Japanese Yen Technical Analysis: USD/JPY, AUD/JPY. Will Momentum Pick up Again?
The Japanese Yen weakened to start 2022 but has since consolidated against the US and Australian Dollars'. Will JPY resume depreciating?
Will the US Dollar Rise on CPI? USD/IDR and USD/THB Eye Indonesia, Thailand Rate Decisions
The US Dollar fell against its ASEAN counterparts last week. However, a strong US jobs report and incoming CPI data may rekindle buying pressure. Central banks from Indonesia and Thailand…
S&P 500 Climbs on Strong Nonfarm Payrolls, APAC to Open Mixed
Wall Street stocks rebounded on Friday after Amazon’s strong results revitalized investor confidence. The nonfarm payrolls number far exceeded market expectations, underscoring a strong economic re...
AUD/USD Steadies After NFP Triggers Drop as Traders Eye China PMI
AUD/USD is slightly higher in early Asia-Pacific trade as markets eye Chinese PMI data. A light week ahead on the economic docket may leave prevailing risk trends intact.
Weekly Fundamental Gold Price Forecast: Rising Rates Still Problematic
Sovereign bond yields continue to rise while inflation expectations pullback. It’s not a good mix for gold prices.
Markets Week Ahead: Nasdaq 100, US Dollar, CPI, Euro, British Pound, UK GDP
The Nasdaq 100 rose last week, but not without giving up most gains as the US Dollar rose on a stellar jobs report. 40-year high CPI keeps volatility risk elevated.…
Twitter and Pfizer Earnings in Focus After FAANG Deliver Divergent Results
Wall Street equities had a rollercoaster week as FAANG earnings boosted market volatility. An uneven picture underscored challenges and opportunities ahead for big tech names.
US Dollar Technical Forecast: EUR/USD, GBP/USD, AUD/USD, USD/JPY
It was a bad week for the US Dollar, even with U.S. rates hitting fresh highs. Given the backdrop in majors of EUR/USD and USD/JPY, there may be more pain…
Mexican Peso Outlook: U.S Inflation Data & Banxico Decision will Be Key for USD/MXN
The Mexican peso is likely to weaken against the dollar if U.S. inflation accelerates further and helps to consolidate expectations of a 50 bp hike by the Fed at its…
Euro Weekly Forecast: EUR/USD Upside Rally May be Waning after ‘Hawkish’ ECB
The Euro has been soared last week with NFP's dampening spirits on Friday. The week ahead includes US CPI data while EUR/USD holds its head above 1.14.