GBP Fundamental Forecast: Sterling May be due a Breather but Remains Bullish
The Pound Sterling continues its stellar performance and while it may be due a pullback, the outlook remains bullish
The Pound Sterling continues its stellar performance and while it may be due a pullback, the outlook remains bullish
This morning brought the release of Non-Farm Payrolls for the month of December, with a headline print of 199k v/s the expectation of +400k.
Eurozone inflation surges onwards, pressurizing policy makers. Euro may be in for a reprieve as USD lacks direction
The Rand kicked off 2022 with gusto but a positive dollar outlook could weigh heavily on the EM currency. USD/ZAR trades below 16.00 with fundamentals backing further upside.
Canadian data in focus on heightened CAD sensitivity. Risks titled to the downside
One of last year’s WallStreetBets favorite, US video games retailer GameStop is plunging into the world of NFTs, according to media reports.
Geopolitical risks in Asia, Europe and North America will likely amplify market volatility stirred by the prospect of higher interest rates and the lingering effects of COVID-19.
The Aussie continues to trend with a full head of steam: AUD/USD is approaching a big spot of resistance and bulls may see favor here, but AUD/JPY may be more attractive on the long side.
The Canadian Dollar soared alongside crude oil prices on Thursday. USD/CAD and WTI are turning their attention to US non-farm payrolls and Canadian jobs data next.