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Japanese Yen Technical Forecast: Mixed Bag for Japanese Yen Technicals

Posted by By 08/01/2023Posted inForex
Technical patterns are providing mixed signals; Will the BoJ’s continued support of the Yen encourage JPY bulls to return?
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USD Weekly Outlook: Dollar Index (DXY) Eyes U.S. CPI

Posted by By 07/01/2023Posted inForex
The U.S. dollar starts the week under pressure but may find some respite from U.S. CPI should actual figures exceed forecasts.
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Gold (XAU/USD) Rips Higher – $1,850 Support Holds at Prior Resistance

Posted by By 07/01/2023Posted inForex
Gold has benefited from a softer weakness despite a slight pullback ahead of US NFP’s. As XAU/USD rises above $1,850, the next barrier of resistance has started to form.
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S&P 500 and Dow Break Higher Despite Strong Recession Signal, Key US Event Risk Ahead

Posted by By 07/01/2023Posted inForex
The S&P 500 managed to pull out a strong first-week-of-the-year performance on the back of a modest NFPs beat and ISM service sector activity reading that seems to amplify the…
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Australian Dollar Outlook: Volatility Kicks in for 2023

Posted by By 07/01/2023Posted inForex
The Australian Dollar had a bumpy ride into the new year with Chinese policy adjustments and US Dollar fluctuations running amok. Will AUD/USD find its own path?
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USD/ZAR Outlook: Dollar Remains Dominant Driver of Rand Post NFP

Posted by By 06/01/2023Posted inForex
The South African Rand has remained resilient despite a resurgence or Dollar strength which drove USD/ZAR back above 17.00.
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US Dollar Breaking News: US NFPs +223K, Unemployment Rate Drops to 3.5%

Posted by By 06/01/2023Posted inForex
The latest US NFP report beat market expectations, +223k vs. +200k expectations, the unemployment rate fell to 3.5% from 3.7%, but hourly earnings fell.
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GBP/USD Update: Technicals Hint at Further Downside

Posted by By 06/01/2023Posted inForex
GBP/USD surrendered the 1.2000 handle yesterday following positive US ADP data. Head and shoulders pattern doesn’t bode well for cable with NFP lying in wait.
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Euro Breaking News: EU Inflation Drops to 9.2% (Core up 0.2% YoY)

Posted by By 06/01/2023Posted inForex
EU inflation dropped from a high of 10.6% in October to an estimated 9.2% for December. However, core inflation rose suggesting that widespread price pressures linger
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AUD/USD Forecast: Choppy Trading Seeks Catalyst, NFP and ISM?

Posted by By 06/01/2023Posted inForex
AUD/USD remains between the 0.67 and 0.68 levels but could soon breakout depending on the upcoming NFP and ISM data prints.
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