GBP/USD – Technicals fail to provide a directional clue
GBP/USD outlook: Bulls face strong headwinds but remain in play, US inflation data in focus Cable edges lower in early Friday’s trading as bulls continue to face headwinds and repeatedly failing to sustain gains above 1.24 mark, keeping the price action in sideways mode for one week. Strong barrier at 1.2446 (base of falling weekly […]
CAD may not receive much directional bias from next week’s meeting – TDS
Next week, the Bank of Canada will have its monetary policy meeting. Analysts at TD Securities expect a 25 basis points rate hike in line with market consensus. They point out the Canadian Dollar (CAD) may not receive much direction bias from the meeting. Key quotes: “We look for the BoC to hike by 25bp […]
S&P 500 Refuses to Break Directional Impasse, USDJPY and USDCNH Depress Dollar Impact
S&P 500, Earnings, USDJPY, BOJ, USDCNH and GDP Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00 Despite the discomfort behind capital markets around whether the S&P 500 has broken its technical ceiling or not, there was no material traction found Tuesday In the absence of high-profile, macroeconomic US […]