Currencies
BoJ, USD/JPY AnalysisBoJ Deputy Governor issues dovish reassurance to volatile marketsUSD/JPY rises after dovish comments, providing temporary reliefBoJ minutes, Fed speakers and US CPI data on the horizon Recommended by Richard Snow Get Your Free JPY Forecast BoJ Deputy Governor Issues Dovish Reassurance to Volatile MarketsBank of Japan (BoJ) Deputy…
FX Analysis: USD/JPY, AUD/JPYMarkets show relief after yesterday’s global sell-offUSD/JPY sell-off pauses, but threat of the carry trade unwind remainsAUD/JPY embodies the risk off trade within the FX space Recommended by Richard Snow Get Your Free JPY Forecast Markets Show Relief after Yesterday’s Global Sell-offThe effects of yesterday’s global sell-off…
Gold and Silver – Technical and Sentiment AnalysisGold remains rangebound but sentiment is bearishSilver remains under pressure, support may be tested Recommended by Nick Cawley Get Your Free Gold Forecast For all high-importance data releases and events, see the DailyFX Economic CalendarGold prices are inching upward, recovering about half of…
Nasdaq 100 rout intensifiesAt one point this morning the Nasdaq 100 was expected to open 1000 points lower in the cash session.The index has gapped lower, and is now trading below the 200-day SMA for the first time since March 2023. All gains since the beginning of May have been…
Risk Aversion Sets inSigns of panic emerge via the VIX and well-known fear gaugeJapan posts a worrying start to the week for risk assetsWill the Fed be forced into front-loading the rate cutting cycle? Recommended by Richard Snow Get Your Free Equities Forecast Signs of Panic Emerge via The VIX…
NFP, USD, Yields and Gold AnalysedA disappointing 114k jobs were added to the economy in July, less than the 175k expected and prior 179k in June.Average hourly earnings continue to ease but the unemployment rate rises to 4.3%USD continues to trend lower as do US treasuries while gold receives a…
Nasdaq 100 slumps to recent lowsWednesday’s gains were wiped out in a dramatic reversal on Thursday, which took the index right back to the lows of the week around 18,600.If 18,600 is broken the lows from the end of May at 18,187 are the next level to watch. While the…
BoE, GBP, FTSE 100, and Gilts AnalysedBoE voted 5-4 to lower the bank rate from 5.25% to 5%Updated quarterly forecasts show sharp but unsustained rise in GDP, rising unemployment, and CPI in excess of 2% for next two yearsBoE cautions that it will not cut too much or too often,…
FTSE 100 at two-month highThe price has enjoyed a strong week, with further gains yesterday taking it to a two-month high after it broke higher at the end of last week.The record high is in sight once more, and the uptrend is firmly in place. It would need a reversal…
Gold, Oil Rally Sharply as Middle East Tensions Escalate: US FOMC, NFPs NearGold rallies on haven bid as Middle East tensions escalate.Oil jumps on supply fears.FOMC meeting later today may cement a September rate cut. Recommended by Nick Cawley Trading Forex News: The Strategy For all high-importance data releases and…
