News and analysis
- All
- Forex
- Commodities
- Crypto
- Shares
- Indices
- Newest
- Popular
USD/CNH: AUD, NZD, JPY face hammering if Asia’s FX anchor comes loose
If you trade Asian currencies like the Japanese yen, Australian or New Zealand dollar, you should always keep a close eye on what’s happening in the Chinese yuan. You’re doing yourself a disservice if your not.
US dollar stabilises ahead of Powell, PPI, USD/JPY eyes 157: Asian Open
The US dollar has regained its footing heading into a Powell speech and US PPI report, whilst USD/JPY looks set to break resistance and head for 157.
Gold forecast remains positive as metal eases on profit-taking
Today’s 1% drop in gold prices appears to be driven by profit-taking, as it comes amid a quiet day for data and follows a decent 2.5% rally last week. However, our gold forecast remains bullish, with the precious metal potentially heading towards its third consecutive month of gains.
Trade ideas
Dow Jones Forecast: DJIA extends last week's gain ahead of Fed speakers
US stocks are set to continue the recent bullish run as treasury yields fall and attention turns to Wednesday's CPI report. Dow Jones posted its best weekly performance since December last week, supported by earnings and signs of a weaker labour market. US Fed speakers are in focus today ahead of Wednesday's CPI report, Recent Fed speakers have supported the view that rates may need to stay high for longer.
GBP/USD forecast supported ahead of key US data – Currency Pair of the Week
GBP/USD has been supported by stronger UK GDP ahead of wages data on Tuesday. Meanwhile, the US dollar has been hit by signs of cooling labour markets ahead of key inflation data on Wednesday. GBP/USD technical analysis points higher after breaking a bearish trend.
Oil, EUR/USD Forecast: Two trades to watch
Oil struggles after mixed China data and on Fed rate cut uncertainty. EUR/USD inches higher with Fed speakers & US CPI data in focus.
Futures traders reduce yen speculation after BOJ intervention: COT report
With asset managers and large speculators trimming long and short exposure to yen futures, their appetite to speculate on the currency appears to be waning after BOJ interventions.
AUD/USD: Cracks in Australia’s business outlook are starting to show
The latest NAB Business survey revealed a big slowdown in hiring in April, with new orders also declining at the fastest pace in several years. Importantly, the weakness coincided with a noticeable deceleration in up and downstream price pressures.
NZD/USD: New Zealand economic downturn worsening ahead of key RBNZ inflation survey
While that keeps the prospect of a near-term rate cut from the Reserve Bank of New Zealand on the table should inflationary pressures suddenly subside, for now, movements in NZD/USD continue to be dictated by sentiment on what the Federal Reserve may do with US interest rates in the months ahead.
AUD/USD weekly outlook: Patiently awaiting a breakout
The prospects of a weaker US dollar are growing which brings a potential breakout on the cards for AUD/USD, although it has some tough levels to crack first.
Nikkei 225, Hang Seng forecast: Tables are turning for Asia’s stock market giants
Japan’s Nikki 225 and Hong Kong’s Hang Seng have been like chalk and cheese coming out of the pandemic. As one surged, the other floundered. But the tide looks to be turning, and fast.
British Pound Forecast: GBP/USD Enters a Key Period With Everything to Play For
GBP/USD slipped last week on a moderately dovish BOE – what should traders be watching this week?
USD/JPY analysis: Will MoF/BoJ intervene again as focus turns to US CPI?
Investors will be looking forward to the release of Consumer Price Index (CPI) on Wednesday, which is going to be the next big catalyst for the dollar and markets in general. The USD/JPY outlook could change dramatically should Japan intervene again.
Recommended topics
Forex news and analysis
Shares news and analysis
Commodity news and analysis
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.cityindex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.