FTSE 100 Index Forecast: UK Stocks Surge on Robust Earnings Reports
FTSE 100 index up 1% today and 9.70% YTD after several constituents posted record earnings results with help from a dovish Fed and sliding UK bond yields.
AUD/USD Rate Defends Post-FOMC Gain on Lackluster US GDP Report
AUD/USD defends the advance following the Federal Reserve interest rate decision as the US Gross Domestic Product (GDP) report warns of a weaker-than-expected recovery.
US Dollar Hits Monthly Low as Jobless Claims, Q2 GDP Disappoint
The US Dollar is extending its post-Fed slide so far during Thursday's trading session with the help from disappointing data on weekly jobless claims and second quarter GDP.
Euro Price Outlook - US Data Will Decide the Next Move in EUR/USD
The recent EUR/USD rally is heading into a zone of resistance ahead of two important US data releases
Gold Price Forecast: Is Bitcoin Taking the Shine Away From Gold?
Neutral Fed does little for the USD, boding well for higher gold prices
NZD/USD Outlook: Central Bank Divergence to Play a Key Role
Investors were left wanting more from the Fed as other central banks move towards adapting their monetary policy
British Pound (GBP) Price Outlook: GBP/USD Strong, Breaks Above Resistance
Sterling is firm all round Thursday, with GBP/USD breaking above another important resistance level, and the pair now seems on course to hit 1.40 in due course.
US Dollar Trend Still Points Higher After FOMC, Q2 GDP Eyed
The US Dollar was knocked back by July’s FOMC policy announcement but a close look at officials’ guidance hints the uptrend remains intact. Second-quarter GDP data is in focus next.
Crude Oil Outlook: WTI Jumps After Oil and Gas Inventory Drop Saps Covid Fears
Crude oil prices shifted higher after the EIA weekly report showed a bigger than expected drop in oil and gasoline stockpiles, eroding Covid demand-side fears.
Gold Price Outlook Shifts Rosy Post FOMC, XAU/USD Eyeing US GDP Data Next
Gold prices are rising after the Federal Reserve rate decision, picking up gains during the Asia-Pacific session. Ahead, softer second-quarter US GDP data may further boost XAU/USD.