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Gold eyes record highs as traditional headwinds mysteriously subside
It’s hard not to like gold in an environment of heightened geopolitical tension, soaring government budget deficits and elevated mining costs.
USD/JPY stalls near 150, can EUR/JPY or GBP/JPY breakout?
USD/JPY has been a particularly tricky pair to trade with its small daily ranges beneath a big resistance level. But with key economic data from the US, a Powell speech and next week's BOJ meeting in the pipeline, it can't stay trapped there for ever. Besides, forex trading can be like a fine wine, as a currency needs to be paired wisely to heighten its trading potential. And that has placed EUR/JPY and GBP/JPY into focus for potential setups.
AUD/USD, EUR/AUD: Elevated China pessimism becomes Aussie dollar bullish
AUD/USD has been given every opportunity to continue spiraling lower recently and hasn’t. Perhaps there's a message in that?
EUR/USD suffers its worst weekly run in 26 years ahead of FOMC
EUR/USD fell for 9th week by Friday's close, its worst weekly run since 1997. Yet whilst that could mean it is 'owed' a bounce, history suggests such bearish runs are later accompanied by further losses, as macro themes can trump technicals during such times. And that places this week's FOMC meeting into focus, where we discuss the likelihood that it might be more dovish than markets currently are pricing in.
AUD/USD finds itself at a technical juncture ahead of Jackson Hole
The Jackson Hole symposium, an annual economic policy conference sponsored by the Federal Reserve Bank of Kansas City, has arrived. And Jerome Powell's speech will be the highlight. We look at what impact it could have on AUD/USD.
GBP/USD outlook: US inflation and BOE meeting to drive the pound
US inflation and Thursday's BOE meeting are key events for GBP/USD traders to keep an eye on, ahead of the UK's data dump on Friday.
EUR/USD outlook: Euro nears YTD high after US CPI and FOMC minutes
The US dollar was the weakest major on Wednesday, allowing EUR/USD to close in on its YTD high. But can it break such a milestone upon its first retest?
What to do when there is carnage on the currency floor?
With volatility and headline risk remaining high, we take a look at some of the key drivers and how to approach the currency market under such conditions.
The Aussie dollar gets stunned as unemployment hits an 8-month high
December’s employment report raised a few eyebrows, as it was the first in a while to miss expectations and prompted us to question whether cracks were appearing in the economy. January’s report suggests there are.
Traders hedge the Nasdaq’s rally during a typically volatile month
We noted that futures traders are increasingly net-short the Nasdaq, and that February has been the most volatile months for the index over the past five years.
Is the USD/JPY bearish move becoming ‘long’ in the tooth?
Shorting USD/JPY is not a new idea, and as the pair has erased around half of its 21-month rally, we see the potential for a bounce over the coming weeks.
Futures traders load up on AUD longs (despite falling prices)
With prices falling whilst futures traders increase their bullish exposure to the Australian dollar, we’re keen to see if it can hold above 0.73 and form a countertrend bounce.