It's been a big week for the British Pound, with GBP/USD breaking out of a bull flag formation. But does GBP/USD or GBP/JPY hold greater potential for continuation themes?
US Dollar Price Forecast: Sell-in May Dynamic Could Drive DXY Higher
2021-05-03 07:00:00
Daniel Moss,
Analyst
US Dollar, DXY, Non-Farm Payrolls, ISM PMIs, Sell-In May – Talking Points:
The haven-associated US Dollar may continue to gain ground on seasonal dynamics and robust economic data.
Bullish Falling Wedge break hints at further gains for the US Dollar Index (DXY).
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Asia-Pacific Recap
Equity markets slipped lower during Asia-Pacific trade, as inflation concerns and geopolitical tensions weighed on market sentiment. Australia’s ASX 200 held relatively steady on the day despite news that the nation is reviewing Chinese ownership of a major port in the Northern Territory. Japan’s Nikkei 225 (-0.83%), Hong Kong’s Hang Seng Index (-1.51%), and China’s CSI 300 (-0.79%) all lost ground.