News | Forex Optimum



EUR/GBP: Scope for a recovery to 0.8793/0.8809 - Credit Suisse

FXStreet notes that EUR/GBP has reversed sharply higher from a cluster of Fibonacci supports at 0.8543/20 and analysts at Credit Suisse see scope for a deeper recovery to 0.8793/0.8809, but with a fresh cap expected here. 

“Immediate resistance is seen at 0.8756 and then the 38.2% retracement of the fall from December and early February highs at 0.8793/0.8809. Our bias is for this latter resistance to then ideally cap for an eventual resumption of the bear trend. Above 0.8809 though can see strength extend further to 0.8841.” 

“Support moves to 0.8685/75 initially, below which can see a fall back to 0.8627/17."

You may also be interested:

13:38 21.04.2021
UK inflation bounces back, charting a course to 2% - ING
James Smith, a Developed Markets economist at ING, believes that the UK inflation is set to rise above 2% this year but is more likely to drift lower in 2022, suggesting the pressure on the Bank of England (BoE) to tighten policy again will be fairly modest."UK inflation bounced back to 0.7% in March, after a series of quirks caused an outsized slowdown in headline CPI to 0.4% in February.""More importantly, though, this is really the last reading where we are comparing current prices to pre
13:16 21.04.2021
Gold price to climb towards the $1857/83 area - Credit Suisse
FXStreet notes that gold has set a base above $1755/65 after retesting long-term support at $1682/71. Strategists at Credit Suisse expect XAU/USD to rise towards the $1835 mark.“Gold has retested and again held key support at $1682/71 - the 38.2% retracement of the entire 2015/2020 bull market and the recent and June 2020 lows - and the subsequent break above $1755/65 has seen a near-term ‘double bottom’ base established.”“We look for a recovery back to $1835, potentially the 200-day average and
12:58 21.04.2021
U.S. inflation could hit 3% or 4% by the middle of 2022 - strategist
CNBC reports that there is a growing body of strategists that believe investors are underestimating the outlook for consumer prices.David Roche, president of investment firm Independent Strategy, told that he believed the U.S. inflation rate, which stood at 2.6% in March from a year ago, could rise much further.“My own view is that we will see inflation of probably 3 or 4% by the middle of next year and that is completely inconsistent with, say, U.S. 10-year bond yields being at 1.6%. That yield
Bonuses VIP