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USD/CAD: Jobs Data Collision Could Cement Loonie’s Reversal

Key reversal in play for USD/CAD—Friday’s jobs reports could determine whether the Loonie’s comeback sticks.

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February 7, 2025 03:51 PM
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USD/JPY selloff inflicts heavy technical damage ahead of key US jobs data

Yen bulls are pressing the advantage, but with a messy US payrolls report looming, traders need to stay nimble.

GBP/JPY bears ride the wave of divergent BOE, BOJ policy expectations

A dovish BOE cut and bets that a BOJ hike could be much closer than expected saw GBP/JPY lead the way lower on Thursday. But price action across the board suggests it could be year of the yen.

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Treasury Breakout Reshapes Markets: Gold Roars, USD/CHF Stumbles

Bond bulls just kicked the door down. US Yields are sinking, gold is soaring, and USD/CHF is on the ropes. What happens next?

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WTI crude oil is down, but not out

With futures traders continuing to cover longs, further losses cannot be ruled out without a fresh fundamental catalyst. But given crude oil's 11% decline and plethora of support levels above $70, a technically-driven bounce is not a crazy idea.

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February 6, 2025 10:02 AM
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USD/JPY: Traders May Be Underestimating BoJ’s Next Move

Japan’s economy is showing resilience, with wages rising and the services sector gaining momentum. As the BoJ watches March wage talks closely, traders betting on a slow tightening cycle may be in for a surprise. With swap markets underpricing the risks, could a BoJ rate hike come sooner than expected?

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February 5, 2025 01:37 PM
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NZD/USD: Surging Unemployment Keeps RBNZ on Aggressive Rate Cut Path

New Zealand’s labour market is weakening fast, with unemployment hitting a four-year high and wage pressures fading. Markets are betting the RBNZ will slash rates again, but will it be enough to shift the Kiwi’s fate, or is offshore sentiment still in control?

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February 5, 2025 09:44 AM
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AUD/USD, NZD/USD: Commodity FX lead the way amid mild risk-on bounce

Given that commodity currencies such as AUD/NZD and NZD/USD have succumbed to USD strength for the best part of four months, the idea of a correction may not be overdue. Add into the mix bullish divergences on net-short exposure and false break of key lows, perhaps one is already underway.

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USD/CNH: China Fires Back with Tariffs as Markets Brace for Fallout

China wasted no time retaliating against fresh US tariffs, slapping duties on crude oil, LNG, and farm equipment while launching a probe into Google. USD/CNH is holding up for now, but will key resistance levels crack when the PBOC steps in post-Lunar New Year?

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Gold and copper prices could be set to converge

With gold making hard work of record highs while copper perks up from its cycle lows, I'm looking for the two to converge over the near term.

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February 4, 2025 04:24 PM

USD/CAD: Trade Whipsaw Signals Reversal as Tariff Threat Eases

Canada’s last-minute tariff deal sent USD/CAD on a wild ride, reversing a 22-year low for the Loonie. With a shooting star candle and momentum turning, is a near-term top in place—or just another pause before the next leg higher?

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February 4, 2025 11:31 AM
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Expansive ISM, hot GDP estimate leaves no wriggle room for Fed doves

You’ll be forgiven for not realising that economic data was released on Monday, amid the influx of trade war headlines. But if US growth estimates and manufacturing are anything to go by, we’re in for another hot ISM services print later this week.

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USD Surges as Trump’s Tariffs Bite—EUR, CNH Slide, CAD Slumps to New Lows

Trump's tariff escalation has sparked fresh volatility across major currency pairs, pushing the US dollar to new heights. EUR/USD, USD/CAD, and USD/CNH are now at key technical levels, with traders bracing for potential breakouts or bounces. Here's what you need to know.

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USD/JPY Outlook: Risk Aversion Rises, Yen Gains as Trade War Erupts

USD/JPY traders beware—market drivers are shifting. While rate differentials remain key, an intensifying trade war could see risk aversion take control. Will the yen prove to be the ultimate safe haven?

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AUD/USD weekly outlook: Make or break for AUD, CNH around key levels

Trump's tariffs and divergent monetary-policy expectations between the RBA and Fed are weighing on AUD/USD. But whether it can hold above the January low could come down to whether USD/CNH breaks above its 2022 high.

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USD/JPY: Strong Japanese Data Keeps Bears in Control

Japanese economic data keeps the BOJ on track for more rate hikes. With USD/JPY teetering near key support, the risk of a downside break is growing. Will the bulls dig in, or is another leg lower on the horizon?

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January 31, 2025 12:33 PM
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Silver Forecast: Bulls Push Past Key Hurdle—More Upside Ahead?

Silver bulls have finally cracked stubborn resistance, but can they maintain momentum? With gold hitting record highs, is this the beginning of a broader breakout for the precious metals complex?

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USD/CAD spikes to 5-year high as Trump's tariffs come knocking

Well, Trump's tariffs are not going away. In fact, they're on Canada's doorstep. And that was enough to send USD/CAD to a 5-year high late in the day on Thursday, which only adds to the excitement of month end flows and messy price action.

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USD/JPY: Bulls on the Ropes as Market Headwinds Strengthen

USD/JPY’s bullish run is under threat as key technical levels crumble, with momentum indicators flashing warning signs. As markets brace for major data releases from both the US and Japan, could the next catalyst tip the scales toward a decisive break?

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January 30, 2025 01:30 PM
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EUR/USD: ECB Rate Guidance Clouded as Central Banks Hit Pause

Central banks are pulling back on rate cut signals, with the Fed, BoC, and Riksbank all hitting pause. With markets betting on aggressive ECB easing, could traders be caught offside if the script changes?

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January 30, 2025 10:37 AM
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ASX 200 analysis: I’m not banking on a record high despite softer CPI

The ASX 200 index is eyeing a record high. But with SPI 200 futures dragging its heels below resistance looms and the Fed unlikely to cut soon, an immediate breakout is not on my horizon. Even though an eventual breakout seems inevitable.

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AUD/USD, ASX 200: Inflation Miss Sets Stage for First RBA Rate Cut Since 2020

Cooling inflation pressures have reignited speculation of an RBA rate cut, marking a potential shift in Australia’s monetary policy landscape. AUD/USD tests key support as ASX 200 SPI futures eye record highs.

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January 29, 2025 12:51 PM
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NZD/USD: Trade Wars, Not Rate Cuts, Are Calling the Shots

The RBNZ has slashed rates aggressively, but markets still think there’s more to come. With the central bank’s neutral rate estimate sitting well below current levels, cuts look set to continue in 2025. But rate differentials aren’t driving NZD/USD moves. A deeper look reveals a clear culprit.

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January 29, 2025 11:21 AM