The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2913 in the North American session, down 0.15% on the day.
23-07-2024 12:05 GMT
by Kenneth Fisher
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The euro has posted gains on Tuesday. In the North American session, EUR/USD is trading at 1.0847, down 0.40% on the day at the time of writing.
In the US, today’s data was a disappointment.
23-07-2024 10:43 GMT
by Kenneth Fisher
The FTSE 100 is currently consolidating, trading within a range, with the possibility of a significant breakout.
Glencore and Anglo American experiencing declines while Compass reports strong revenue growth.
23-07-2024 06:55 GMT
by Zain Vawda
The Japanese yen has edged higher on Monday. USD/JPY is trading at 157.11 in the North American session, down 0.16% on the day at the time of writing.
22-07-2024 12:14 GMT
by Kenneth Fisher
USD/CAD is nearing a breakout after being range-bound since April, potentially driven by falling oil prices and a weakening Canadian Dollar.
The Bank of Canada (BoC) is expected to cut rates this week due to rising unemployment, falling consumer spending, and slowing GDP per capita.
However, the rate cut may already be priced in, limiting its impact on USD/CAD.
Most Read: Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility
USD/CAD is back at the top end of the wedge pa
22-07-2024 11:24 GMT
by Zain Vawda
A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September.
Republican presidential nominee Donald Trump’s betting odds have slipped after US President Biden decided to bow out of the US Presidential Election race.
A resurgence of Trumponomics that may be challenged which in turn may lead to a US dollar mixed-bag to negative environment in the short term.
Another daily close below 156.50 on the USD/JPY may trigger a multi-week correct
22-07-2024 06:09 GMT
by Kelvin Wong
The Australian dollar is coming off a rough week with losses of 1.45% and the downtrend has continued on Monday. AUD/USD is trading at 0.6664 in the European session, down 0.30% on the day at the time of writing.
22-07-2024 05:34 GMT
by Kenneth Fisher
Increased geopolitical tensions in the Middle East and US election uncertainty have caused a rise in safe-haven demand, particularly for Gold.
The US Dollar has weakened due to concerns about a potential Kamala Harris presidency and its implications on the economy.
Market sentiment is expected to be driven by US election developments and geopolitical issues in the first half of the week.
22-07-2024 04:20 GMT
by Zain Vawda
This week, markets were influenced by trade war fears, US political developments, and a global cyber outage.
In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data.
Next week, US PCE and GDP data, along with Euro Area and UK PMI data, and potential Chinese economic measures will be key drivers of market volatility.
The Nasdaq 100's weekly chart shows a potential evening star candlestick pattern, hinting at further downside.
Read More: JPY
19-07-2024 11:53 GMT
by Zain Vawda
The British pound has slightly lower on Friday. GBP/USD is trading at 1.2922 in the North American session, down 0.17% on the day.
19-07-2024 10:29 GMT
by Kenneth Fisher
The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3717, up 0.08% on the day at the time of writing.
19-07-2024 06:05 GMT
by Kenneth Fisher
Japanese authorities have not confirmed whether they have intervened in the market to support the Yen.
USD/JPY broke a long-term descending trendline but found support near the 100-day MA and 155.00 level.
Price Action outlook and potential setups on USD/JPY and GBP/JPY.
Most Read: EUR/USD Rallies Toward Key Confluence Zone Amid Accelerating DXY Selloff
Fundamental Overview
The Japanese Yen is enjoying a stellar week thanks in part to optimism around wage growth as well as rising rate cut optim
18-07-2024 10:09 GMT
by Zain Vawda
The euro has edged lower on Thursday. Early in the North American session, EUR/USD is trading at 1.0919, down 0.18% on the day.
18-07-2024 09:50 GMT
by Kenneth Fisher
The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6736 in the European session, up 0.10% on the day, up 0.1% at the time of writing.
Job growth shines but unemployment rises
Australia’s employment report for June was a mix, leaving investors scratching the heads.
18-07-2024 06:09 GMT
by Kenneth Fisher
The Australian dollar is steady on Wednesday. AUD/USD is trading at 0.6743 early in the North American session, up 0.08% on the day.
Australia releases the June employment report early on Thursday.
17-07-2024 09:56 GMT
by Kenneth Fisher
The recent 4-week rally of EUR/CHF from 19 June has started to show signs of exhaustion.
The ongoing weakness of the France CAC 40 has triggered a negative feedback loop towards EUR/CHF.
Watch the 0.9780 key short-term resistance on the EUR/CHF.
17-07-2024 08:22 GMT
by Kelvin Wong
Eurozone inflation remained stable at the end of Q2 2024, with core inflation for services and non-energy goods unchanged at 4.1% and 0.7% respectively.
EU services inflation remains persistently high and is unlikely to decrease significantly in the near future. A challenge for the ECB?
EUR/USD is approaching a key resistance zone around 1.0950 ahead of the ECB meeting, which could be pivotal for sustained bullish momentum.
Most Read: Gold (XAU/USD) Hits Record High of $2465/oz Despite Positive
17-07-2024 06:39 GMT
by Zain Vawda
The British pound continues to roll and is up for a sixth straight day. GBP/USD is trading at 1.3038 in the European session, up 0.51% on the day.
17-07-2024 05:44 GMT
by Kenneth Fisher
Gold prices reach a new record high of $2465/oz, driven by post-CPI and rate cut optimism.
Despite a resurgent US Dollar, gold's upward momentum remains strong, briefly dipping before rallying to new highs.
June's US retail sales figures and an upward revision of May's data had minimal impact on gold's rally and market expectations for Fed rate cuts.
16-07-2024 12:17 GMT
by Zain Vawda
The New Zealand dollar has posted sharp losses for a second successive day. NZD/USD is trading at 0.6042 in the North American session, down 0.54% on the day at the time of writing.
16-07-2024 11:52 GMT
by Kenneth Fisher