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AUD/USD lower as the RBA enters perpetual-hold mode
With no imminent reason for the RBA to hike or cut, the 4.35% cash rate seems here to stay. But the removal of their slight tightening bias weighed on AUD/USD.
The US dollar could be undervalued if commodities continue to rip higher
Commodities are soaring, and of they continue to do so the US dollar could be undervalued as the case for any Fed cuts could evaporate.
AUD/USD, USD/JPY in focus for RBA and BOJ meetings: Asian Open
1-day implied volatility for USD/JPY has risen to 320% of its 20-day average ahead of today's BOJ meeting, to show volatility is expected. And the best chance of AUD/USD enjoying its own volatility is if the RBA finally ditch their hawkish bias.
FOMC Meeting Preview: Deciphering the Dot Dilemma for the Fed
FOMC meeting risks are skewed toward a less dovish outcome, with the potential for the median Fed dot for 2024 to rise to 4.9%, or only two interest rate cuts for 2024.
USD/JPY analysis: BoJ and FOMC Meetings Key Focus in Financial Markets – Currency Pair of the Week
The USD/JPY will face a major test in the week ahead, with both the Bank of Japan and US Federal Reserve set to make monetary policy decisions a day apart. The USD/JPY has managed to recover strongly, rising from around 146.50 to above 149.00 in a few days. The recovery has been driven in part because of a rebound in bond yields a stronger dollar.
GBP/USD hints at sentiment extreme ahead of BOE, FOMC: COT report
With a BOE and FOMC meeting pending and net-long exposure for GBP/USD at or near a sentiment extreme, I cannot help but wonder if the pound it due at least a pullback. I also take a closer look at the US dollar index (DXY), gold and the Nasdaq 100.
GBP/USD analysis: FOMC, BOE and Key Data on Tap for Cable
All eyes are on the FOMC and dot plots, with pound trades facing additional test with BoE rate decision, CPI, and retail sales all to come in the week ahead. GBP/USD technical analysis shows bullish trend is losing momentum.
USD/JPY Forecast: BOJ and Fed Enter the Arena, Yields in Focus
USD/JPY's key technical levels to watch in the coming days include possible resistance at 149.70 and 151.00, with support down at 148.70 and 145.85.
USD/JPY, Gold and GBP/USD analysis - Forex Friday, March 15, 2024
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the US dollar, Japanese yen, gold and the pound ahead of a busy next week for central banks.
Central Bank galore with BOJ, Fed, BOE, SNB and RBA on tap: The Week Ahead
It is a monster week ahead for traders with a key focus on central banks, with BOJ, Fed, BOE and RBA meetings on the menu.
EUR/USD analysis: Hot US inflation and rising oil prices support dollar
Stronger-than-expected US PPI sends dollar and yields higher, while rallying crude oil prices further fuel inflation concerns. But US retail sales point to a struggling consumer which could limit dollar’s gains.
Japanese Yen Forecast: USD/JPY, EUR/JPY, and GBP/JPY in Play Ahead of BOJ
The long-awaited results from the Japan’s spring wage negotiations are winding down, and the results are generally what the BOJ wanted to see to exit its ultra-accommodative monetary policy. See the key levels to watch on USD/JPY, EUR/JPY, and GBP/JPY!
Euro Forecast: EUR/USD Carves Out a Tight Range Ahead of US PPI and Retail Sales
US data will continue to play a major role for EUR/USD, with PPI and Retail Sales on tap tomorrow. See the key levels to watch!
GBP/USD analysis: Cable rebounds after US CPI-related drop
After the US dollar failed to find too much love from hot CPI, the cable was looking to recover along with other major pairs. The UK economy rebounded 0.2% in January, which helped to provide additional support to the pound. From the US, retail sales, PPI and UoM surveys are all still to come this week.
USD/JPY seems best bet for bulls amid a mixed US dollar environment
The US dollar rose for a second day, but its bearish reversal candle makes it less appealing to bulls. Yet USD/JPY shows promising signs of bullish mean reversion ahead of next week's BOJ and FOMC meetings.
EUR/USD, FTSE and ETH/USD analysis - Technical Tuesday, March 12, 2024
Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will analysis the EUR/USD, FTSE and Ether following recent bullish price action in all these markets.
US CPI Preview: GBP/USD Pulls Back to 1.2800 – Has US Inflation Bottomed?
GBP/USD remains in a bullish technical position ahead of the US CPI report - see what we're watching!
USD/JPY, GBP/USD, gold analysis: COT report – March 11, 2024
The reversal on USD/JPY did not come without warning, as traders had reached a record level of net-short exposure. And whilst USD/JPY may be due for a bounce, further downside potential remains.
USD/JPY analysis: Japanese yen could further extend rally ahead of key BoJ decision
Japanese yen surges as speculation grows over BoJ rate hike, although the US dollar was off its earlier lows on the back of a mixed jobs report. Key data to watch from the US in the week ahead include CPI and retail sales.
GBP/USD analysis: Mixed NFP report sends dollar lower – Forex Friday
Friday's US non-farm payrolls report (NFP came in mixed-to-slightly weak when you consider the revisions and wages, causing the dollar to weaken further. The GB/USD could be heading to 1.30 in the week ahead when we have lots of data from both the UK and US to look forward to.
Euro to US dollar analysis: EUR/USD heading to 1.10?
EUR/USD rallies after dovish comments from Powell and Lagarde supported a risk rally, causing the DAX and S&P 500 to hit fresh record highs ahead of NFP data on Friday and CPI next week. EUR/USD technical analysis suggests rates are heading to 1.10 handle.
GBP/USD, GBP/JPY forecast: Forward returns around the UK Budget
The UK spring budget is set to be released tomorrow. And if GBP/USD follows its general pattern around this budget, it could be in for a tough few days - starting from today.
USD/CAD analysis: Currency Pair of the Week – March 4, 2024
The US dollar is steady after Friday’s drop. We have BOC rate decision, Powell testimony and NFP jobs report among the macro highlights for this week.