Japanese Yen Price Setup: How Much More Upside in USD/JPY?
The downside in the Japanese yen could be limited against the US dollar as it approaches strong support ahead of the changes at the helm of the Bank of Japan.…
Gold Prices Aim for Worst Month Since June 2021 as Retail Traders Boost Long Bets
Gold prices extended losses on Wednesday, with XAU/USD setting course for the worst month since June 2021. Retail traders boosted long bets, which is likely a further bearish sign.
Euro Trapped in the Range as US Dollar Takes off Elsewhere. Where to for EUR/USD?
The Euro consolidated today after the US Dollar reclaimed the ascendency overnight as Treasury yields maintain lofty levels. The ECB is hawkish. Will it boost EUR/USD?
Australian Dollar Slides After Disappointing Jobs Data. What’s Next for AUD/USD?
The recent retreat in AUD/USD is a reflection of the divergence in the growth outlook of the two economies. This morning’s slide following dismal Australian jobs was no exception. What’s…
Great Fall of China: Population Decline Will Have Global Impact
China’s vast population is starting to fall, and the rate of decline could accelerate sharply in the years ahead. What will this mean for the global economy and markets?
US Dollar Gains as Markets Digest Rosy Retail Sales After CPI Data, Where to?
The US Dollar rallied on Wednesday as markets digested rosy US retail sales data after a red-hot CPI print. Is the Greenback readying to reverse more of its winter 2022…
Dollar Breaks Higher While Dow Holds its Range: Which Move Metabolizes?
The Dollar earned a potential technical break higher while the Dow Jones Industrial Average seemed to fade back into its well-established range. Which of these moves is more likely to…
USDJPY Outlook Receives Bullish Charge on Break Higher
The Dollar earned a significant boost Wednesday which pushed USDJPY to a notable technical break above 133.00. Is this a break with follow through given the uneven fundamental backdrop?
EUR/USD Threatens Key Support, Double Top Pattern in Play as Bears Tighten Grip
EUR/USD could extend recent losses if a bearish double top pattern is confirmed with a break below key technical support around the 1.0655 area.
S&P 500, Nasdaq 100 Dejected after Red-Hot Retail Sales, High CPI. What Now for Stocks?
The recent jump in U.S. Treasury yields on hawkish repricing of Fed monetary policy, following strong inflation and retail sales, will create headwinds for the U.S. equity market.