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Will the BoJ Save the Yen and Sink GBP/JPY?

Weak UK retail sales and GDP data has put pressure on the British pound. Rumors suggest the Bank of Japan (BoJ) may hike rates next week, which could impact the Yen and GBP/JPY. On shorter timeframes (daily and hourly), there's potential for a bounce and retest of broken trendlines, with resistance levels around 191.50 and 193.00. Most Read: Global Market Outlook 2025: Trends, Risks, and Opportunities for Traders The British pound remains under pressure following a surprisingly weak retail

17-01-2025 06:15 GMT by Zain Vawda

GBP/USD slips after soft UK retail sales

The British pound is lower on Friday. In the European session, GBP/USD is currently trading at 1.2201, down 0.27% on the day.

17-01-2025 05:25 GMT by Kenneth Fisher

GBP/JPY Technical: Bearish breakdown from 4-month range

Japan’s overnight swap rates have indicated rising odds of a BoJ interest rate hike next week. JPY crosses have lost upside momentum in the last four weeks; the weakest among the G-10 is the GBP/JPY. A potential looming medium-term downtrend phase has kickstarted for GBP/JPY. This is a follow-up analysis of our prior report “USD/JPY: Yen strength elements emerged ahead of BoJ meeting next week” published on 16 January 2025. Click here for a recap. In the run-up to next Friday, 24 January, the

17-01-2025 05:05 GMT by Kelvin Wong

AUD/USD dips as Aussie jobs data sparkles, US retail sales dip

The Australian dollar is showing little movement on Thursday, after a three-day rally in which the Aussie rose 1.3%. In the North American session, AUD/USD is trading at 0.6218, down 0.12% at the time of writing. Australia adds 56.3 thousand jobs Australia's labor market continues to hum and has been a bright light in an otherwise weak economy.

16-01-2025 11:49 GMT by Kenneth Fisher

UK GDP less than expected, pound edges lower

The British pound has edged lower on Thursday. In the European session, GBP/USD is currently trading at 1.2205, down 0.22%. UK GDP posts weak gain of 0.1% The UK economy climbed out of negative growth for the first time in three months but not by much.

16-01-2025 06:25 GMT by Kenneth Fisher

USD/JPY: Yen strength elements emerged ahead of BoJ meeting next week

Hawkish speeches from BoJ officials coupled with a softer US core CPI print for December put an interim ceiling on US dollar strength against the yen. The leading 10-year yield spread of the US Treasury note against the JGB has staged a bearish breakdown condition.

16-01-2025 05:09 GMT by Kelvin Wong

US CPI matches estimate, UK CPI falls unexpectedly

Join OANDA Market Analyst Kenny Fisher & 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. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets.

16-01-2025 04:38 GMT by Kenneth Fisher

Aussie rises after US core CPI declines to 3.2%

The Australian dollar is higher for a third consecutive trading day. In the North American session, AUD/USD is trading at 0.6233, up 0.63% at the time of writing. US headline CPI rises to 2.9%, core CPI eases to 3.2% The US inflation report for December was a mixed bag, as headline CPI rose while the core rate declined.

15-01-2025 10:23 GMT by Kenneth Fisher

Bitcoin (BTC/USD) vs. Nasdaq: Is the Correlation Affecting Crypto Outflows?

Bitcoin has recovered from a sharp selloff earlier in the week, rising from around 89000 to nearly 98500 post CPI. ETF flow data shows three consecutive days of net outflows for Bitcoin as correlation with Nasdaq grows. Could a Trump Presidency lead to significant capital inflow into Bitcoin in 2025? Technically, Bitcoin is at a critical juncture breaking the 50-day moving average and eyeing the 100k handle. Most Read: Gold (XAU/USD) Price Tug-of-War Continues. Breakout Incoming?

15-01-2025 08:51 GMT by Zain Vawda

UK inflation lower than expected, Sterling shrugs

The British pound is showing limited movement on Wednesday. In the European session, GBP/USD is currently trading at 1.2224, up 0.11%. UK inflation softer than expected The UK's annual inflation rate eased slightly in December 2024, dropping to 2.5% from 2.6% in November.

15-01-2025 07:16 GMT by Kenneth Fisher

Gold (XAU/USD) Price Tug-of-War Continues. Breakout Incoming?

Gold prices are currently in flux thanks to the US Dollar, global trade uncertainties, and geopolitics. A softer-than-expected US PPI release caused a temporary jump in Gold prices. The upcoming US CPI release is a key event that could trigger a significant move in Gold prices.

14-01-2025 11:33 GMT by Zain Vawda

BOJ to discuss rate hike, yen dips lower

The yen remains calm and is lower on Tuesday. In the North American session, USD/JPY is trading at 157.98, up 0.34% on the day. US inflation expected to rise There are no tier-1 events out of Japan this week and the yen is having a relatively quiet week.

14-01-2025 11:02 GMT by Kenneth Fisher

AUD/USD steady as consumer sentiment slips lower

The Australian dollar is showing little movement on Tuesday. In the European session, AUD/USD is trading at 0.6174, down 0.06% at the time of writing. Australian consumer sentiment declines for second straight month The Australian consumer remains pessimistic about the economic outlook.

14-01-2025 08:16 GMT by Kenneth Fisher

US Inflation: PPI, CPI Release Dates, DXY Analysis & Market Impact

The US Dollar Index (DXY) is awaiting US inflation data (PPI and CPI), with PPI data releasing on Tuesday, January 14, and CPI on Wednesday, January 15. Tariff rumors from the Trump team have caused a pause in the US Dollar's rise. Key support for the DXY is at 109.57, with resistance at 110.00; a break above 110.00 could signal a move towards 111.00.

14-01-2025 06:34 GMT by Zain Vawda

Nasdaq 100 Technical: Weak market breadth with tightening liquidity is a deadly concoction

The recent three-week slide in the Nasdaq 100 has almost wiped out its post-US presidential gains. The persistent uptrend of the 10-year US Treasury yield has made US equities unattractive and overvalued as measured by the S&P 500 Shiller excess CAPE yield. 20,790 remains the key downside trigger level for the Nasdaq 100. This is a follow-up analysis of our prior report “Nasdaq 100 Technical: At risk of staging a multi-week corrective decline” published on 20 December 2024.

14-01-2025 05:55 GMT by Kelvin Wong

AUD/USD stabilizes after post-NFP slide

The Australian dollar has started the week quietly. In the North American session, AUD/USD is trading at 0.6151, up 0.07% at the time of writing. Earlier, the Australian dollar fell as low as 0.6130, its lowest level since April 2020. It was another rough week for the Australian dollar, which declined 1.7% last week.

13-01-2025 11:32 GMT by Kenneth Fisher

Brent Crude - Oil Advances on Russian Sanctions. Will the 100-day MA Cap Gains?

Oil prices rose due to new US sanctions on Russian oil and tankers. The Kremlin warned these sanctions could destabilize global energy markets. Indian 'sources' stated it would avoid purchasing Russian oil from sanctioned entities and vessels. Markets are assessing the potential for a supply shock and whether OPEC+ will increase output.

13-01-2025 09:29 GMT by Zain Vawda

AUD/USD: Aussie bears have taken a foothold reinforced by longer-term US Treasury yield premiums

A higher 10-year yield premium of the US Treasuries over Australian sovereign bonds has reduced the attractiveness of the Aussie dollar as a “high-yielding” currency. Deflationary risk in China coupled with potential higher trade tariffs policy from the US has reinforced recent languish movements in the Iron Ore CFR China futures. Major bearish breakdown in AUD/USD with next medium-term support at 0.6030/5990. This is a follow-up analysis of our prior report “AUD/USD: Surviving at the 0.6360 k

13-01-2025 06:42 GMT by Kelvin Wong

Markets Weekly Outlook - Fed Policy in Focus as US Inflation Lies Ahead

Strong US Jobs Report Impacts Fed Expectations with some analysts now predicting no cuts at all. The S&P 500 experienced a sell-off, breaking below key support levels and raising concerns about further potential downside. US inflation and retail sales data will be crucial in shaping market expectations for future monetary policy. In addition to US data, the week ahead includes key economic releases from China, UK and Australia.

10-01-2025 11:35 GMT by Zain Vawda

Japan's household spending declines, yen edges higher

The yen is slightly higher on Friday. In the European session, USD/JPY is trading at 157.89, down 0.12% on the day. Japan's household spending continues to decline Japanese consumers are holding tight on the purse strings and that could spell tr0uble for Japan's fragile economy.

10-01-2025 05:17 GMT by Kenneth Fisher

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