The British Pound is barely above its Q1 opening level with GBP/USD constrained in a six-point, sideways trading range since the start of the year.
Schlagwort-Archiv: Market
Australian Dollar Outlook: Inflation to Drive Rates Path
The Australian Dollar finished the first quarter not far from where it started after trading in a wide range of 0.6565 – 0.7158 through the first three months of 2023.
Nasdaq 100, Dow Jones, S&P 500 Forecast: US Indices Remain Resilient as Technicals Hint at Further Gains Ahead
US Indices continue to navigate their way positively through banking sector uncertainty with increased liquidity and technicals seemingly providing support. The question remains is this sustainable?
Japanese Yen Weekly Outlook: Dollar Weakness Will Remain Key Driver
The Japanese Yen has benefitted more than most from Dollar weakness as markets reassess Fed Policy
GBP/USD Forecast: Pound Loses Steam While USD Remains on High Alert
GBP/USD is trading at a critical juncture around Fibonacci resistance. As the Fed adopts a more dovish tone, the Pound remains constrained by escalating price pressures.
Australian Dollar Outlook: RBA Pulls up the Anchor
The Australian Dollar consolidated last week as markets took stock of the banking crisis and the Federal Reserve raised rates while the RBA is set to pause. Where to for AUD/USD?
Euro Weekly Forecast: Euro Area Bank Weakness Casts an Ominous Shadow
Deutsche Bank is the latest financial company to be put under the spotlight as the bank’s shares hit a fresh multi-month low.
Crude Oil Prices Get Beaten Down by Sour Sentiment and Rising Supply
Crude oil prices fell to below pre-war levels after fears of a banking crisis and rising inventories resulted in double digit losses for WTI and Brent.
Gold (XAU/USD) Forecast: Gold Gains May Not be Over if Banking Angst Continues, FOMC Ahead
Golds recent gains has come about largely on a return of its haven appeal. A continuation of Fridays drop in banking shares and any further surprises could see the precious metal eye a new all-time high.
Nasdaq 100, Dow Jones, S&P 500 Technical Forecast: Mixed Week Offers Neutral View
There was a disproportionate rise in tech stocks last week as the Nasdaq 100 roared higher but the Dow Jones was left behind. Broadly speaking, the US equities technical outlook is neutral.