British Pound (GBP) Price Outlook: GBP/USD Strong, Breaks Above Resistance

Sterling is firm all round Thursday, with GBP/USD breaking above another important resistance level, and the pair now seems on course to hit 1.40 in due course.

from DailyFX – Market News https://bit.ly/377wCAW
via IFTTT

US Dollar Trend Still Points Higher After FOMC, Q2 GDP Eyed

The US Dollar was knocked back by July’s FOMC policy announcement but a close look at officials’ guidance hints the uptrend remains intact. Second-quarter GDP data is in focus next.

from DailyFX – Market News https://bit.ly/3l7ptc1
via IFTTT

Nasdaq 100 May Outperform the Dow Jones as Treasury Yield Curve Flattens: Q3 Top Trading Opportunities

A hawkish shift in the Fed’s monetary policy stance may mark another period of outperformance in the Nasdaq 100 index versus the Dow Jones Industrial Average.

from DailyFX – Market News https://bit.ly/2ULhkyS
via IFTTT

from WordPress https://bit.ly/3llXaa7
via IFTTT

from Blogger https://bit.ly/3iasxCj
via IFTTT

Yen Q3 Fundamental Forecast: Road Ahead Remains Tough

The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.

from DailyFX – Market News https://bit.ly/3xhL9FD
via IFTTT

from WordPress https://bit.ly/3zJ4sIP
via IFTTT

from Blogger https://bit.ly/3j3DftF
via IFTTT

Crude Oil Outlook: WTI Jumps After Oil and Gas Inventory Drop Saps Covid Fears

Crude oil prices shifted higher after the EIA weekly report showed a bigger than expected drop in oil and gasoline stockpiles, eroding Covid demand-side fears.

from DailyFX – Market News https://bit.ly/3iTP6dE
via IFTTT

from WordPress https://bit.ly/3xchJHW
via IFTTT

from Blogger https://bit.ly/3iZADgj
via IFTTT

from WordPress https://bit.ly/3zPtYMi
via IFTTT

from Blogger https://bit.ly/2USCpbe
via IFTTT