Bitcoin bounces in style as Wall Street hits new highs
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USD/JPY, DAX Forecast: Two trades to watch
USD/JPY falls post-CPI & with jobless claims up next. DAX reaches record high as US CPI euphoria spreads.
GBP/USD: Trade setups for today’s important US jobless claims update
US jobless claims data will garner far more interest than usual later Thursday as traders assess whether last week’s unusually large increase was an anomaly or start of a new trend. Testing a key level on the charts, two-way risk created by the data makes GBP/USD a pair to keep on the radar.
Bitcoin bounces in style as Wall Street hits new highs
On Tuesday I outlined a bullish case for bitcoin futures whilst prices remained above $60k. One soft US CPI and retail sales report later, bullish range expansion has most certainly kicked in.
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USD/JPY, DAX Forecast: Two trades to watch
Today 08:03 AM
GBP/USD: Trade setups for today’s important US jobless claims update
Today 05:34 AM
Bitcoin bounces in style as Wall Street hits new highs
Today 02:36 AM
AUD/USD, AUD/JPY: Soft jobs report extinguishes risk of further RBA rate hikes
Today 02:13 AM
AUD/USD breaks out, USD/JPY rolls over amidst worst day of 2024 for USD
Yesterday 11:22 PM
AUD/USD, AUD/JPY: Soft jobs report extinguishes risk of further RBA rate hikes
With unemployment spiking and broader measures of labour market slack increasing, the risk of strong wages growth sparking renewed inflationary pressures looks to have past.
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AUD/USD breaks out, USD/JPY rolls over amidst worst day of 2024 for USD
The US dollar suffered its worst day of the year and Fed fund futures now imply with near certainty that the Fed will cut by September. And that saw AUD/USD breakout in style and USD/JPY roll over, breaking below two handles on Wednesday.
It’s time to reassess the US dollar outlook
With US economic data delivering negative surprises at rates not seen over a year, with signs disinflationary forces are growing, it’s time for a rethink on the outlook for the US dollar. The era of selling rips rather than buying dips may be upon us.
Silver analysis: Precious metal about to break $30 barrier
Following the release of more disappointing US data, silver now looks poised to hit that key $30 level and potentially rise far beyond that level, if the recent gains by gold and copper are anything to go by.
EUR/USD, DAX Forecast: Soft US Data Drives EUR/USD Higher and DAX to Record
The 1-2 combination of soft CPI and retail sales has driven EUR/USD higher and sent the DAX to fresh record highs.
Crude Oil Analysis: Stuck Between US Inflation, OPEC Policies, and Chinese Demand Potential
Crude Oil Analysis: supply and demand metrics lie at a critical juncture with OPEC meeting expectations leaning towards an unchanged policy
Nasdaq 100 Forecast :QQQ rises towards record highs after CPI cools
US stocks are rising, heading back towards record higher after US CPI data cooled for the first time in six months in April. US CPI rose 0.3% MoM in April, below the 0.4% rise forecast. US retail sales were also weaker than expected at 0%. The data sent treasury yields and the USD lower while boosting stocks. The meme-stock euphoria was also showing signs of cooling.
Gold forecast boosted by weaker US dollar ahead of CPI
How is the metal likely to react to today’s CPI data? Well, it may not be quite straight forward as I have explained in this article. CPI is expected to have moderated in April to 3.4% y/y from 3.5% previously.
EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD rises ahead of US inflation data, Eurozone GDP figures. USD/JPY falls with US data in focus & on intervention warnings.
USD could rally if CPI doesn’t soften from elevated levels: EUR/USD, AUD/USD
The US dollar continued to weaken ahead of today's US CPI report, helping EUR/USD and AUD/USD move towards key resistance levels. Yet traders will require a soft set of inflation figures for the pairs to stand any chance of breaking resistance.
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