News & Analysis

GBP/USD tumbles to a 13-month low as government bond yields surge. FTSE rises as the pound plunges.

While I suspect gold is in for another good year, the gains seen so far in January wreak of a false initial move to my eyes. And with NFP potentially knocking out decent figures, I’m on the hunt for a swing high.

EUR/USD snaps the recent series of higher highs and lows as it trades to a fresh weekly low (1.0273).

Despite the recovery shown by the Canadian dollar two sessions ago, the balance has now shifted 0.5% higher in favor of the U.S. dollar, keeping USD/CAD near levels not seen in the past four years.

AUD/USD was just ten pips away from a fresh four year low last week. But sellers held .6300 resistance and the big question is whether they can punch through support.

USD/CHF is poised mark a third weekly advance with price now approaching initial resistance near the 2024 close high. Battle lines drawn on the weekly technical chart.

The US is expected to add 154K jobs in December, while the Unemployment Rate is anticipated to hold steady at 4.2% during the same period.

Cable is pushing down to fresh eight-month-lows today, nearing a major support level, and GBP/JPY is showing a non-completed morning star.

After rising in the first week of this year, oil prices are now showing a few signs of weakness as investors shift their focus towards Trump’s bearish energy agenda