Japanese Yen Traders Square Up Against MoF and BoJ as USD/JPY Targets 150

The Japanese Yen approaches a critical level against the US Dollar at the 150 mark, setting up another fight against Yen shorts and Japan’s policymakers. Chinese interest rates are also in focus for APAC traders.

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Gold Price to Fall Towards April 2020 Low on Failure to Defend Yearly Low

The price of gold may fall towards the April 2020 low ($1568) if it fails to hold above the yearly low ($1615).

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Tesla Dips on Mixed Earnings Report, S&P 500 and Nasdaq 100 on Weak Footing

Tesla reported mixed third-quarter results, topping EPS expectations but missing on revenue and margin estimates, sending the company’s stocks lower in extended trading.

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EUR/USD Outlook Remains Bearish Ahead of the October ECB Meeting

Despite recent gains in the EUR/USD, the medium-term outlook for the currency pair remains gloomy amid global recession fears

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Huge S&P 500 Gap Higher and Earnings Glow Hide Growing Financial Threats

While the US indices wouldn’t hold build upon the gains, the S&P 500 and crew nevertheless opened this past session to a serious 1.9 percent gap higher – making for a second massive bullish jump. The market’s charge is bolstering questionable justification; but in the background, financial warnings keep going off.

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Oil Prices Eye EIA Inventory Data as Biden Administration Considers Extreme Actions

WTI crude and brent crude oil prices are slightly higher after news of an additional US SPR release sent prices sharply lower on Tuesday. The Biden administration is considering additional measures to cool prices.

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Japanese Yen Marches Lower vs. US Dollar, Less So Against Chinese Yuan and Crude Oil

The Japanese Yen continues to lose ground against the US Dollar, but less so against the Chinese Yuan and crude oil. Will that allow for a higher USD/JPY than the market thinks?

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EUR/USD Rate Rebounds Ahead of Yearly Low to Approach 50-Day SMA

EUR/USD appears to be on track to test the 50-Day SMA (0.9924) as it reverses course ahead of the yearly low (0.9536).

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Asia-Pacific Markets Look Higher After Dow Jones Gains as Chinese Yuan Underperforms

The Chinese Yuan weakened against the US Dollar despite a pullback in the DXY Index. Asia-Pacific markets look primed to gain after the second day of Wall Street gains amid a sparse economic docket.

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AUD/USD Rebound Pulls RSI Out of Oversold Zone Ahead of Australia Employment

Fresh data prints coming out of Australia may prop up AUD/USD as employment is expected to increase for the second consecutive month.

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Netflix Pops on Earnings Beat, Tesla’s Results Next. What Now for the S&P 500?

Netflix reported better-than-expected bottom-line results, sending the company's stock higher in the extended session. Tesla’s earnings eyed on Wednesday for clues about the S&P 500 next moves.

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FX Week Ahead - Top 5 Events: Chinese National Congress; Canada, Eurozone, New Zealand, UK Inflation Rates

Inflation data is squarely in focus in the coming days.

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Fedspeak Schedule for the Week Ahead

FOMC speakers are back as markets yearn for information following last week’s hot CPI print.

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Dax 40 Outlook: USD Weakness, Lower Yields Drive Stocks Higher

Stock futures have continued to trade higher as USD weakness and lower yields boost demand for risk assets. With earnings season underway, can Dax hold gains?

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Crude Oil Forecast: Brent Softened by Global Slowdown & Chinese Policies

Brent crude oil prices are indicative of an uncertain market due to conflicting supply and demand factors as we look to close out 2022.

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Gold Outlook: XAU/USD Rallies with Fundamental Factors Likely to Cap Gains

The precious metal began the week on the front foot buoyed by a weaker dollar. The rally looks vulnerable below $1670.

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USD/JPY Soars after G7 Nations Sidestep Coordinated FX Intervention

USD/JPY remains elevated after Friday’s advance as G7 nations remain attentive to spillover effects of the dollar but are yet to consider coordinated intervention

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British Pound Respite as US Dollar Weakens and a Possible Policy Backflip

The British Pound found something of a pardon to start the week with market hopes of change in tack from the new Chancellor and a moderating US Dollar. Where to for GBP/USD?

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Japanese Yen on the Ropes Against US Dollar as Intervention Lurks. Where to for USD/JPY?

The Japanese Yen continues to lose ground against the US Dollar to start the week as the market contemplates Japanese officials’ comments amid a hawkish Fed. Higher USD/JPY?

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Australian Dollar at Risk as New Week Begins, Eyes on USD/JPY and Intervention Threat

The Australian Dollar may weaken as the new trading week begins after Wall Street’s plunge on Friday. With USD/JPY at a 32-year high, will Japan soon intervene again?

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