USD/JPY is a nearing levels that may prompt the Bank of Japan to start talking intervention. Tuesday’s rate decision and the Quarterly Outlook Report remain key for the Yen’s next move.
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Friday, 19 January 2024
Pound Sterling Latest: UK Retail Sales Contracted in December, GBP/USD Drops
Retail sales volumes fell over the festive period just one month after Black Friday sales prompted a 1.4% rise in November. Full year volumes declined 2.8% - GBP/USD lower
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Thursday, 18 January 2024
US Dollar Stands Tall, Technical Setups on USD/CAD and AUD/USD
This article will explore the technical outlook for USD/CAD and AUD/USD, analyzing important price thresholds that should be on every trader's radar in the coming days and weeks.
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Yen Scores Small, Nervous Gains On US Dollar In Wait For Japan CPI
The Japanese Yen remains under severe fundamental pressure against its US rival, but got some respite on Thursday
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ECB Minutes Shift Focus to Wages: EUR/USD, EUR/GBP, EUR/JPY Setups
ECB highlights wage pressures as the next challenge to price stability as workers look to recover from a drop in real wages. EUR/USD, EUR/GBP and EUR/JPY price action setups explored
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Gold and Silver Under Pressure From Pared Back Interest Rate Cut Expectations
Fed and ECB board members have been on the wires this week trying to temper elevated market rate cut expectations, and this is hitting the price of gold and silver.
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Sterling Attempts to Build on Yesterday’s Advance as Data Schedule Cools
Sterling caught a bid yesterday after headline and core measures of inflation beat estimates, forcing a downward revision in rate cut expectations. Monitoring GBP/JPY
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Wednesday, 17 January 2024
FTSE 100, DAX 40 and Nasdaq 100 Slide amid Pared Back Rate Cut Expectations
Outlook on FTSE 100, DAX 40 and Nasdaq 100 as US earnings season continues and UK inflation comes in higher-than-expected.
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UK Breaking News: CPI Surprises to the Upside, Lifts Sterling
UK CPI rose for the first time since February 2023 with ‘alcohol and tobacco’ contributing the most to the elevated print for December. Services inflation fails to ease
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Tuesday, 16 January 2024
Gold Prices in Turmoil as Treasury Yields Rebound and US Dollar Dominates
This article delves into the fundamental and technical outlook for gold prices, shedding light on the critical levels to monitor on XAU/USD in the upcoming trading sessions.
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US Dollar Reclaims Throne; EUR/USD, GBP/USD, AUD/USD Tank as Sentiment Sours
This article focuses on the technical outlook for EUR/USD, GBP/USD and AUD/USD, analyzing market sentiment and price action dynamics for the upcoming trading sessions.
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Dow & Nasdaq 100 edge lower while Hang Seng hits new 14-month low
While US markets have seen some more small losses, the Hang Seng has lurched to its lowest level since November 2022
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EU Breaking News: German Inflation Rises While Sentiment Improves
German inflation rose in December while general economic sentiment continues to make small strides in the right direction despite stagnant growth in Europe
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British Pound Update: GBP/USD Edges Lower After Jobs Data, USD Strength
Sterling is trading back below 1.2700 after the release of the latest UK jobs and wages data. The US dollar has also picked up an early bid, putting pressure on the GBP/USD.
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Monday, 15 January 2024
Gold Price Outlook: XAU/USD Eyes Prior All-Time High Amid Elevated Tensions
Gold continues to build on Friday’s safe haven bid while US yields look to extend the multi-day decline. Lower volume trading expected during Martin Luther King Day in the US
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Euro (EUR) Picking Up a Small Bid in Quiet Trade, US Markets Closed
With US markets closed for the Martin Luther King Jr. Federal Bank Holiday, the Euro is picking up a small bid against a range of currencies.
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FTSE 100, DAX 40 stable as Nikkei 225 Surges Ahead
Outlook on FTSE 100, DAX 40 and Nikkei 225 as the US is shut for Martin Luther King Jn. Day.
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FX Week Ahead: GBP/USD, AUD/USD and USD/JPY
Main considerations for FX markets this week include UK jobs and inflation data, markets just about expecting successive 25 bps cuts from March, and Chinese Q4 GDP
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Sunday, 14 January 2024
Markets Week Ahead: Gold Bid, US Dollar Struggles, US Equities Eye Fresh Highs
A mixed week with US equities continuing to push towards multi-year highs, while oil and gold are bid on escalating geopolitical risk. In the background, the US dollar treads water.
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Saturday, 13 January 2024
US Dollar Forecast: Reversal Possible; Setups on EUR/USD, USD/JPY, GBP/USD
This article explores the week-ahead outlook for the U.S. dollar, examining important catalysts that could guide the performance of key currency pairs such as EUR/USD, GBP/USD and USD/JPY.
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Posts (Atom)
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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...