Blog
Pairs in Focus
This Week – S&P
500, Oil, AUD/USD,
BTC/USD, Gold,
NASDAQ 100,
GBP/USD, EUR/USD
The S&P 500 has rallied yet again during the last week of the year, but quite frankly we are struggling at what was the previous high. At this point, I think we do get a little bit of a pullback, but we will likely see buyers underneath, especially near the 4700 level. Breaking down below level then opens up a move down to the 4500 level, but I don’t know if we correct that deeply. Regardless, this is a scenario that is a bit overdone, and therefore a pullback is probably necessary. chart WTI Crude Oil The West Texas Intermediate Crude Oil market initially tried to rally during the week but found the area ... (full story) . .
Pound-to-Euro
Forecast For New
500, Oil, AUD/USD,
Week/Year: Where,
Next For GBP/EUR
Exchange Rate
Buyers?
The Pound Euro (GBP/EUR) exchange rate fell through last week’s session despite intermittent resilience in Pound (GBP) exchange rates. A lack of domestic data left the British currency exposed to losses while the Euro (EUR) enjoyed tailwinds amid bullish speculation regarding the European Central Bank (ECB)’s monetary policy stance. At the time of writing, GBP/EUR is trading at €1.1499, having fallen by approximately 0.4% over the week. Pound (GBP) Exchange Rates Dented as House Prices Fall The Pound traded in a mixed range against the Euro through the majority of last week’s trading session, as traders ... (full story
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