Japanese Yen Technical Outlook: Is USD/JPY Building a Base?
The Japanese yen’s slide against the US dollar in recent days confirms that the upward pressure has faded for now, but it doesn’t alter the broader uptrend trend established in…
Australian Dollar Jumps Post RBA Hike of 0.25% as Expected. Where to for AUD/USD?
The Australian Dollar skipped north after the RBA raised the cash rate target by 25 basis points to 3.35% as the central bank tries to rein in eye watering inflation.…
GBP/USD Technical Outlook: Approaching Key Support
GBP/USD is nearing key technical support that could shape up the trend for the next few weeks, possibly a few months. What is the outlook and what are the key…
Dollar Extends Rally for a Few Key Breaks, S&P 500 Throttles its Descent
The strong trends of risk aversion and Dollar recovery at the end of last week have survived the weekend. EURUSD and USDJPY won significant technical progress as the market’s Fed…
Dollar Advance and Uneven Risk Trends Amplify USDMXN, USDHKD, USDINR and USDTRY
There has been a notable swoon in risk-leaning assets that has also provided some predictable lift to the US Dollar. Combined, these forces have created some unique pressure on some…
USD/CAD Rally Gathers Steam Following Wedge Breakout
The greenback looks set to post further gains against the loonie as fundamentals and technicals form perfect cocktail. Can a rebound in WTI prices limit the upside potential?
US Stocks Battered in the Aftermath of NFP’s – S&P 500, Nasdaq Sink
S&P 500 has fallen back to support at the prior resistance level of 4110. With US strength driving stocks lower, Nasdaq is testing another key zone of support at 12500.
British Pound Outlook: GBP/USD Yields to US Dollar Strength, Where to Next?
The US dollar remains better bid after last Friday’s super-sized NFP reading and robust ISM report. Sterling seems unable to halt the greenback’s run.
USD/JPY Hits Fresh 3-Week High on Speculation of New BoJ Governor
USD/JPY flirts with the 132.00 level as the dollar index eyes a potential retracement. Comments from both the Fed and BoJ likely to drive any moves this week.
EUR/USD Forecast: No Let Up for Euro Post-NFP, What Fed Pivot?
EUR/USD bears have capitalized on fading Fed pivot bets but have a lot to look forward to this week from both ECB and Fed officials.