APAC session

Was last week’s Nasdaq and Russell 2000 rally driven by politics or something deeper in the rates market? Unpack the signals behind the big US stock market surge.

The correlations between AUD/USD, the yuan and USD remain in play. But with the latter two stalling at important resistance levels, perhaps AUD/USD could achieve a bounce.

USD/JPY’s usual ties to Treasury yields are wilting, leaving the pair at the mercy of Trump’s tariff moves and the BoJ’s rate decision. With key levels in play and volatility brewing, this will set you up for the week ahead.

Copper and iron ore are on a tear, smashing through resistance levels heading into China’s latest data dump. With key levels in play and Trump’s trade policies looming, could the rally have more fuel in the tank?

Inflation hedges shine despite a strong dollar and elevated yields, but with key resistance levels in play, the Trump tariff threat looms as a make-or-break moment.

The Japanese yen was again the strongest currency, which rose against all of its FX major peers. Looking through the charts suggests there could be further downside for USD/JPY and AUD/JPY.

Concerns over rising inflationary pressures were building as we headed towards the end of 2024. And the rapid acceleration of crude oil prices this year is doing nothing to alleviate those concerns.

AUD/USD edges higher as a strong jobs report questions the need for RBA rate cuts. Could this be the spark for a breakout, or will resistance keep the Aussie in check?

They may have come close to testing the limits of my bearish bias, but we finally saw momentum turn south for EUR/AUD and the ASX 200. However, with Wall Street indices looking steady above key support levels, a cheeky bounce could be due before the anticipated losses resume.

Gold and silver’s early 2025 rally hit a wall, with surging yields and a stronger dollar likely contributing to sharp reversals on Monday. As key support levels come into play, we look at potential trade setups.

China’s central bank is stepping in to slow the yuan’s slide, moving to boost overseas borrowing. While the adjustment offers short-term relief, USD/CNH bulls remain in control as the focus shifts to US inflation, China’s data dump, and Trump’s looming tariff threats. Can Beijing hold the line, or is a push to fresh highs inevitable?

Another strong NFP report sent AUD/USD to a 4-year low on Friday, which was already under pressure following renewed bets of RBA cuts thanks to a soft CPI print for Australia. AU jobs and US CPI are the key data points for Aussie traders this week.

I doubt we’ll be seeing too much weakness in December’s NFP figures later today, and that could prompt another bid for the USD. But with Trump likely to revive his disdain for a strong dollar, perhaps a pullback is not too far away.

While I suspect gold is in for another good year, the gains seen so far in January wreak of a false initial move to my eyes. And with NFP potentially knocking out decent figures, I’m on the hunt for a swing high.

Bond yields and AUD/USD had a different take on today's inflation figures. And on this occasion, I believe forex traders are in the right. And if the Aussie can withstand the strength of the US dollar, it could bode well for bears seeking a cheeky EUR/AUD short.

The ASX 200 looks like it could be setting up for a dip lower, but whether it is a big or small dip is likely down to whether Wall Street holds above its December lows.

The latest batch of ISM reports have been released for December, and they’re not looking good for rate cuts. And that's keeping the USD supported and AUD/USD under pressure.