USD/JPY: Japan Posts Worst Single-Month Trade Deficit, FX Intervention Issues
Japan posts largest single-month deficit as soaring energy costs and a dwindling yen add to economic woes. G7 commitments provide stumbling block for FX intervention
EUR/GBP IG Client Sentiment: Our data shows traders are now at their least net-long EUR/GBP since Sep 01 when EUR/GBP traded near 0.86.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
DAX and FTSE Fragile as Market Sentiment Remains Cautious
The indexes alternated between gains and losses, a sign of the fragility and uncertainty prevalent in markets.
British Pound (GBP/USD) Remains Pressured as Key Central Bank Decisions Near
The Federal Reserve and the Bank of England will announce their latest monetary policy decisions next week, and that will ramp up volatility in GBP/USD.
Gold Price Forecast: XAU/USD Back Below $1700 on Fed Rate Hike Expectations
Spot gold is on the backfoot this morning ahead of U.S. retail sales data leaving XAU/USD trading below the key $1700 level.
ASX 200 and Nikkei 225 Technical Outlook: Soft Tone Going Into Next Week?
The ASX 200 and Nikkei 225 indices have pulled back sharply this week so far. Is there more to come in the coming sessions?
US Dollar Steadies the Ship While Speculation Swirls of Fed Hikes and BoJ Intervention
The US Dollar's robustness remains intact as the market recalibrates Fed rate hike expectations ahead of their meeting next week. Will data later today move get the USD rally going…
S&P 500 and Nasdaq Traders Focused on FOMC Next Week, Dollar the One True Safe Haven
Despite the extraordinary volatility - and risk aversion move - that immediately followed the US CPI release, there was little follow through to be found this past session. While we…
Gold Prices at Risk as FOMC Bets Firm Up. US Retail Sales May Trigger a Crash
Gold is at risk of crashing with prices below 1,700 as FOMC bets for a 100-basis point rate hike rise. XAU may crash if those bets increase further, with US…
Australian Dollar Chopped Up on Jobs Data as Market Eyes RBA Action. Will AUD/USD Rally?
The Australian Dollar eventually gained traction after jobs data revealed a healthy economy despite an uptick in the unemployment rate. Can AUD/USD continue higher?