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Forex Friday

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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.

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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.

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USD/JPY analysis: Forex Friday – February 23, 2024

The US dollar remains fundamentally supported, especially against lower-yielding JPY, although it has not been doing so great lately against other major currencies thanks to the positive risk appetite, with US equity markets surging to record highs. The week ahead features the RBNZ rate decision, as well as US GDP and Core PCE among other highlights.

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February 23, 2024 12:30 PM

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US Dollar analysis: More inflation data looming - Forex Friday

Dollar Index was testing a key support level as focus turns to PPI inflation after a hot CPI earlier this week. US dollar was hurt by weak retail sales on Thursday, but rising import costs is inflationary. The week ahead features global PMIs among a handful of other macro data releases.

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EUR/USD outlook: Forex Friday – February 9, 2024

Welcome to another edition of Forex Friday. In this week’s report, we will discuss the US dollar, upcoming data releases from the US next week, and why we think the EUR/USD is heading lower. In short, a sluggish Eurozone economy is holding back the euro, while hawkish Fed keeps US dollar underpinned ahead of CPI and retail sales and other data highlights next week.

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February 9, 2024 10:50 AM
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US dollar analysis: NFP trounces expectations - Forex Friday

NFP trounces expectations at +353K vs. +185K expected. USD/JPY and bond yields jump, gold drops .Light macro events in week ahead.

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Gold and Dollar analysis: Forex Friday – January 26, 2024

Thanks to the positive risk tone across financial markets, the US dollar has struggled to hold onto its gains made in response to mostly positive data showing a resilient economy. Yet, it hasn’t sold off either, with many traders expecting the FOMC and its Chairman Jerome Powell to push back against early rate cut bets next week. For this exact reason, gold has been unable to find any lasting support, with traders happy to take quick profits in either direction.

Forex trading

EUR/USD and dollar analysis: Forex Friday – January 19, 2024

EUR/USD is holding above the 200-day average amid improved risk appetite with Nasdaq hitting a record high. The US dollar rally pauses ahead of UoM Consumer Sentiment survey, and next week’s key events that include include the ECB rate decision, global PMIs, US GDP and core PCE price index.

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January 19, 2024 12:30 PM
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Dollar and Gold analysis: Forex Friday – January 12, 2024

The big news so far today has been centred around geopolitical risks in the Middle East after military strikes by air and sea targeted 16 Houthi positions overnight. The news sent crude oil up 2.5% and gold found haven flows to climb more than 1% to above $2050. The US dollar was finding a bit of support on haven demand after failing to hold onto its gains the day before, despite a stronger-than-expected inflation report.

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EUR/USD analysis: Dollar extends positive 2024 start ahead of NFP – Forex Friday

EUR/USD analysis: Boost from Eurozone PMI offset by drop in German retail sales, as focus turns to US non-farm payrolls report. EUR/USD technical analysis point to short-term weakness, although long-term bull trend still intact.

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January 5, 2024 11:30 AM
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USD/JPY analysis: NFP beats and dollar rebounds ahead of busy week – Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week's edition, we will discuss the US dollar in light of the NFP beat, and ahead of next week's key macro events.

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December 8, 2023 02:20 PM
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US dollar analysis: EUR/USD, NZD/USD - Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week's edition, we will discuss the US dollar, EUR/USD and NZD/USD ahead of next week's key macro events.

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US dollar, EUR/USD and GBP/JPY analysis - Forex Friday

The big story this week has been on the inflation front, with CPI in the US and UK both falling faster than expected, cementing expectations that the Fed and other central banks will no longer raise rates further. With a couple of other key US economic pointers also coming in weaker this week, such as industrial production and jobless claims data, as well as a sharp drop in oil prices, this has led to speculation that the Fed may start cutting rates sooner than expected in 2024

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November 17, 2023 11:40 AM
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EUR/USD and GBP/USD analysis in focus - Forex Friday

Following Thursday’s bullish reversal in the dollar on the back of a soft 30-year Treasury auction and hawkish comments by Powell, the key question is whether those gains will last. I don’t think the Fed Chair said anything out of the ordinary, although that’s not to say the dollar won’t necessarily rise further. I mean, you wouldn’t expect him to turn decisively dovish just on the back of a couple of weaker data points.

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November 10, 2023 11:00 AM
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Dollar analysis: NFP puts EUR/USD and AUD/USD in focus - Forex Friday

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 dollar’s outlook and how the upcoming data releases could impact the direction of major pairs like the EUR/USD and AUD/USD.

Forex trading

Dollar analysis: DXY, EUR/USD outlook in focus – Forex Friday

It has been a tumultuous and eventful week for the global financial markets. The ongoing situation in the Middle East has triggered a surge of volatility in the oil and stock markets, compelling investors to re-evaluate their strategies and shift their focus from riskier assets to “safer” investments.

Forex trading

Dollar analysis: EUR/USD among pairs hurt by geopolitical risks – Forex Friday

The key theme on Friday has been this: geopolitics is driving everything right now. Safe haven gold was up $35 per ounce on the session, crude oil prices had risen nearly 4% and yields were lower amid haven flows into government bonds. Worries that Israel is preparing for a ground invasion of Gaza has sharply raised geopolitical risks in the region.

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October 13, 2023 04:30 PM

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Dollar analysis: Has Dollar Index Peaked? - Forex Friday

It is all about the nonfarm payrolls report and the dollar today. The NFP data will be responsible for the short-term direction of the US dollar and bond yields, before the focus turns to the FOMC meeting minutes and inflation data next week.

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October 6, 2023 12:00 PM
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Euro to Dollar Analysis: EUR/USD could suffer from rising oil prices - Forex Friday

Despite softer Eurozone inflation and German retail sales data, the EUR/USD climbed for the second day in the first half of Friday’s session. It was supported because of firmer risk tone across financial markets, driven by a weakness in US dollar and global bond yields. But rising oil prices are among reasons that could prevent the EUR/USD from rising much further.

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September 29, 2023 12:30 PM
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Dollar analysis: EUR/USD, GBP/USD and Yields in focus – Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus the US dollar, EUR/USD and GBP/USD. The dollar index eyes March high and set to close higher for 10th consecutive week, with BoJ inaction and rising crude oil prices providing additional boost for greenback.

Forex trading

Dollar Analysis: EUR/USD, GBP/USD and DXY in focus - Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus the US dollar, EUR/USD and GBP/USD ahead of next week’s key events: FOMC and BoE rate decisions.

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September 15, 2023 12:30 PM
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AUD/USD holds 64c, bonds retrace post CPI, jobs up next: Asian Open

US CPI was higher than expected, although bond yields pulled back in what could be a sign that investors are more concerned over a recession compare with a 'soft landing' for the US. But if yields continue to pull back it might take some steam out of the dollar rally. And that could help AUD/USD, which has remained reliant to breaks below 64c.

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September 13, 2023 11:05 PM
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Dollar analysis: DXY, EUR/USD, Gold and USD/CAD in focus – Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus the US dollar, gold, USD/CAD and EUR/USD, ahead of next week’s key events: US CPI and ECB policy decision.