British Pound Outlook: UK Inflation, Producer Price Data Positive for GBP

The latest UK CPI and PPI figures haven’t changed the outlook for Sterling but are still positive long-term; the Bank of England will have to tighten monetary policy eventually.

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Canadian Dollar Price Forecast: USD/CAD May Gain on Wait-and-See BoC

A wait-and-see approach from the Bank of Canada at its upcoming meeting, in light of an ever-worsening local coronavirus situation, could open the door for USD/CAD to extend recent gains.

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Crude Oil Prices Fall on Rising Stockpiles and Viral Resurgence

An unexpected build in crude inventories sent oil prices lower on Wednesday. Rising coronavirus infections in India, Japan and other parts of the world dampened the outlook for energy demand.

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Gold Prices Extend Higher amid Viral Resurgence, Falling Yields

Gold prices climbed to an 8-week high as viral resurgence in parts of the world dampened growth prospect, sending yields lower. Rising demand for safety boosted the appeal of the precious metal.

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