FX

Share: USD/JPY surges to a YTD high of 141.91, though failure to surpass 142.00 could trigger a sell-off. The rising wedge pattern sparks uncertainty as USD/JPY nears key resistance. Japanese FX intervention may influence future USD/JPY direction. USD/JPY soared more than 1% on Friday due to safe-haven flows and a jump in US Treasury bond

Share: The USD/CAD dipped to a multi-month low of 1.3188, last seen in September 2022. Rising Oil prices and risk appetite give traction to CAD. Hawkish Fed speakers limit the pair’s upside potential. On Friday, the USD/CAD continued its downward momentum dropping to a low of 1.3188 and its set to confirm a 150 pips weekly

Share: EUR/USD rally curtailed following the ECB rate hike and hawkish remarks from central bankers. US Consumer Sentiment improves, supporting a stronger USD; Eurozone inflation slows as expected. Hawkish stances by both ECB and Fed officials hint at potential further tightening. Upcoming key events include the German May PPI, the EU’s General Council meeting, and

Share: EUR/USD advances to new highs around 1.0970 on Friday. The continuation of the upside retargets the 1.1000 hurdle. EUR/USD maintains the bullish outlook well and sound for the fifth consecutive session on Friday, this time hitting new 5-week tops around 1.0970. Further gains remain well on the table for the time being. Against that,

Share: Natural Gas consolidates the biggest daily jump in a month by retreating from three-week high. RSI conditions favor pullback moves from 3.5-month-old resistance line. April’s top restricts immediate downside, 50-EMA appears the key support. Natural Gas Price (XNG/USD) prints the first daily loss in five as it eases from the highest levels in three

Share: Initial Jobless claims totaled 262,000 in the week ending June 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The print follows the previous week’s 261,000 (revised to 262,000) and came in above market expectations of 249,000. It matches the highest reading since October 2021.  “The 4-week moving

Share: Gold Price clings to mild gains while snapping three-day downtrend. Federal Reserve’s hawkish halt defends XAU/USD bulls despite upbeat FOMC announcements. China data-dump, United States Retail Sales eyed for clear directions of the Gold Price. XAU/USD bears keep poking 100-DMA as bulls struggle to keep the reins. Gold Price (XAU/USD) stays defensive around $1,945

Share: Pound Sterling has shown a vertical upside post a comparative analysis of the UK’s economic prospects from other nations. More interest rate hikes by the BoE seem possible as UK’s inflationary pressures are extremely stubborn. UK’s labor wages showed more persistence as firms are offering higher payouts to offset labor supply shortage. The Pound Sterling (GBP) has

Share: EUR/USD prods two-day winning streak by reversing from the highest levels since late May. Mostly downbeat German, EU data fails to lure bears as US inflation challenges Fed’s rate hike. Hopes of witnessing hawkish guidance from US central bank highlights economic forecasts, dot-plot and Powell’s speech. Eurozone Industrial Production, US PPI may entertain Euro

Share: EUR/USD adds to Monday’s gains and surpasses 1.0800. Further upside could dispute the 55-day SMA near 1.0880. EUR/USD extends the bullish momentum north of the 1.0800 hurdle on Tuesday. A more serious bullish attempt is expected to put the transitory 55-day SMA at 1.0878 to the test ahead of the weekly peak at 1.0904

Share: US Dollar Index struggles to extend the previous day’s corrective bounce off three-week low, snaps two-day winning streak. Markets remain nearly sure of witnessing no rate hike from Fed in June but concerns about July stay dicey. Bond market moves, challenges to sentiment prod DXY bears ahead of the key US CPI. Core CPI

Share: EUR/USD rebound extends but gains through low 1.08s needed to extend, economists at Scotiabank report. Investors continue to scoop it up on minor corrections EUR gains from the late May low point have extended a little more as investors continue to scoop it up on minor corrections. Gains perhaps need to extend a bit

Share: AUD/USD picks up bids to refresh intraday high but stays sluggish at the highest level in a month. RBA’s hawkish surprise joins dovish Fed bias to propel Aussie pair prices. Australian markets are off due to the King’s Birthday. Concerns about US inflation, Fed moves will be important for near-term directions. AUD/USD renews intraday

Share: EUR/GBP falls to a 9-month low as ECB approaches its peak rate and the BoE is ready to continue tightening. The pair signals oversold conditions on the daily chart for the first time since 2021. Weak economic data from Italy and Germany contribute to Euro’s decline.. The EUR/GBP pair has recently witnessed a substantial

Share: Silver price hits a four-week high at $24.52 but retraces to $24.26. For bullish continuation, XAG/USD must breach $24.49 resistance, opening the path to $25.00 per troy ounce. XAG/USD’s failure to crack $24.49 could lead to further losses, with potential dips to $24.01 and $23.63. Silver price reaches a new four-week high but retraces

Share: A busy week lies ahead with meetings from the Fed, ECB, and BoJ, as well as key data from the US on inflation and retail sales, and employment numbers from Australia and the UK. Central bank decisions and economic figures will pose a challenge for equity markets and the US Dollar. Here is what

Share: GBP/USD climbed to a new four-week high at 1.2590 on Friday. However, it dipped toward the 1.2570s area after a softer-than-estimated Canadian jobs report cemented the case for a Federal Reserve skip in the upcoming monetary policy meeting. The GBP/USD is trading at 1.2576, up 0.14%, set to finish the week with gains of more than

Share: Economists at the National Bank of Canada discuss EUR outlook.  Narrowing in policy appears less likely Tepid growth and waning inflation could be harbingers for an ECB staying its hand on restricting policy further. But real rates in the Eurozone remain largely accommodating and a still decent labour market combined with high inflation should