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Australian Dollar Buoyed by Sentiment as China Moves into Focus. Higher AUD/USD?

Posted by By 16/01/2023Posted inForex
The Australian Dollar continued to climb at the start of the week with hopes of China’s re-opening lifting base metals and sinking the US Dollar. Where to for AUD/USD?
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ASX 200 and KOSPI Technical Outlook: Diverging Trends

Posted by By 16/01/2023Posted inForex
While the ASX 200 index’s uptrend is getting re-established, it would be too soon to conclude that the downward pressure has faded for the South Korean benchmark index, KOSPI. What…
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Japanese Yen Appreciation Intact After PPI Data Ahead of BoJ Meeting. Lower USD/JPY?

Posted by By 16/01/2023Posted inForex
The Japanese Yen is holding onto last week’s gains after a red-hot PPI number presents a dilemma for the Bank of Japan and its monetary policy posture. Is USD/JPY heading…
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US Dollar Breakdown Accelerates, No End in Sight? USD/SGD, USD/IDR, USD/THB, USD/PHP

Posted by By 16/01/2023Posted inForex
The US Dollar is getting crushed by ASEAN currencies. Are further losses in store for USD/SGD, USD/IDR, USD/THB and USD/PHP?
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Markets Week Ahead: S&P 500, Nasdaq 100, US Dollar, Gold, Japanese Yen, BoJ

Posted by By 15/01/2023Posted inForex
The S&P 500, Nasdaq 100 and gold gained as the US Dollar fell after CPI data last week. Ahead, the Japanese Yen will be eyeing the BoJ. AUD/USD turns to…
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BTC/USD Outlook: Bitcoin Bulls Bounce Back After Double Digit Gain

Posted by By 14/01/2023Posted inForex
Bitcoin prices have risen above key technical resistance buoyed by USD weakness and a move above prior resistance at $17792. Can BTC/USD retest 2017 highs and break $20000?
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Japanese Yen Weekly Forecast: Optimism Around BoJ Shift Lifts JPY

Posted by By 14/01/2023Posted inForex
The Japanese Yen enters the week on a positive note ahead of the highly anticipated BoJ rate decision that could bring about a change to a longstanding policy outlook.
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S&P 500 Toes Technical Cliff, Dollar Has Lost Half of its Rate Era Climb, Event Risk Uneven

Posted by By 14/01/2023Posted inForex
Both the benchmark for global equities and the world’s most liquid currency registered meaningful progress this past week while still standing firmly in a shadow of doubt around commitment. On…
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US Dollar Technical Outlook: Slide Showing Signs of Fatigue?

Posted by By 13/01/2023Posted inForex
The US dollar’s broad decline remains intact, but the slide could slow or even pause as it approaches key support area across a range of currencies. What is the outlook…
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GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Jan 04, 2023 17:00 GMT when GBP/JPY traded near 159.43.

Posted by By 13/01/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
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