Friday, 23 December 2022

WTI Oil Eyeing Further Gains Following Yesterday’s Pause

WTI printed a 3-week high yesterday before being weighed down by changing sentiment and a stronger US dollar. Further gains or consolidation ahead for WTI Crude?

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Taking Your Trading International: Risks and Rewards

Resurgent inflation and a rethink of globalization will bring both challenges and opportunities for traders looking across borders for opportunities.

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Thursday, 22 December 2022

Japanese Yen Slips on CPI Data but Bigger Storms Might be Brewing. Where to for USD/JPY?

The Japanese Yen is once again coming under scrutiny today after inflation data reveals the rationale for the Bank of Japan tilting toward a more hawkish stance earlier this week.

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Gold Price, Dow Jones, US Dollar in Focus after Supportive US GDP Revisions

Gold prices and the Dow Jones sank as the US Dollar rallied. Supportive US GDP revisions bolstered hawkish Fed policy bets. Markets are vulnerable to thin trading conditions.

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Will EURUSD Earn a Break with NZDUSD Sliding and S&P 500 Swinging?

We have seen some remarkable volatility from the markets heading into a known liquidity drain with the holiday weekend dead ahead. The volatility and breaks that we have seen from the likes of the S&P 500 and NZDUSD will likely struggle for follow through, but can EURUSD at least join in on the aimless tumult?

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Stocks Slide into Support, PCE, Consumer Sentiment on Deck

A strong final reading of Q3 GDP gave bears some room to work today, but the S&P and the Dow put in strong bounces from key supports.

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GBP/USD Edges Higher Despite UK GDP Shrinking More than Expected in Q3

UK GDP Shrank more than expected in Q3 as recession fears received further validation. GBP/USD flirts with the 200-day MA, Break or Bounce…?

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Wednesday, 21 December 2022

US Dollar Slides As Markets Take Stock Ahead of Holidays. Where to for USD?

The US Dollar is weaker today as markets appear to be putting the cue back in the rack ahead of the holidays next week. Will thin trading conditions undermine the DXY (USD) Index?

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Japanese Yen Recoils Amid Recalibration After BoJ Shock. Will USD/JPY Go Lower?

The Japanese Yen appears perplexed against the US Dollar as markets try to decipher the implications of the Bank of Japan’s shift in yield curve control. Where to for USD/JPY?

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Australian Dollar, S&P 500 Gain as Nike Earnings, Consumer Confidence Boost Markets

The sentiment-linked Australian Dollar climbed alongside the S&P 500 as an improvement in risk appetite boosted markets, driven by rosy Nike earnings and US consumer confidence data.

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VIX Collapse Lifts the Equities, EURUSD Extreme Range with Limited Time

We are feeling the effects of holiday liquidity expectations. While enthusiasts may consider the S&P 500’s rebound this past session a mark of conviction, it likely has more to do with the receding tide from the VIX. Meanwhile, there are extreme market measures like EURUSD’s range that are prone to volatility, but can they be tripped?

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S&P 500, Nasdaq, Dow Jones Forecast: Key Support Bounces Now in Play

The S&P 500, Nasdaq and Dow Jones all ran into key support levels to start this week – which led to today’s bullish response. But can buyers still push a Santa Rally?

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British Pound (GBP/USD) Latest: The US Dollar is Back in the Driver’s Seat

The next move in GBP/USD will be decided by US economic data before the holiday season lull sets in.

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EUR/USD Forecast: Euro Bolstered by GfK Consumer Confidence

The euro grapples with positive German consumer sentiment and a stronger USD ahead of U.S. consumer confidence data later today.

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Tuesday, 20 December 2022

Crude Oil Holds the High Ground as Risks Swirl in BoJ Aftermath. Will WTI Rally?

Crude oil has consolidated recent gains as volatility around it calms down after yesterday’s wild ride that saw the Japanese Yen blaze higher. Will further tightening impede WTI?

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Australian Dollar Pummelled in the Japanese Yen Melee Post BoJ. Where to for AUD/JPY?

The Australian Dollar nosedived against the Japanese Yen after the Bank of Japan adjusted its monetary policy that might follow the RBA example. Will AUD/JPY keep going lower?

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Collapse of the Carry Doesn’t Reach the S&P 500, Can EURUSD Fulfill Its Own Reversal?

One of the FX market’s favorite measures of risk trends, the Yen-driven carry trade, suffered one of sharpest collapses in years. Yet, the Bank of Japan driven move didn’t feed all the way back up the speculative line. With the liquidity countdown continuing, is there still room for breaks from the S&P 500 and Dollar pairs?

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Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY

The Japanese Yen went on a massive run last night and the big question now is continuation potential in USD/JPY, EUR/JPY and GBP/JPY.

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FTSE 100, DAX 40 and Dow Jones Industrial Average Reversing into Large Ranges

The surprise tightening of monetary policy from the Bank of Japan caused a shake up in Asian capital markets and spilled over modestly to the subsequent European and American sessions. Yet, follow on the DAX’s, FTSE 100’s and Dow’s retreat may not need to rely on this disconnected event.

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EUR/USD Eyes Gains as US Dollar Retreats and Euro Area Data Continues Improvement

EUR/USD Bounces off support yet low liquidity could cap any significant gains. Could we remain rangebound ahead of the New Year?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...