Cable faced selling pressure today thanks to a revival in the US Dollars haven appeal. Looking ahead and developments around the US Dollar is likely to be the major driving force of GBPUSD for the rest of the week.

In this article, we analyze the technical outlook for USD/JPY and AUD/USD, taking into account market sentiment and price action dynamics. We also examine key levels that may act as support or resistance later this week.

Oil prices continued to slide for the majority of the Asian and European sessions before finding support at recent lows. Geopolitical risks and technicals hint at recovery in price.

The Euro has encountered great difficulty as the currency surrenders ground against a number of G7 currencies as the economic outlook worsens, expected rate cuts accumulate

USD/CAD prices are cautious ahead of US and Canadian economic data with the US dollar possibly looking to make a comeback.

​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of this week’s US unemployment data.

Bitcoin and Ethereum have broken through prior areas of resistance and are back at levels last seen 18 months ago.

Gold prices almost hit the $2150 level as safe haven demand from increasing tensions in the Middle East. XAU/USD now looks to be in for a breakdown lower.