Apr 16, 2021 17:23 GMTOpinions
GBP/USD has managed to edge higher amid the UK reopening and dollar weakness.
UK jobs, inflation and other figures are set to rock the pound.
Mid-April’s daily chart is painting a mixed technical picture for the currency pair.
The FX Poll is pointing to a bearish move in the short term and a bullish turn afterward.
Brits are back to the pubs after 97 dry days, and this great British reopening has been one of cable’s boosters, alongside inflation-related dollar weakness. Apart from covid news, GBP/USD is set to rock in response to a series of top-tier UK data points.
Following
EUR/USD Forecast: Next stop, 1.20? Overbought conditions and a vaccine scare may cause a pauseANALYSIS |
4/14/2021 7:22:48 AM GMT
EUR/USD has been riding higher after US inflation fell short of investors fears.
The halting of J&J s vaccine distribution may delay Europe s exit from the covid crisis.
Wednesday s four-hour chart is showing overbought conditions.
No stopping the printing press – fears that the Federal Reserve would taper its bond-buying scheme have proved premature after Tuesday s developments and the dollar is under growing pressure.
First, highly anticipated inflation figures for March bumped higher, but not as much as the hype had suggested. The Core Consumer Price Index hit an annual level of 1.6% – as estimated and below the Fed s 2% target. Moreover, most of the increase in headline CPI came from energy prices which may stabilize in the next few months.
Apr 14, 2021 09:27 GMTForex News
EUR/USD has been riding higher after US inflation fell short of investors’ fears.
The halting of J&J’s vaccine distribution may delay Europe’s exit from the covid crisis.
Wednesday’s four-hour chart is showing overbought conditions.
No stopping the printing press – fears that the Federal Reserve would taper its bond-buying scheme have proved premature after Tuesday’s developments and the dollar is under growing pressure.
First, highly anticipated inflation figures for March bumped higher, but not as much as the hype had suggested. The Core Consumer Price Index hit an annual level of 1.6% – as estimated and below the Fed’s 2% target. Moreover, most of the increase in headline CPI came from energy prices which may stabilize in the next few months.
Forex Today: Markets cheer tame inflation, shrug off vaccine setbacks as cryptos soar, Powell awaitedNEWS |
4/14/2021 6:38:37 AM GMT | By Yohay Elam
Here is what you need to know on Wednesday, April 14:
Markets remain upbeat amid relatively tame inflation and despite a pause of J&J s vaccines. The ECB s Lagarde, the Fed s Powell, and other central bankers are eyed. Cryptocurrencies are surging to new highs.
Several US stock indexes have
hit new record highs and they are pulling Asian and European markets higher as well. US inflation advanced in March but fell short of what some had feared, with the
Core Consumer Price Index hitting 1.6% yearly, allowing for an upswing.