Yen keeps posting flags through ascent

  • USDJPY busy forming second flag since August, amidst year-to-date uptrend
     
  • JPY surged Monday after BoJ Governor Ueda offered hawkish policy clues
     
  • Yen bulls unable to build on Monday's intraday low of 145.904.
     
  • USDJPY may look to close Monday's gap down
USDJPY Japanese Yen Kazuo Ueda rate hike Fed rate hikes inflation CPI

Trade Of The Week: Gold Outlook Hinges On US CPI Data

Gold prices caught our attention on Monday morning after briefly punching above $1930 as the dollar retreated.

Gold CPI inflation USD Federal Reserve SMA MACD

Mid-Week Technical Outlook: FX Mashup

Ongoing concerns over China’s economic growth have sent investors rushing toward the dollar with growing bets around US interest rates staying higher for longer supporting upside gains!

USD EURUSD GBPUSD AUDUSD USDJPY USDCAD

Trade Of The Week: Are Oil Bulls Back In Town?

Oil prices have hijacked our attention after surging to their highest level since November 2022!

WTI Oil China SMA growth USD Rates

Mid-Week Technical Outlook: Indices & Commodities

Global equities rose on Wednesday as weak US economic data overnight boosted hopes for a less hawkish Federal Reserve.

SPX500_m NQ100m uk100 Federal Reserve Rates inflation NFP Markets SMA

Dollar braces for data-heavy week

Chinese stocks paved the way higher for Asian shares on Tuesday as optimism from China’s measures to cut stamp duty boosted risk appetite. European futures are pointing to a positive open with the UK returning from a day’s holiday ahead of a data-heavy week for markets. In the commodity space, gold is modestly higher this morning with bulls drawing strength from a softer dollar and falling Treasury yields. Oil markets are flat, waiting for the next fundamental spark as supply concerns counter worries over demand.

Dollar inflation FED Stocks Powell Gold Oil G10

Trade Of The Week: Gold Primed For Another Breakout?

Gold prices have kicked off the new week still nursing deep wounds inflicted from last Friday’s painful selloff.

Gold SMA Federal Reserve Jerome Powell inflation Rates

Week Ahead: Can EURUSD’s uptrend stay intact?

Firstly, please note that this Week Ahead preview is being written before Fed Chair Jerome Powell’s highly-anticipated speech out of the Jackson Hole Economic symposium due later today (Friday, August 25th).

Can “golden cross” save Brent bulls?

  • Brent's 50-day SMA could soon cross above 200-day counterpart
     
  • However, other forces may negate bullish "golden cross" signal
     
  • Oil weighed down by risk of higher Venezuela/Iran supplies
     
  • Oil dropped on technical pullback, deteriorating China economy
     
  • Brent may yet return into sub-$80/bbl levels, while $88 offers strong resistance

 

 

Oil Brent Sanctions US President Joe Biden OPEC+ Saudi Arabia Russia technicals golden cross

GBPUSD drops after poor UK PMIs

  • GBPUSD sinks after UK PMIs came in below expectations

  • Bank of England rate hikes are taking toll on UK economy

  • Bloomberg model: GBPUSD likely to trade between 1.2545 – 1.2828 into next week

  • Friday's speech by Fed Chair Powell may herald more volatility for GBPUSD

GBPUSD PMI Bank of England Jackson Hole Fed Chair Jerome Powell
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