Japanese Yen Technical Forecast: USD/JPY Correction Underway
US Dollar is attempting to snap a four-week losing streak vs the Japanese Yen but the reprieve may be short-lived. Levels that matter on the USD/JPY weekly technical chart.
FX Week Ahead – Top 5 Events: Japan GDP; Canada & UK Inflation Rates; US Retail Sales; Australia Jobs Report
The coming days will produce a diverse offering of key data releases.
Fedspeak for the Week Ahead
Federal Reserve speakers are back out in force this week following last week’s CPI print and major market moves.
Dax (German 40) Enters Bull Market Territory – Infineon Leads Gains
Dax 40 futures have risen into technical bull market territory after rising 20% from last month’s low. With China’s reopening fueling optimism, Infineon led gains.
Another Round of Gilt and Sterling Sales as the UK Heads into Recession
Dark days will be ahead of the United Kingdom, at least into mid 2024 as UK Chancellor Jeremy Hunt warns that tax rises will be for all and cut in…
EUR/USD Tests Key Resistance at 1.0350, Can Bulls Further the Move?
EUR/USD has jumped up to a key level of 1.0350 after a strong bullish response following last week’s CPI data. But – can EUR/USD bulls continue the move?
S&P 500, Dow Jones, Nasdaq 100 Technical Outlook for the Days Ahead
Stocks look like they have more upside left in them before another bear market rally draws to an end; levels and lines to watch.
Gold Price Forecast: XAU/USD Nearing ‘Oversold’ Territory as Yields Gap Up
Gold’s recent bullish advance appears under threat as the RSI briefly entered ‘oversold’ territory. Contractionary policy likely to cap longer-term XAU/USD price action
USD/JPY Eyeing Deeper Retracement as Dollar Index Rises
USD/JPY starts the week on the front foot as Feds Waller sends markets a timely reminder of the ongoing inflation fight.
British Pound Latest – GBP/USD Under a Range of Influences This Week
GBP/USD is back above 1.1800 and eyeing levels not seen for 10 weeks. It's not just Sterling driving the move though, it's also the US dollar.