British Pound (GBP/USD) Latest: The US Dollar is Back in the Driver’s Seat
The next move in GBP/USD will be decided by US economic data before the holiday season lull sets in.
USD/CAD Rangebound Ahead of Important Canadian Inflation Data
USD/CAD continues to fluctuate between gains and losses ahead of crucial Canadian inflation data. Can the inflation data serve as a catalyst for a wedge pattern breakout?
EUR/USD Forecast: Euro Bolstered by GfK Consumer Confidence
The euro grapples with positive German consumer sentiment and a stronger USD ahead of U.S. consumer confidence data later today.
Crude Oil Holds the High Ground as Risks Swirl in BoJ Aftermath. Will WTI Rally?
Crude oil has consolidated recent gains as volatility around it calms down after yesterday’s wild ride that saw the Japanese Yen blaze higher. Will further tightening impede WTI?
Gold and Silver Outlook: Prices May Rise as Retail Traders Increase Short Bets
Gold and silver prices have been aiming higher in recent weeks. Retail traders have been responding by increasing their downside exposure. Is this a sign XAU and XAG may keep…
Australian Dollar Pummelled in the Japanese Yen Melee Post BoJ. Where to for AUD/JPY?
The Australian Dollar nosedived against the Japanese Yen after the Bank of Japan adjusted its monetary policy that might follow the RBA example. Will AUD/JPY keep going lower?
Collapse of the Carry Doesn’t Reach the S&P 500, Can EURUSD Fulfill Its Own Reversal?
One of the FX market’s favorite measures of risk trends, the Yen-driven carry trade, suffered one of sharpest collapses in years. Yet, the Bank of Japan driven move didn’t feed…
Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY
The Japanese Yen went on a massive run last night and the big question now is continuation potential in USD/JPY, EUR/JPY and GBP/JPY.
FTSE 100, DAX 40 and Dow Jones Industrial Average Reversing into Large Ranges
The surprise tightening of monetary policy from the Bank of Japan caused a shake up in Asian capital markets and spilled over modestly to the subsequent European and American sessions.…
Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD
The Canadian Dollar has been one of the weakest global currencies, driving massive breakouts in both CAD/JPY and EUR/CAD.