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USD/JPY hints at market top, ASX 200 ready for lift off? Asian Open

With yen futures at a sentiment extreme, hawkish comments from the BOJ hint at a top for USD/JPY. And with ASX 200 futures hitting a record high ahead of the NY close, a break above 7700 is now in focus.

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Yesterday 10:17 PM
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AUD, NZD in focus for AU CPI and RBNZ meeting: Asian Open

Data finally begins to pick up for the week with an AU CPI report and RBNZ meeting, which places NZD/USD and AUD/NZD into focus.

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February 27, 2024 09:45 PM

AUD/USD snaps 8-day rally, ASX remains rangebound near its highs

Momentum finally turned lower on AUD/USD after its 8-day rally met resistance at the 200-day EMA.

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February 26, 2024 09:55 PM

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AUD/USD falters at the 200-day MA, ASX 200 eyes record high

AUD/USD rose for a seventh day yet left a prominent reversal candle at the 200-day EMA. Positive sentiment for the stock market could see the ASX 200 retest or even break to a new record high.

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February 22, 2024 09:43 PM
Research

AUD/JPY nears 17-month high, ASX 200 looks set to bounce: Asian Open

AUD/JPY has fast approached a pivotal level to hint that an eventual breakout could be on the cards, even if not immediately. The ASX 200 looks sets to bounce after positive earning from Nvidia lifted Wall Street futures after market hours.

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February 21, 2024 10:21 PM
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Australia’s ASX 200 vulnerable on shakeout of soft-landing bets

Having been a major benefactor from the soft-landing narrative, the combination of higher global interest rates and stretched valuations has Australia’s ASX 200 index under pressure.

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February 14, 2024 02:44 AM
Currency exchange rate board of multiple currencies

USD/JPY breaks 150 as bulls eye 152, AUD/USD seems on track for 64c

US inflation data was broadly higher than expected, which triggered well defined moves in favour of the US dollar and to the detriment of all else. Whilst USD/JPY and AUD/USD could retrace from their overextended moves seen on Tuesday, 152 and 64c seem like viable targets for them respectively.

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February 13, 2024 09:56 PM
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EUR/USD falters at 1.08 on CPI-eve, USD/JPY remains buoyant: Asian Open

EUR/USD snapped a 4-day winning Streak around a key resistance zone, and USD/JPY traded less than 50-pips from 150 ahead of a key YS CPI report.

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February 12, 2024 10:08 PM
Research

S&P 500 taps 5k record, ASX futures to extend bull-flag breakout?

The S&P 500 tapped 5k for the first time ever. But do traders have the appetite to extend its trend heading into the weekend? For now, our focus is on a bull flag pattern on the ASX 1-hour chart.

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February 8, 2024 10:16 PM
Research

S&P 500 hits record high, futures hint at break above 5,000

The S&P 500 reached a fresh record high and stopped just 5 points short of the 5,000 milestone thanks to strong earnings. But futures charts and market positioning suggest the S&P cash market could break higher.

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February 7, 2024 10:38 PM
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AUD/USD firms post RBA, ASX 200 eyes on China for sentiment

The RBA held their cash rate at 4.35% for a third meeting but decided not to remove their slight tightening bias from the statement, warning that “a further increase in interest rates cannot be ruled out”.

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February 6, 2024 10:37 PM
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USD extends its lead on hot ISM report, RBA up next for AUD, ASX traders

An inflationary ISM report saw bets of multiple Fed cuts reduced to send the US dollar index to an 11-week high. If the RBA come out with a dovish meeting today, AUD/USD could be headed for 64c.

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February 5, 2024 10:19 PM
Close-up of market chart showing downtrend

US dollar rallies, S&P 500, Dow Jones and Nasdaq tumble post FOMC

The Fed held rates and ruled out a March cut, which saw the S&P 500 suffer its worst day since September, the Nasdaq 100 falling around -1.8% and the Dow Jones form a bearish outside day at its record high. USD/JPY still looks good for a run to 150 to my technical eyes.

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January 31, 2024 10:13 PM
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AUD/USD falls, ASX probes record high on soft CPI figures, RBA-cut bets

Australia’s Q4 data report will be warmly welcomed for those calling for RBA cuts, with all headline data points coming in beneath expectations.

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January 31, 2024 01:31 AM

AUD/USD, ASX 200 caught in the crossfire of AU CPI and FOMC: Asian Open

Today’s Australian CPI report could be the difference between markets bringing forward expectations of an RBA cut or repricing a hike. And with an FOMC meeting looming, AUD/USD and the ASX 200 could be facing a bout of volatility.

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January 30, 2024 09:50 PM
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Gold futures hint at bullish reversal, ASX futures rise for eighth day

A double bottom pattern has formed on gold futures above $2000 to hint at a bullish reversal. We also note that the ASX 200 futures market rallied for an eight consecutive day, but does it have enough fuel in the tank to break above its YTD high?

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January 29, 2024 10:25 PM
Research

USD/JPY holds ground heading into FOMC, breakout pending? Asian Open

Looking across the FX major pairs, USD/JPY appears to have the best odds of a breakout sooner than later, given its strong rally from the December.

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January 28, 2024 10:31 PM

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Research

US dollar bulls resurface, ASX 200 tests well for today: Asian Open

The US dollar shows the potential to continue higher despite a wall of key moving averages. And according to forward returns analysis, the two days prior to Australia Day tend to bode well for the ASX 200.

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January 23, 2024 10:25 PM
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ASX 200 priced for perfection nearing tricky technical test

Australia’s ASX 200 is rallying for a fourth session on the back of big gains in banks, healthcare and record highs on Wall Street, seeing it approach what some may declare to be a “death zone” for bulls based on price action of recent years.

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January 23, 2024 01:22 AM
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AUD/USD bears return, USD/JPY in focus for BOJ: Asian Open

Commodity currencies hint towards a risk off tone, with NZD/USD leading the way lower and AUD/USD looking set to follow. USD/JPY is also in focus for today's BOJ meeting.

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January 22, 2024 10:21 PM
Research

ASX 200 forecast: Forward testing the ASX 200 around Australia Day

Forward returns look at the historical performance of an asset around key dates or times. In this article, we look at how the ASX 200 has performed in the three days before and after Australia day.

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January 22, 2024 06:15 AM
Graph showing a slow uptrend

Crude oil, ASX 200 look ripe for a bounce: Asian Open

An averted government shutdown, AI optimism and firmer economic data helped push Wall Street higher which could benefit the ASX 200 today, and oil also perked up on upwardly revised demand outlooks.

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January 18, 2024 09:56 PM

AUD/USD suffers its worst 3-day run, Ominous day for the Nikkei: Asian Open

Appetite remained sour on Wednesday, and that has been a clear drag on AUD/USD ahead of today’s employment report.

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January 17, 2024 10:26 PM