The Australian dollar has started the week with gains. AUD/USD touched a high of 0.6850, its highest level this year.
23-09-2024 10:14 GMT
by Kenneth Fisher
Forex: all news & analysis
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USD/JPY failure to have a clear break below 140.25 coupled with BoJ Governor Ueda’s cautious rhetoric has increased the odds of a mean reversion rebound.
A swift increase in large speculators’ net bullish open positioning in the JPY futures market to a 5-year high makes the USD/JPY vulnerable to a short squeeze.
Watch the key medium-term resistance zone of 146.90/149.30 on the USD/JPY.
This is a follow-up analysis of our prior report “JPY crosses face another round of potential downside pressur
23-09-2024 06:31 GMT
by Kelvin Wong
The euro has started the trading week with considerable losses. EUR/USD is trading at 1.1103 in the European session at the time of writing, down 0.50% on the day.
23-09-2024 06:07 GMT
by Kenneth Fisher
Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world.
23-09-2024 05:11 GMT
by Kenneth Fisher
The Canadian dollar is steady on Friday. In the European session, USD/CAD is trading at 1.3573 at the time of writing, up 0.12% today.
20-09-2024 06:42 GMT
by Kenneth Fisher
The US dollar has posted sharp gains on Friday. In the European session, USD/JPY is trading at 143.85, up 0.88% at the time of writing.
20-09-2024 05:49 GMT
by Kenneth Fisher
https://open.spotify.com/episode/6vto0FOobgtl2c9c0hxZV4?si=a2f30a54c6a54365
20-09-2024 05:09 GMT
by Kenneth Fisher
The Australian dollar has posted sharp gains on Thursday. AUD/USD rose as much as 1% before paring most of those gains.
19-09-2024 10:10 GMT
by Kenneth Fisher
The British pound has extended its gains on Thursday. In the European session, GBP/USD is trading at 1.3282, up 0.53% on the day.
19-09-2024 05:51 GMT
by Kenneth Fisher
The New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.6211 at the time of writing, up 0.44% on the day.
Fed set to cut rates
Federal Reserve meetings are traditionally predictable affairs and don’t move the needle of the financial markets.
18-09-2024 13:38 GMT
by Kenneth Fisher
The euro is calm on Wednesday. EUR/USD is trading at 1.1125 in the North American session at the time of writing, up 0.11% today.
Fed poised to lower rates
The Federal Reserve meets later today and it’s looking like a coin toss as to whether the Fed will lower rates by 25 or 50 basis points.
18-09-2024 12:49 GMT
by Kenneth Fisher
The British pound has gained ground on Wednesday. In the European session, GBP/USD is trading at 1.3224, up 0.48% on the day.
UK core inflation surprises to the upside
First, the good news.
18-09-2024 06:47 GMT
by Kenneth Fisher
The Japanese yen is down sharply on Tuesday. USD/JPY is up 0.73% today, trading at 141.64 in the North American session at the time of writing.
17-09-2024 10:31 GMT
by Kenneth Fisher
The Canadian dollar is showing limited movement on Tuesday. Early in the North American session, USD/CAD is trading at 1.3601 at the time of writing, up 0.10% today.
Canada’s CPI declines more than expected
Canada’s inflation rate dropped to 2% in August.
17-09-2024 09:41 GMT
by Kenneth Fisher
The euro has posted strong gains on Monday. EUR/USD is trading at 1.1126 in the North American session at the time of writing, up 0.49% today.
16-09-2024 11:23 GMT
by Kenneth Fisher
The New Zealand dollar has started the new trading week with strong gains. NZD/USD is up 0.55% today, trading at 0.6191 in the European session at the time of writing.
NZ Services PMI improves
New Zealand’s services sector hasn’t shown growth in sixth months but there was a bit of positive news today as the services PMI improved to 45.5 in August, up from an upwardly revised 45.2 in July.
16-09-2024 07:03 GMT
by Kenneth Fisher
Federal Reserve's Upcoming Decision: Markets are split on whether the Fed will cut rates by 25 or 50 bps.
Key data releases from China, Japan, the UK, and the US will shape market sentiment and potentially set the tone for Q4 2024.
The DXY is nearing a critical support level, and its direction could determine the US Dollar's trajectory ahead of the US election.
Read More: Germany 30 Technical: A potential bearish reversal looms
Week in Review: Market Participants Left with More Questions
As t
13-09-2024 14:06 GMT
by Zain Vawda
The New Zealand dollar is slightly lower on Friday after sharp gains a day earlier. NZD/USD is trading at 0.6163 at the time of writing, down 0.27% on the day.
13-09-2024 08:17 GMT
by Kenneth Fisher
The CME FedWatch tool has suggested a total of 250 bps Fed funds rate cuts through September next year, to bring the Fed funds rate to 2.75%-3.00%.
An upbeat BoJ’s monetary policy statement next Friday may trigger another round of JPY strength.
Watch the key levels of 83.80 and 91.60 on the NZD/JPY.
This is a follow-up analysis of our prior report “JPY crosses face another round of potential downside pressure as NFP looms” published on 6 September 2024. Click here for a recap.
13-09-2024 07:28 GMT
by Kelvin Wong
The euro has extended its gains on Friday. EUR/USD is trading at 1.1091 in the European session at the time of writing, up 0.13% today.
13-09-2024 05:08 GMT
by Kenneth Fisher