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British Pound Price Forecast: Reopening Optimism to Drive GBP/USD Higher


British Pound Price Forecast: Reopening Optimism to Drive GBP/USD Higher
2021-04-27 07:00:00
Daniel Moss,
Analyst
British Pound, GBP/USD, UK Reopening, Coronavirus Infections, Vaccination Rates – Talking Points:
Climbing coronavirus case numbers in several Asian nations weighed on risk appetite during APAC trade.
Reopening optimism may drive the British Pound higher against its major counterparts in the near term.
GBP/USD poised to extend gains as price remains constructively positioned above key support.
Asia-Pacific Recap
Equity markets lost ground during Asia-Pacific trade as climbing coronavirus infections in several Asian nations weighed on risk appetite. Australia’s ASX 200 (-0.22%), Japan’s Nikkei 225 (-0.31%), and China’s CSI 300 (-0.18%) all slid lower, while Hong Kong’s Hang Seng Index (0.12%) traded marginally higher. ....

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British Pound Price Action Set-ups: GBP/USD, GBP/NZD, GBP/JPY, EUR/GBP


British Pound Price Action Set-ups: GBP/USD, GBP/NZD, GBP/JPY, EUR/GBP
2021-04-06 02:00:00
Daniel Moss,
Analyst
British Pound, GBP/USD, GBP/NZD, GBP/JPY, EUR/GBP – Talking Points:
GBP/USD eyeing a retest of the March highs.
RSI development hints at further gains for GBP/JPY.
Bull Flag pattern may lead to impulsive topside move for GBP/NZD.
Temporary relief rally on the table for EUR/GBP?
As mentioned in previous report, the British Pound has accelerated higher against its major counterparts in the first quarter of 2021, as markets priced in a faster-than-expected return to normality on the back of a highly-successfully vaccine distribution program and the diminishing prospect of additional monetary policy easing by the Bank of England. ....

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Crude Oil Hampered by OPEC Demand Outlook, Gold Price Eyeing PPI Data


Crude Oil Hampered by OPEC Demand Outlook, Gold Price Eyeing PPI Data
2021-03-12 06:00:00
Daniel Moss,
Analyst
Gold Prices, Crude Oil, OPEC+, US PPI, Commodities Briefing – Talking Points:
Crude oil prices vulnerable to near-term pullback after OPEC trim demand estimates.
Rebounding yields place downward pressure on gold prices.
Gold could gain on soft US PPI figures .
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Crude oil prices have regained lost ground in recent days, as the gradual increase in road usage suggests that a broad recovery in overall fuel consumption is picking up speed. Apple mobility data shows that the number of people driving in Europe, the UK, and the US, has continued to rise since the start of the year, as the rollout of coronavirus vaccinations and falling rate of infections allows several developed economies to begin returning to a level of normality. ....

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