GBP/USD is modestly lower on the session. Economists at Scotiabank analyze the pair’s outlook.
Blogs
Euro fluctuates in a light trading session with the US Dollar picking up
The Euro (EUR) has opened the week on a moderately positive tone, with a mild appetite for risk prevailing in the European session.
USD/JPY regains upside momentum and approaches the 146.00 level
The Greenback's recovery accelerates as market sentiment fades.
EUR/USD: A push back to the 1.07/1.08 range remains a risk in the coming weeks – Scotiabank
Economists at Scotiabank analyze EUR/USD outlook as the pair holds range.
US Dollar sideways with technical pressure for more downside still present
The US Dollar (USD) is still stuck in a range while markets are puzzling to see where to go next. Several moving parts are in the mix with US economic data starting to show a very mixed picture with several data points in contraction while the
Oil starts week with small correction while geopolitical tensions remain on high alert
Oil prices are retreating further despite several geopolitical, with traders choosing to ignore them because of no repercussions for the oil supply at the moment. The main risk event is a possible retaliation or action from China against the election
Gold price remains upbeat, supported by macroeconomic and geopolitical tailwinds
Gold price (XAU/USD) continues to enjoy decent demand on Monday’s European session amid multiple tailwinds.
Gold Price Forecast: XAU/USD to confirm clear breakout from multi-year range on a move above $2,088 – SocGen
Economists at Société Générale analyze Gold (XAU/USD) technical outlook.
EUR/CHF to enjoy a mild rise in the coming months – Erste Group
Economists at Erste Group Research are forecasting a strengthening of the Euro (EUR) against the Swiss Franc (CHF).
GBP/JPY recovery stalls below 185.55 as risk appetite fades
The Sterling stalls below 185.50 with the upside trend intact.