British Pound Forecast – GBP/USD Battling Back After a Week of Heavy Losses
GBP/USD fell by over 3 big figures on the week as a hawkish Fed and growth warnings from the BoE left cable struggling to find support.
GBP/USD fell by over 3 big figures on the week as a hawkish Fed and growth warnings from the BoE left cable struggling to find support.
Gold prices are moderating in Asia-Pacific hours as markets weigh the FOMC decision. The US jobs report on Friday may offer gold its next directional cue.
The U.S. economy added 261,000 jobs in October, topping expectations calling for a gain of 200,000 payrolls, a sign that the labor market remains extraordinarily resilient.
Find out the essentials of trading the news with this introductory guide to forex news trading
Further signs of weakness in the Eurozone’s largest economy and a robust US dollar leave EUR/USD looking at further weakness ahead of US NFPs.
Spot gold failed to print a new YTD low. Have we seen the bottom already or will the NFP release push the precious metal to a new low?
Brent crude oil keenly awaits NFP data later today after taking advantage of a softer USD.
Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.
Gold prices may fall if US non-farm payrolls data surprises higher, boosting the US Dollar. Retail traders boosted XAU/USD long bets, further adding to a pessimistic outlook.
The Chinese Yuan is trading at its lowest level since January 2008 after the FOMC rate decision boosted the US Dollar. USD/CNH is breaking higher in early Asia-Pacific trading. Will the PBOC respond?