GBP Price Forecast: Pound Gears Up for FOMC as Markets Process UK Borrowing
Pound prices stay elevated after UK public sector borrowing beat expectations but highlighted the persistent debt crisis. FOMC minutes next up for GBP/USD.
Pound prices stay elevated after UK public sector borrowing beat expectations but highlighted the persistent debt crisis. FOMC minutes next up for GBP/USD.
Bitcoin faces a key test as ETF decision is delayed once more. Can the bullish momentum continue or is a deeper retracement toward the $35k mark growing more likely?
Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall sentiment may prove to strong.
Gold rallied last week to close in the black but takes a breather at the start of a slower week. FOMC minutes and reports of a new phase of the war offer potential catalysts
EUR prices may be reaching their limit as the eurozone continues to show signs of weak economic growth. EUR/USD currently holding above 1.09.
The US dollar is testing lows last seen at the start of September and that is giving cable another boost.
Outlook on FTSE 100, DAX 40 and Nasdaq 100 as earnings season draws to a close.
AUD prices are up almost 0.70% against the USD after China kept LPR on hold alongside a weaker greenback.
Few high-impact events are expected in the coming days, with a shorter trading week in the U.S. due to the Thanksgiving holiday. This could lead to some consolidation of the most recent market moves.
USD/JPY continues to hover around the 150 mark ahead of Japanese CPI next week.