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
2020 has proved that the market can crash without warning. Whether the market falls or not, some stocks always remain interesting for investors.
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.
According to Credit Agricole SA, the British pound is going to plummet to 1.20 in case of the impasse over the Brexit deal.
The poor Canadian data in combination with the positive US report should push USD/CAD to the upside. Jump in for technical analysis!
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.
According to economists from Danske Bank, the euro is still overvalued. They see the fair price at 1.16. Let’s see why.
Watch out GBP/USD at 17:00 MT time as both the BoE speech and US PMI will be out.
Oil prices are steadily growing as crude stockpiles have been declining for six weeks.
GBP/USD is climbing upward. The break out above 1.3500 will drive the pair to multi-year highs.
The Chinese yuan gained after the better-than-expected manufacturing data. Let's have a closer look.
The yellow metal has loosened its’ previous steam, but some analysts believe it may rally again. What may underpin gold?