GBP/USD eyeing a test of the 1.3900 mark. GBP/JPY poised to extend climb as the RSI surges into overbought territory. EUR/GBP faced with further losses after breaching key support. GBP/NZD looking to retest the sentiment-defining 200-MA. Advertisement
The neutral stance of the Bank of England, falling coronavirus cases and a rapid increase in the rate of local vaccinations may open the door for the British Pound to continue gaining ground against its major counterparts in the short term. Here are the key levels to watch for GBP/USD , GBP/JPY , EUR /GBP and GBP/NZD rates. GBP/USD Daily Chart Keying in on 1.3900 Mark
Canadian Dollar Outlook: Inflation Data to Dictate USD/CAD, CAD/JPY 2021-02-17 07:30:00 Daniel Moss, Analyst
Canadian Dollar, Crude Oil, Inflation, USD/CAD, CAD/JPY – Talking Points:
Equity markets slid lower during APAC trade as investors mulled the impact of the recent climb in bond yields.
Inflation figures for January may dictate the near-term trajectory of the Canadian Dollar.
USD/CAD attempting to rebound from key support.
CAD/JPY’s extended uptrend at risk of a short-term pullback. Advertisement
Asia-Pacific Recap
Equity markets slipped lower during Asia-Pacific trade as investors mulled the impact of climbing bond yields on asset prices. Australia’s ASX 200 dropped 0.46% and Japan’s Nikkei 225 slipped 0.58%. Hong Kong’s Hang Seng Index extended its 5-day rally, surging 1.13%.
Bitcoin (BTC) Outlook: BTC/USD Challenging $50,000, Where to Next? menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
US Dollar Price Action Setups: AUD/USD, DXY, NZD/USD, USD/CAD
2021-02-16 03:00:00
Daniel Moss,
Analyst
US Dollar, DXY, AUD/USD, NZD/USD, USD/CAD – Talking Points:
Time-cycle analysis suggests the US Dollar is poised to significantly underperform its major counterparts in the medium to long term.
Golden cross moving average formations hint at extended gains for AUD/USD, NZD/USD.
USD/CAD poised to sink even lower as price continues to track within a Descending Channel.
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As mentioned in previous report, the haven-associated US Dollar may continue to lose ground against its major counterparts, as long-term price analysis suggests a cyclical downturn is in the offing.