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Yen, Euros and dollar currency bills and notes

USD/JPY, DAX Forecast: Two trades to watch

USD/JPY rises despite the BoJ hiking rates and ahead of the Fed's rate decision tomorrow. The DAX struggles for direction ahead of wage growth and German ZEW economic sentiment data.

Downward trend

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.

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Today 03:55 PM
Federal reserve name plaque on building

Bad news for long bond bulls following bearish break

Long bond bulls will not like the message coming from the recent price action in the TLT ETF, warning of the potential for higher yields and increased capital losses. With little technical support below where it currently sits, it places even more importance on the Fed chooses to signal this week.

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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.

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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.

Oil drilling in sea

Crude oil analysis Strong Chinese demand fuels rally

Crude oil analysis: China set to import record volumes of Russian oil in March, as oil extends weekly breakout ahead of a busy week for financial markets.

Forex trading

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.

Multiple Euro bank notes in 20€, 50€ and 100€

EUR/USD, FTSE Forecast: Two trades to watch

EUR/USD looks to Eurozone inflation data ahead of the FOMC rate decision. FTSE struggles on central bank jitters, and after China data,

Oil refinery

Crude oil consolidates bullish break, gold heavy after record run

How many rate cuts the Federal Reserve signals for 2024 could have an outsized impact on how commodities such as crude oil and gold perform longer-term.

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USD/CAD weekly forecast: Pair could rise further with CAD CPI, Fed rate decision due

USD/CAD rose last week and could extend those gains towards 1.36 as attention turns to Canada CPI and the Federal Reserve monetary policy meeting.

EUR/USD weekly outlook: Early stalemate before Fed fireworks begin

It’s going to be a massive week for EUR/USD traders with major central central bank decisions, inflation updates from around the world, flash PMIs to sink your teeth into along with a busy ECB speaking calendar. But in the end, one event will likely override all others: the Federal Reserve’s March FOMC interest rate decision.

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March 17, 2024 07:00 AM
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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.

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March 17, 2024 01:00 AM
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Gold Price Forecast: XAU/USD Massive Bull Run Holding Near ATH

Gold has been extremely bullish since last October’s open and as the Fed’s retained a dovish stance the yellow metal has forced a massive breakout. The big question now is whether it can continue.

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March 16, 2024 01:00 PM
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USD bears scramble, USD/JPY eyes breakout after US data: Asian Open

US dollar bears scrambled for cover following hot US economic data ahead of next week’s Fed meeting, helping USD/JPY rise to a 5-day high and eye a potential breakout today.

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March 15, 2024 09:23 AM
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Big session for ASX bulls as uptrend support gives way

Friday looms as an important day on the directional risks for Australia’s ASX 200 with futures puncturing through uptrend support overnight dating back to when the Fed pivoted away from rate hikes in early November. Recent history suggests it may pay to wait to see whether the break sticks.

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March 15, 2024 09:07 AM
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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.

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March 15, 2024 03:28 AM
Energy

Crude oil analysis: WTI breaks $80 barrier

Factors supporting oil price include optimism over China, bullish forecast from IEA and general strength in commodities.

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USD/JPY, DAX Forecast: Two trades to watch

USD/JPY forecast: The pair rises ahead of a drop in US data. DAX forecast: The German index rises to a new all-time high.

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GBP/USD, gold in focus for US PPI, retail sales: European Open

GBP/USD has formed a bearish reversal pattern beneath a failed breakout level, and gold looks set to retrace lower ahead of US PPI data.

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March 14, 2024 04:24 PM
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Hold your horses before buying copper’s bullish break

Those considering buying the break may want to look at copper’s lousy track record when it’s been this overbought on the four hourly chart in the past.

WTI crude oil looks set to break $80: Asian Open – March 14, 2024

After several weeks of choppy trading conditions, momentum has turned higher on WTI crude oil and a breakout above $80 is on the radar.

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March 14, 2024 09:19 AM
Gold nuggets

Gold, silver and copper analysis: Metals rally on China optimism and weaker dollar

Gold, silver and copper all rally as US dollar drops despite hot inflation, with base metals finding additional boost from optimism about Chinese demand. Silver analysis suggests the grey metal could be in for more gains, while gold analysis point to a new record high.

USA flag

NASDAQ 100 Forecast: QQQ muted ahead of more data tomorrow

US stocks point to a muted start after yesterday's rally. Investors have shrugged off hotter-than-forecast inflation and remain firm that the Fed will cut rates in the June meeting. US economic data is in short supply today. Attention will be on retail sales and producer prices later in the week. Oil prices pop on an upbeat demand outlook from OPEC.

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March 14, 2024 12:20 AM