British Pound (GBP/USD) Grinding Higher After a Strong UK Jobs Report
UK unemployment fell to pre-pandemic levels, data showed today, but Sterling is struggling to move noticeably higher ahead of Thursday's BoE meeting.
USD/JPY Technical Outlook: US Fed and BoJ Central Bank Preview
The US and Japanese central banks meet this week. The economic outlook for the two nations differs significantly, particularly inflation and interest rate expectations
Euro Price Outlook (EUR/USD) – US Dollar Strength Remains the Prime Driver
The Euro remains under constant pressure against the US dollar and this may increase tomorrow if Fed chair Jerome Powell ramps up the hawkish rhetoric.
USD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long USD/JPY since Jan 05 when USD/JPY traded near 116.12.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
Chinese Yuan Forecast: CNH Claws Back After Strong Economic Data, PBoC Sustains MLF
The Chinese Yuan breathed a sigh of relief after the recent hearty USD rally, while upcoming Fed and PBoC rates decisions dominate USD/CNH price action going forward.
Euro Technical Outlook: EUR/USD Downtrend Holds as Key Support Levels Reinforced
The Euro remains in a consolidative state since finding new 2022 lows last week, but the broader downtrend remains intact. Rising EUR/USD short bets hint prices may turn higher.
US Dollar Surges as Yen Sinks on Ahead of Fed Rate Decision. Will USD/JPY Go Higher?
The US Dollar has rallied against the Japanese Yen as the Fed is set for rates lift-off tomorrow. Can USD/JPY make new highs?
Crude Oil Prices Fall as China Lockdowns Dampen Demand Outlook
WTI crude oil prices fell for a second day as China imposed lockdowns in key cities amid a flare-up in Covid-19 cases. This dampened the demand outlook for energy. Russia-Ukraine…
Gold Falls as Commodity Pullback Saps Inflation Expectations Ahead of FOMC
Gold prices are on the move lower after a new wave of Covid lockdowns across China sent commodity prices lower. That hurt gold-friendly inflation expectations ahead of this week's FOMC…
Australian Dollar Tanks With Commodities as Risks Sink in. Where to For AUD/USD?
The Australian Dollar has sunk on the back of a commodity rout and souring risk sentiment while the RBA sits on its hands. Will AUD/USD test new lows?