound in Bullion Generates RSI Buy Signal
The price of gold may stage a larger recovery over the coming days as the Relative Strength Index (RSI) offers a textbook buy signal.