JPMorgan advises to buy CAD against the GBP
GBP/CAD keeps falling to the downside amid fears over the no-Brexit deal. According to JPMorgan, the pair will continue dipping throughout the whole of September.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Information is not investment advice
Gold: long-term bullish forecast
Such credible banks as Bank of America and Citigroup made extremely bullish forecasts from $3 000 to $5 000. It’s hard to imagine right now, but let’s discuss why it may become true.
Pound dips down after no-Brexit deal
According to Credit Agricole SA, the British pound is going to plummet to 1.20 in case of the impasse over the Brexit deal.
Fundamentals drive USD/CAD upper
The poor Canadian data in combination with the positive US report should push USD/CAD to the upside. Jump in for technical analysis!
Bearish long-term forecasts for USD
Some analysts believe that there is more room for the US dollar to fall further. According to AG Bisset Associates, the USD will plummet by 36% against the euro. It’s hard to believe right now amid the stronger greenback, but let’s discuss why it’s possible.
Euro’s forecast from Danske Bank
According to economists from Danske Bank, the euro is still overvalued. They see the fair price at 1.16. Let’s see why.
Oil prices climb up
Oil prices are steadily growing as crude stockpiles have been declining for six weeks.
British pound is on rise
GBP/USD is climbing upward. The break out above 1.3500 will drive the pair to multi-year highs.
USD/CNH is dipping down for six weeks
The Chinese yuan gained after the better-than-expected manufacturing data. Let's have a closer look.
Gold: two steps forward, one step back
The yellow metal has loosened its’ previous steam, but some analysts believe it may rally again. What may underpin gold?
Euro bulls are back
EUR/USD is climbing up. The move above 1.1950 will drive it to 1.2000. Let’s find out the main reasons why it may happen.
NZD keeps rallying for the fourth day
NZD/USD has broken the marked downtrend that has been lasting for a month. Recently, it reached levels unseen since December 2019. What are the reasons?