GBP/USD bulls caught out by wait and see BoE, while 1.4000 caps GBP rallies.
Kategorie-Archiv: Forecasts
Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs
Markets were roiled by a wave of volatility following the Fed last week. The Dow Jones and gold prices plunged while the US Dollar surged. What’s in store for GBP/USD with PMIs and the BoE on tap?
Weekly Fundamental Gold Price Forecast: The Tides Have Turned
Tough sledding ahead for gold prices.
Mexican Peso Weekly Forecast: USD/MXN Charges Higher
USD/MXN breaks several resistance levels as the USD rally extends further
Crude Oil Price Forecast: Bullish Scenario Remains Intact amid Strengthening Demand
Although the Fed hawkish bias has caused some reflationary position unwinding and anxiety about the outlook for commodities, the fundamental picture for oil has not changed and remains bullish.
Euro Forecast: Time to Turn Bearish on Long-Term EUR/USD Price Outlook
Last week’s updated Federal Reserve dot plot, suggesting two US interest rate increases in 2023, could be a game-changer for EUR/USD. Strategically, a long-term trend lower may have now begun.
Australian Dollar Outlook: Hard Fight Ahead Against FOMC-Charged US Dollar
The Australian Dollar sank against the US Dollar after the FOMC sent a hawkish policy signal. AUD/USD faces a new headwind in the form of a charged US Dollar.
Bitcoin (BTC): Short-Term Support Under Threat as Positive Sentiment Wanes
A short-term ascending channel is under threat after Bitcoin’s first attempt to break through a stubborn resistance zone failed
US Dollar Outlook: A hawkish Fed Pivot – Is the USD Rally Transitory?
USD soars following hawkish Fed, rally looking overextended however.
British Pound Outlook: GBP/USD Clears May Low Ahead of BoE
The Bank of England (BoE) interest rate decision may do little to sway GBP/USD as the central bank is widely expected to retain the current course for monetary policy.