Bank of Japan disappoints Yen bulls

  • Today, Bank of Japan offered zero guidance on rate hike in 2024
     
  • USDJPY climbs well past 200-day SMA
     
  • Higher-than-expected Japan CPI this Friday may see USJPY test 200-day SMA for support
     
  • Lower-than-expected Japan CPI may see USDJPY test 21-day SMA for resistance

Trade of the Week: GBPUSD in for an early-Christmas cracker?

  • GBPUSD has climbed about 4.9% so far in 2023

  • UK, US economic data to offer clues on BOE vs. Fed's 2024 rates plan

  • Forecasted trading range: 1.2528 - 1.2788

 

Sterling is the second-best performing G10 currency against the US dollar so far in 2023.

At the time of writing, GBPUSD has about 4.9% in year-to-date gains, albeit with a couple of weeks left to go in the year.

GBPUSD inflation Bank of England Federal Reserve rate hikes Recession

Week Ahead: Yen’s winning streak set for festive flex?

  • Yen set for largest weekly gains since mid-July
  • BoJ decision and US PCE may move USDJPY
  • Currency pair bearish on daily charts but RSI oversold
  • Daily close below 200-day SMA could fuel downside 
  • Key levels of interest at 144.50, 141.50 and 138.80

Our focus f

USDJPY RSI BoJ Federal Reserve inflation Rates

EURGBP braces for BoE/ECB tag team

  • BoE/ECB combo could rock EURGBP
  • Both central banks expected to leave rates unchanged 
  • Keep eye on updated ECB economic projections
  • 21-day EMA acting as possible resistance  
  • A falling wedge is seen on the weekly chart

A super central bank combo featuring th

GBP EUR BoE ECB Technical Analysis Rates

Mid-Week Technical Outlook: NQ100_m waits on Fed rate decision

  • NQ100_m hits fresh 2023 high yesterday
  • Index could be rocked by looming Fed decision
  • Bulls in control but RSI overbought on D1 chart
  • Levels of interest at 16770.6, 16100 & 15800

The NQ100_m jumped to a fresh 2023 high in the previous session after signs of slowing inflation supported hopes around the Fed cutting interest rates

NQ100m Federal Reserve Rates CPI

Gold bears eye weekly support ahead of US CPI

  • Gold bearish on daily timeframe  
  • 4 potential targets identified on H4 chart.
  • Bearish scenario invalidated above 2039.91
  • Watch out for US CPI report thi
Gold CPI USD MACD Technical Analysis

Trade Of The Week: SPX500_m gearing up for event heavy week

  • SPX500_m hits new 2023 high last Friday
  • Stock index set to be injected with fresh volatility
  • Keep eye on US CPI and Fed decision
  • SPX500_m bullish on D1 chart but RSI signals overbought
  • Key levels of interest at 4640, 4600 and 4545

After hitting a new 2023 high last Frid

SPX500_m CPI Federal Reserve SMA MACD

Week Ahead: US dollar set for explosive week?

  • Big week ahead for USD due to CPI and Fed decision
  • Fed set to hold rates but economic projections in focus
  • USDInd under pressure despite recent rebound
  • Key levels of interest at 105.30, 104.26 & 102.45
  • Breakout/down on the horizon?

Even as the clock ticks down to th

USD Federal Reserve CPI SMA MACD BoE ECB

Brent rebounds from 5-month low but bears linger

  • Brent sheds 3.8% in previous session
  • Global commodity hit by supply concerns & demand fears
  • Oil under pressure despite recent rebound
  • Bears in driving seat but RSI signals oversold
  • Key levels interest at $78, $74 and $72.50

Oil prices staged a small rebound on Thursd

Brent Oil SMA MACD OPEC+

Mid-Week Technical Outlook: EURUSD closes below 200-day SMA

  • EURUSD closes below 200-day SMA
  • Bearish momentum building on D1 chart
  • Data heavy week could rock currency pair
  • Key levels of interest at 1.0850, 1.0770 and 1.0700

The EURUSD entered standby mode on Wednesday after closing below the 200-day Simple Moving Average (SMA) for the first time in three months.

EURUSD MACD Technical Analysis SMA
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