S&P 500 analysis: Will the recovery hold as focus turns to tech earnings?
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US dollar analysis: EUR/USD and USD/JPY remain in sharp focus - Forex Friday
US dollar analysis: Focus turns to sticky inflation and elevated interest rates narrative as markets regain their poise – for now – as Iran downplays the impact of Israel's strikes. The EUR/USD and USD/JPY will be in sharp focus with global PMIs and BoJ policy among other risk events coming up next week.
USD/JPY 155 in focus around US inflation, BOJ meeting: The Week Ahead
155 has become the latest 'glass ceiling' for the rapid rise of USD/JPY. And with a key US inflation report, BOJ meeting and potential for risk-off sentiment next week, this key level could be tested and prompt a response from Japan's central authorities.
Crude oil spikes on reports of Israeli airstrike, gold threatens new high
WTI crude oil was up over 4% during the Asian session on reports that Israel’s middles had struck a site in Iran, further fans fears of a broader-scaled war in the middle East.
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US dollar analysis: EUR/USD and USD/JPY remain in sharp focus - Forex Friday
Today 12:00 PM
Crude oil spikes on reports of Israeli airstrike, gold threatens new high
Today 03:35 AM
US dollar taps 106 as US 2yr eyes break of 5%, gold rangebound: Asian Open
Yesterday 11:27 PM
S&P 500 analysis: Will the recovery hold as focus turns to tech earnings?
Yesterday 04:46 PM
China A50, Hang Seng, USD/CNH: Economic revival, state intervention creates ample trade opportunities
Yesterday 07:04 AM
US dollar taps 106 as US 2yr eyes break of 5%, gold rangebound: Asian Open
The US dollar index recouped some of Wednesday's losses and is now tapping 106, whilst the US 2-year yields considers a break above 5%.
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S&P 500 analysis: Will the recovery hold as focus turns to tech earnings?
S&P analysis: As markets have started Q2 poorly, amid interest rate uncertainty and raised geopolitical risks, investors are relying on earnings to provide boost, starting with Netflix today. S&P 500 technical analysis suggests more losses could be on the way, with 5,000 on the bears' radars.
Nasdaq 100 Forecast: QQQ rises as chip stocks rebound, Netflix earnings in focus
US stocks are inching higher after recent losses as chip stocks rebound following impressive earnings from TSMC and despite jobless claims coming in stronger than expected. TSMC is considered a bellwether for chip stocks, so the upbeat earnings have helped the sector, which had fallen in recent weeks. Attention is now turning to Netflix earnings after the closing bell.
EUR/USD, Oil Forecast: Two trades to watch
EUR/USD rises as the USD rally pauses. Oil steadies after a steep fall yesterday.
China A50, Hang Seng, USD/CNH: Economic revival, state intervention creates ample trade opportunities
Chinese economic data is beating expectations at rates not seen since reopening to the world in 2023. And with the government and People’s Bank of China playing an active role in supporting mainland markets, it’s not surprising to see Chinese assets performing comparatively better than others across Asia right now.
US dollar ponders correction as bond prices approach support
The US dollar has risen around 6% from the late December low. And with bond prices approaching support which could send yields lower, the US dollar rally could at least find some headwinds - if not a retracement.
AUD/USD, ASX 200: Jobs report has little RBA implications, back to watching China
Australians are none the wiser as to what’s happening in the domestic labour market with another volatile jobs report creating more questions than answers. AUD/USD is largely unmoved, leaving offshore factors to remain in the driving seat.
USD/JPY, Nikkei 225: Even the strongest market trends are under threat
USD/JPY upside looks limited in the near-term, hindered by narrowing interest rate differentials and perceived increased risk of Bank of Japan intervention. The stronger yen may add to growing downside momentum in the Nikkei 225, putting two of the strongest market trends in 2024 under threat.
AUD/USD holds 64c ahead of AU jobs, crude oil slips 3%: Asian Open
The US dollar snapped a 6-day winning streak to allow AUD/USD to rebound from 64c in line with yesterday’s bias. And if AU employment figures perform today, it could extend its gains for a second day.
Crude oil analysis: WTI drops amid demand concerns
Middle East concerns should keep the downside limited for crude oil, after prices slid 3% as demand concerns intensified on weaker Chinese industrial data and amid the prospects of higher interest rates for longer. WTI technical analysis suggests the longer-term trend remains bullish, with the first short-term support level to watch coming in around $82 area.
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