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GBP: Sterling’s Rally May Have More Room – All Things Being Equal

GBP: Sterling’s Rally May Have More Room – All Things Being Equal

by  Nick Cawley ,  Analyst   Fundamental Forecast for GBP: Neutral STERLING (GBP) TALKING POINTS: Positive Brexit ‘talk’ boosts Sterling sentiment. Provisional Q3 GDP data may underpin GDP. We remain neutral on Sterling going into next week but acknowledge that GBP may push higher if the current, mildly positive Brexit background remains in place.The oversold nature of GBP meant that a couple […]
Gold Threatens More Bull Pressure Towards 1,243.00 Zone

Gold Threatens More Bull Pressure Towards 1,243.00 Zone

Gold threatens more bull pressure as it looks to re-target the 1,243.41 resistance zone. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here, if […]
Weekly Economic And Political Timeline – Sunday, Nov. 4

Weekly Economic And Political Timeline – Sunday, Nov. 4

This week is likely to see a similar level of activity to last week, with central bank input due for the U.S., Australian, and New Zealand Dollars. There will also be key data regarding the British Pound. The market is likely to be most active on Thursday and Friday. U.S. Dollar It will be an important week for […]
AUD/USD Forecast November 5-9 – Surging From The Abyss But Doubts Remain Prevalent

AUD/USD Forecast November 5-9 – Surging From The Abyss But Doubts Remain Prevalent

The Australian dollar enjoyed a comeback week alongside stocks. Hopes for a deal between the US and China certainly helped. What’s next? The RBA stands out in the upcoming week. Here are the highlights of the week and an updated technical analysis for AUD/USD. Global stocks made a comeback and the risk-on atmosphere triggered demand for the Aussie. […]
Gold Completes Another Nowhere Week

Gold Completes Another Nowhere Week

Gold’s last three weekly settles have respectively been: 1230, 1236, and now Friday at 1235. Moreover, Gold has settled in the 1230’s for eight of the last 11 trading days. “BUT“… Come Tuesday’s stateside election results during which the late-night financial world shall be fixated upon Gold and the S&P futures wildly reacting into Wednesday’s […]
USD/JPY Weekly Analysis – Sunday, Nov. 3

USD/JPY Weekly Analysis – Sunday, Nov. 3

USD/JPY failed to break below the bottom support trend line of the price channel on the daily chart, suggesting that the pair remains in the uptrend from 104.63 and another rise towards 115.50 resistance would likely be seen. Only a breakdown below the channel support would confirm that the upside movement had completed at 114.54 […]
Euro Forecast: Quiet Calendar Means It’s Italy Or Bust In Week Ahead

Euro Forecast: Quiet Calendar Means It’s Italy Or Bust In Week Ahead

  Fundamental Forecast for EUR/USD: Neutral The Euro continued its streak of weakness, losing ground to five of the other seven major currencies as the calendar turned from October to November. There are no ‘high’ rated German or Eurozone data releases in the coming week, meaning the only potential domestic catalyst in the days ahead is progress around Italy’s budget (more attention […]
Exact Sciences: Poised For Further Growth

Exact Sciences: Poised For Further Growth

Exact Sciences Corporation (EXAS – Research Report) is a groundbreaking med tech company focused on developing screening tests for early stage cancer. This results in earlier detection and better treatment outcomes for patients. Established back in 1995, EXAS received FDA approval for its first product, the at-home colorectal cancer screening test Cologuard back in 2014. All good, […]
Take A Closer Look At Labor Force Participation. Is It Really As Good As It Looks?

Take A Closer Look At Labor Force Participation. Is It Really As Good As It Looks?

The headline take-away from the October employment report was the robust gain of 250,000 payroll jobs. The unemployment rate edged up fractionally from 3.68 in September to 3.74 in October, but commentators dismissed that as insignificant. Instead, they pointed out that the unemployment rate failed to fall because of a flood of new workers into the labor […]
Not How Bear Markets Start

Not How Bear Markets Start