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Euro Price Outlook: EUR/USD at Risk as US Treasury Yields Aim Higher
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GBP/USD Technical Outlook - Support Under Pressure as US Dollar Firms
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British Pound (GBP) Fundamentals Remain Positive Despite Sterling Drifting Lower of clients are net short. Long News 2021-04-09 16:00:00 Nick Cawley, Strategist
British Pound (GBP) Price Outlook – Neutral/Positive
Vaccination boost may have run its course.
GBP/USD needs to respect support if it is to turn higher.
Sterling has been falling over the last six weeks against a range of currencies on little news, indicating that a lot of GBP-pairs had run too far ahead of themselves, primarily on the vaccination story. While the program slowed over the recent Easter weekend, just over 31.8 million people have had one jab, while nearly 6.1 million people have had two doses of vaccine. The UK government promised that it would offer a first dose of the vaccine to all 32 million people in the
Gold Price Outlook: Edging Higher as USD Falls, Traders Eye Powell Speech
GOLD PRICE OUTLOOK:
Gold prices coiled up slightly as the US Dollar erased gains, Treasury yields fell during APAC hours
Traders await Jerome Powell’s speech at an IMF seminar for his take on global growth
The world’s largest gold ETF suffered outflow, with holdings falling to the lowest since May 2020
Gold prices erased early losses and traded modestly higher during Thursday’s APAC midday session after falling 0.41% a day ago. Selling pressure on the precious metal alleviated as the DXY US Dollar index eased gains and the 10-year Treasury yield fell despite improved risk appetite.
Oil Price Outlook: Supply Concerns Added to Demand Slump, WTI Vulnerable Below $60
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