EUR/USD Technical Outlook: Is EUR/USD Poised for Potential 800-pip Rally?EUR/USD has seen a recent rally driven by market reactions to the incoming Trump administration. A divergence exists between technical analysis, suggesting further upside potential, and fundamental factors, pointing towards potential weakness due to policy divergence between the ECB and ...
NZ inflation unchanged, NZ dollar under pressureThe New Zealand dollar dropped as much as 0.5% earlier today but has recovered. In the European session, NZD/USD is trading at 0.5684, up 0.10% on the day. New Zealand inflation unchanged at 2.2% New Zealand CPI, released quarterly, was ...
Cand. dollar hits 34-month low but recoversThe Canadian dollar is having a roller-coaster week. After posting massive gains of 1.2% on Monday, the Canadian dollar fell as much a 1.4% earlier on Tuesday but has almost completely recovered. In the North American session, USD/CAD is trading ...
USD Index (DXY): Dollar Recovers as Tariffs Take Center StagePresident Trump’s comments about potential tariffs on Canada and Mexico by February 1st caused increased market volatility and risk aversion. The US Dollar Index (DXY) experienced significant price swings due to uncertainty and shifting information. Tariffs are seen as potentially ...
Pound slips as UK payrolls slideThe British pound continues to show sharp swings this week. After a spectacular 1.3% gain on Monday, GBP/USD has reversed directions and is trading at 1.2233 in the European session, down 0.68% on the day. UK payrolls slump, wage growth ...
CAD/JPY Technical: Trump’s shock and awe trade policy manoeuvre erased CAD gainsYesterday’s ex-post Trump’s inauguration speech US dollar sell-off has started to reverse course. In less than 24 hours after adopting a milder trade tariffs plan towards US major trading partners, Trump has changed his stance to mention that 25% trade ...
Pound soars on report that Trump will delay tariffsThe British pound started the day with light gains but has soared in the North American session. GBP/USD is currently trading at 1.2290, up 1.06% on the day. US financial markets are closed for Martin Luther King Day and Donald ...
Gold (XAU/USD) Price Steady On Inauguration Day, the Calm Before the Storm?Gold prices found stability above $2700/oz after an initial drop. Historically, gold prices saw an initial two-day rally followed by a decline after Trump’s 2017 inauguration, driven by safe-haven demand and uncertainty. Technically, gold appears to be in a “wait ...
USD/JPY calm in holiday tradeThe yen is almost unchanged on Monday. In the European session, USD/JPY is trading at 156.37, up 0.06% on the day. We can expect a quiet day, as the US observes Martin Luther King Day and Donald Trump will be ...
Markets Weekly Outlook – Trump 2.0 Takes Flight as BoJ Decision LoomsIt was a strong week for US stocks and gold, with the S&P rising about 3% by the end of the week. Markets are bracing for potential volatility and policy surprises as Donald Trump is inaugurated as US President. The ...
China’s GDP beats forecast, Aussie shrugsThe Australian dollar has edged lower on Friday. In the European session, AUD/USD is trading at 0.6198, down 0.22% at the time of writing. Will strong China numbers boost the Aussie? There was good news out of China on Friday, ...
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 ...
GBP/USD slips after soft UK retail salesThe British pound is lower on Friday. In the European session, GBP/USD is currently trading at 1.2201, down 0.27% on the day. The pound can’t find its footing and is down 2.5% in January and a massive 8.8% since October ...
GBP/JPY Technical: Bearish breakdown from 4-month rangeJapan’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 ...
AUD/USD dips as Aussie jobs data sparkles, US retail sales dipThe 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 ...
UK GDP less than expected, pound edges lowerThe 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 ...
USD/JPY: Yen strength elements emerged ahead of BoJ meeting next weekHawkish 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 ...
US CPI matches estimate, UK CPI falls unexpectedlyJoin 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 ...