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FTSE and crude oil analysis: Will rebound in oil finally lift UK index?
Can rebounding oil prices fuel rally in energy stocks like BP and Shell? FTSE technical analysis hints at potential recovery for UK index. Meanwhile, Brent crude oil rises above 200-day average ahead of OPEC meeting.
Gold analysis: Precious metals, stocks climb as yields and dollar drop
Gold was up nearly 1.3% by late afternoon trading in London, near $2040 while silver was closing in on the $25.00 level. The precious metals have been supported by two factors: Bond yields and US dollar, both falling.
EUR/USD analysis: Technical Tuesday – Nov 28, 2023
Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will analyse the EUR/USD pair.
Crude oil analysis: WTI off lows as focus turns to OPEC+ meeting
Crude oil analysis: Investors await OPEC+ meeting on Nov 30. We expect rollover of Saudi and Russia cuts, which could help to support prices. WTI needs an interim higher high above $77.60-$78.50 to signal trend reversal after intense selling over the past several weeks.
EUR/USD outlook: Currency Pair of the Week – Nov 27, 2023
EUR/USD outlook supported by weakening US dollar, which will be put under the spotlight by GDP and core PCE inflation data this week. Weaker Eurozone inflation data could paradoxically lift EUR/USD to 1.10 as technical analysis shows path of least resistance remains to the upside.
GBP/USD outlook: Cable climbs to 1.26 handle
GBP/USD outlook: Next week US data will include GDP and PCE inflation, as pound finds support with UK services returning to growth. GBP/USD technical analysis point higher.
FTSE analysis: Time for UK to join global rally?
The ongoing stock market rally continues. With the US Thanksgiving holiday keeping trading on the quieter side today, the European markets edged higher. The DAX has now completely made back the entire losses it suffered between September and October. Other mainland European indices have similarly made strong gains, along with Wall Street. But frustratingly for the UK market, the FTSE has not shown much desire to go higher.
US dollar analysis: EUR/USD, NZD/USD - Forex Friday
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week's edition, we will discuss the US dollar, EUR/USD and NZD/USD ahead of next week's key macro events.
GBP/USD analysis: Cable rebounds on strong PMI data
The UK services was back in growth territory to appease the GBP traders and there was no Turkey for US dollar bulls, with the Greenback fading after Wednesday’s recovery. GBP/USD technical analysis suggests path of least resistance remains to the upside.
Crude oil, GBP/USD analysis: OPEC delays meeting as US data lifts dollar
What does the OPEC+ delaying meeting means for oil prices? And GBP/USD is in focus as pound drops after autumn statement. But was that because of the overall recovery in US dollar, following the release of mostly stronger data?