British Pound Weekly Outlook: Distressed GBP on the Backfoot Ahead of Next Week’s Key Data
The longer-term downtrend looks to be resuming for GBP/USD as key UK and U.S. economic data points lie ahead next week.
The longer-term downtrend looks to be resuming for GBP/USD as key UK and U.S. economic data points lie ahead next week.
Any direct connection between gold prices and midterm elections may be spurious, at best.
The U.S. jobs report showed that the economy added 263,000 payrolls in September, versus the 250,000 expected, a sign that the labor market remains resilient and very tight.
WTI rally puts its back on course for a $100 a barrel in Q4. Will Fed rate hikes be able to stem the tide?
A constant stream of hawkish Fed speak is keeping the US dollar within striking distance of a fresh two-decade high. Will it be enough?
EUR/USD has retraced much of its gains earlier in the week with NFP data in focus this afternoon.
USD/JPY trades around 145 this morning attracting further jawboning from PM Kishida and the possibility of another round of FX intervention. Focus turn to NFP
The Australian Dollar looks primed to fall against the US Dollar on technical and fundamental grounds. AUD/USD is in focus as APAC traders eye Australia’s trade data due out today.
Gold’s rally noticeably slowed heading into the US non-farm payrolls report. A lot is hinging on the jobs report, namely its impact on the Federal Reserve. Expect heightened volatility risk.
Stocks put in a strong rally to start Q3 and already in Q4, many are asking if rates have topped and stocks have bottomed even as inflation remains brisk and above-target.