USD/JPY remains close to making a fresh multi-decade high despite official warnings last week that the Yen was too weak. The question lingers: will the BOJ take action beyond verbal intervention to strengthen the Yen?
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Tuesday, 9 April 2024
US Dollar Retreats Ahead of US CPI, Treasuries Seen Rising
The disconnect between the US dollar and US treasuries recently is an interesting one but may have to do with improving EU sentiment. Upward surprise in CPI to jolt DXY?
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Monday, 8 April 2024
Gold Price Outlook: Drivers Behind Market Boom, Reversal or New Record Ahead?
Gold has soared and hit one record after another this year despite the rally in U.S. real yields, with the bulk of the bullish move taking place over the course of the past two months. What’s behind bullion’s boom?
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EUR/USD: Top 10 Trading Strategies for Different Market Conditions
EUR/USD, the most heavily traded currency pair in the forex market, provides a wealth of attractive opportunities for retail traders. Its unparalleled popularity and deep liquidity create a dynamic environment where numerous strategic approaches can thrive.
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Kiwi and Aussie Outlook Ahead of the RBNZ Meeting
The Reserve Bank of New Zealand (RBNZ) is likely to keep rates on hold due to stubbornly high inflation. Rate cuts are still some way off. AUD/USD tests crucial resistance
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Bitcoin (BTC) Nears New All-Time High as Halving Event Looms, Coinbase (COIN) Benefits
Bitcoin is above $72k to start the week and is looking set to print a new all-time high ahead of the highly anticipated halving event later this month.
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Oil Price Update: Israeli Troops Withdraw from the South, Peace Talks Underway
Israeli troops have been withdrawn from Southern Gaza in response to the recent backlash. Peace talks also got underway in Egypt at the weekend but progress remains limited
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US Dollar Grabs an Early Bid, Rate Cut Now Seen as 50/50, Gold Rallies Further
The US dollar has opened the week on the front foot, supported by higher US Treasury yields. A June US rate cut is now seen as 50/50
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Sunday, 7 April 2024
Markets Week Ahead: Gold, US Dollar, Euro, Pound Sterling
This week sees crucial US inflation (CPI) data alongside deliberations from the European Central Bank on monetary policy. FOMC minutes may already be out of date
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Saturday, 6 April 2024
US Dollar’s Outlook Rides on US Inflation Data - EUR/USD, USD/JPY, GBP/USD
The U.S. dollar lost ground this past week, but the tide could turn back in its favor in the coming days, especially if Wednesday's U.S. inflation report surprises to the upside and triggers a hawkish repricing of interest rate expectations.
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Friday, 5 April 2024
Japanese Yen (USD/JPY) On Edge After Official Verbal Intervention, NFPs Next
Japanese PM Fumio Kishida put the market on notice today that he will take action if there are any further excessive moves in the value of the Yen.
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Thursday, 4 April 2024
EUR/USD and Oil – Awaiting Fibonacci Resistance Breakout for Bullish Continuation
This article explores breakout strategies with insights into two potential trade setups on EUR/USD and crude oil prices. In the piece, we also examined major tech levels to watch in the coming days.
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Trading EUR/USD, USD/JPY, and GBP/USD: Strategies for the Most Liquid FX Pairs
EUR/USD, USD/JPY, and GBP/USD are among the most heavily traded currency pairs in the forex market. Each pair boasts unique characteristics and dynamics, demanding tailored trading approaches.
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Common Mistakes to Avoid when Trading Forex or Any Other Assets
Trading in financial markets can be rewarding, but it's also fraught with risks. Many beginners, and even experienced traders, often fall into common traps that can lead to losses. Understanding and avoiding these mistakes is crucial for long-term success and consistency.
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Dow, Nasdaq 100 and Hang Seng Look to Push Higher
Indices have recovered from their lows of the week, with US indices potentially looking at fresh record highs in the near future
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Euro Update: Weaker US Activity Data Helps the Euro Reclaim Lost Ground
The euro has found its feet after slower US PMI data and a more dovish message from the Fed resulted in higher moves for both EUR/USD and EUR/CHF
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Wednesday, 3 April 2024
Decoding Fedspeak: How Central Banker Comments Move Markets – Gold & US Dollar
In the world of finance, words can sometimes be as powerful as actions. Known as "Fedspeak", the speeches, statements, and even subtle remarks made by key figures within the Federal Reserve can cause significant ripples or even tidal waves across global markets.
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US Dollar Sinks on Weak Data & Powell’s Remarks, Jobless Claims Eyed Before NFP
The U.S. dollar moved lower on Wednesday, pressured by a combination of weaker-than-expected economic figures and dovish signals from Federal Reserve Chair Jerome Powell.
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US Crude Oil Prices Surge As Market Seems Sure OPEC Cuts Will Stay Put
The oil market is on a tear this year, but prices’ long rally is starting to look as if it might need a rest.
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Market Q2 Forecasts: US Dollar, Gold, Euro, Oil, Bitcoin, Yen, Equities Outlooks
The second quarter of the year looks set to bring renewed volatility to a wide range of assets classes as a slew of central banks look set to pull the trigger on interest rate cuts.
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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...
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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 -...