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
The S&P 500 and Dow Jones could be at risk of a short-term pullback despite a relatively positive earnings season, accommodative monetary policy settings and the prospect of additional fiscal stimu.
Canadian Dollar Forecast: Declining Infections, Oil Prices to Buoy CAD 2021-02-11 07:30:00 Daniel Moss, Analyst
Canadian Dollar, CAD/JPY, USD/CAD, Crude Oil, Coronavirus Infections – Talking Points:
The US Dollar continued to lose ground during APAC trade after last night’s underwhelming CPI figures.
Falling Covid-19 cases and resilient oil prices may underpin the Canadian Dollar.
CAD/JPY poised to extend recent gains while USD/CAD is eyeing a push to retest the yearly low. Advertisement
Asia-Pacific Recap
Equity markets broadly gained during Asia-Pacific trade as market participants continued to anticipate the provision of additional fiscal aid out of the US. S&P 500 futures climbed 0.135%, Dow Jones futures rose 0.2% and Nasdaq futures nudged 0.1% higher. At the same time, Japan’s Nikkei 225 slipped 0.4% lower, alongside Australia’s ASX 200.
Australian Dollar Price Forecast: AUD/USD, AUD/JPY, AUD/CHF 2021-02-10 03:00:00 Daniel Moss, Analyst
Australian Dollar, AUD/USD, AUD/JPY, AUD/CHF, IGCS – Talking Points:
AUD/USD eyeing a retest of its yearly high as price challenges key resistance.
AUD/JPY gearing up for further gains, with price consolidating above former resistance-turned-support.
An Ascending Channel formation may continue to guide AUD/CHF higher. Advertisement
The cyclically-sensitive Australian Dollar looks set to continue gaining ground against its haven-associated counterparts, as bullish technical setups take shape across several AUD crosses. Here are the key levels to watch for AUD/USD, AUD/JPY and AUD/CHF.