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japan_05

USD/JPY spikes higher post BOJ, but be wary of false moves above 158

Traders are clearly keeping a close eye on the 158 handle after USD/JPY spiked up to it. Note that we're yet to see a daily close above 158 since late April, which landed one day before the MOF first intervened this year.

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Today 05:42 AM
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AUD/USD looks set to pop higher, Nikkei and Nasdaq diverge

Forex markets mostly retraced against Wednesday's CPI and FOMC moves. And that may have set AUD/USD up nicely for a cheeky long into the weekend. The Nikkei however is down for a third day after failing below key resistance levels.

japan_06

Japanese yen carry trades receive boost from Fed, US CPI: GBP/JPY, NZD/JPY setups

Soft US inflation and stability in the Fed interest rate outlook point to an ideal environment for renewed upside in Japanese yen FX crosses, assuming prevailing conditions don't shift meaningfully. GBP/JPY and NZD/JPY are two pairs on the radar.

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Yesterday 05:18 AM

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USD/JPY rattled within range post Fed, AUD/USD rallies with Wall Street

We expected a particularly volatile session on Wednesday, and it did not disappoint. Although not all moves were clear cut. New highs for Wall Street and a lower USD helped AUD/USD surge. Yet like USD/JPY, resistance looms.

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June 12, 2024 11:39 PM
Bank notes of different currencies

EUR/USD, gold key levels heading into US inflation, FOMC

The incoming US inflation report and FOMC meeting are highly anticipated events, as they can shape expectations for Fed policy beyond 2026. Volatility is expected, so we look at key levels for EUR/USD and gold ahead of these events.

Federal_reserve

USD/JPY, Nikkei pause at resistance as US CPI, FOMC looms: Asian Open

The next 24 hours will be the eight time in 10 years that a US CPI report lands on the same day as an FOMC meeting, and it has traders on tenterhooks. Today we look at USD/JPY, Nikkei 225 and the ASX 200.

DAX forecast dims amid fallout from EU elections

We have seen further widening of the bond yield spreads between German and French debt today. Investors are clearly worried about a sustained period of political uncertainty and are therefore seeking haven assets and reducing their risk exposure.

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June 11, 2024 02:30 PM
united_kingdom_05

GBP/USD: Fading UK wages, unemployment data given bigger risk events ahead

GBP/USD looks set to remain in the trading range it’s been stuck in for weeks despite the arrival of wages and unemployment data from the UK later Tuesday, with traders likely to fade any significant moves ahead of the Fed interest rate decision and US inflation report on Wednesday.

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June 11, 2024 04:34 AM
aus_09

AUD/USD climbs sheepishly from its lows, bear flag on ASX 200

Quiet trade (outside of euro pairs) allowed AUD/USD to drift higher despite the stronger USD. But with US CPI and FOMC looming, I doubt this is the ‘real move’ and further downside beckons.

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June 10, 2024 11:40 PM
inflation_05

US CPI Preview: Base Effect Could Boost USD/JPY, Core Reading Key Ahead of Fed

Ahead of CPI and the Fed, USD/JPY’s year-to-date uptrends remains intact after a bounce from support in the 155.00 area last week.

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June 10, 2024 08:06 PM
Forex trading

EUR/USD forecast: Currency Pair of the Week - June 10, 2024

The markets have reacted negatively with both the CAC and euro falling following European elections turmoil and France's decision to call a snap election. Markets generally don't like uncertainty and not when far-right parties are making gains across Europe, especially in Austria, Italy and Germany.

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EUR/USD, EUR/GBP: A volatile start to week to bears’ delight

Euro pairs gapped lower at Monday's Asian open on news of Macron's snap election following painful election results for the left. EUR/USD broke beneath its 200-day EMA and EUR/GBP fell to a 22-month low.

Research

USD, GBP/USD, Gold, Crude Oil Analysis: COT report

Traders may have reduced net-long exposure to USD futures in aggregate, but they remain net-long and a bullish reversal week formed on the USD index. We also take a look at GBP/USD, gold, WTI crude oil and US indices positioning (S&P 500, Dow Jones, Nasdaq 100).

aus_05

AUD/USD weekly outlook: June 10th 2024

AUD/USD suffered its worst day in five weeks on Friday after a strong NFP report saw the USD wipe out a week's worth of losses in just two hours.

EUR/USD Weekly Forecast: Did the ECB Jump the Gun on Rate Cuts?

EUR/USD is holding below its rising trend line and the 50-day EMA in the 1.0820 region, hinting at the potential for more downside in the coming week.

united_kingdom_03

GBP/USD forecast: Fed dot plot, US inflation set to shake things up

The Federal Reserve June FOMC meeting and US consumer price inflation for May look set to dictate directional risks for GBP/USD this week, overriding anything on the UK calendar including Britain’s unemployment report. Risks look skewed to the downside.

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June 8, 2024 09:00 PM
USD_GBP_EUR

EUR/USD, USD/CHF probe pivotal levels, implied volatility spikes

The USD has remained under pressure thanks to softer data on aggregate prompting refreshed bets of a Fed cut in September. But with EUR/USD and USD/CHF stalling at key levels, traders may need to brace for a dollar bounce.

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June 7, 2024 07:39 AM

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USD/JPY could be caught in the crossfire of FOMC, BOJ: The Week Ahead

With a key US inflation report being delivered less than six hours ahead of an FOMC meeting, it leaves plenty of potential for volatile swings leading into the headline event of the week. The Bank of Japan also announce their monetary policy decision, which puts USD/JPY onto the radar for currency traders.

Forex trading

EUR/USD Forecast: ECB Cuts, Focus Shifts to US NFP, CPI, and FOMC

In this article, we are discussing the latest EUR/USD movements as the ECB cuts rates and focus shifts to US NFP, CPI, and FOMC. Stay updated on the modestly bullish trend and technical analysis insights on this pair.

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June 6, 2024 06:05 PM
Jobs

NFP Preview: US Dollar Bounce Potential if Jobs Data Doesn’t Disappoint

NFP leading indicators point to a slightly above expectation reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 175-225K range.

aus_03

AUD/USD and bullish price action above .6680 are incompatible right now

Considering the exuberance in markets, the Aussie dollar should be flying. Rate cuts are here, there and everywhere, boosting prospects for a soft economic landing. But the Aussie dollar looks more like the Pacific peso, floundering without really going anywhere.

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June 6, 2024 07:42 AM
Bank notes of different currencies

EUR/USD, EUR/JPY look ready to rip despite an anticipated ECB rate cut

The ECB are likely to perform a widely telegraphed rate cut, odds of a Fed cut have increased and futures traders are becoming increasingly bullish on EUR/USD. Beyond the meeting, the path of least resistance could be higher.

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June 6, 2024 04:06 AM
Market chart showing uptrend

NZD/USD: Kiwi bulls and bears set to dual it out at key resistance level

Rampant risk appetite fueled by lower US bond yields and a softer US dollar has NZD/USD on track to test of stubborn resistance zone it’s struggled to overcome in the past. Given the exuberant mood markets are in, if the Kiwi can’t break higher now, when will it ever?

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June 6, 2024 03:37 AM