James Stanley
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USD/ILS to Seven-Year High; Gold, Oil Rally as Geopolitical Tension Jumps
Markets started the week on edge as geopolitical tensions have increased, leading to a bounce in both gold and oil prices.
USD Price Action: SPX, Rates, EUR/USD, USD/JPY, USD/CAD, Gold
There’s been quite a bit of change since the FOMC rate decision last week and some markets are showing that more than others, begging the question as to whether there’s some re-pricing that’s left to be seen.
US Dollar Fresh 2023 Highs as Yields Drive the DXY Trade
US Treasury yields have shot to fresh highs after last week’s FOMC meeting and this has helped the US Dollar to continue it’s bullish trend after ten consecutive weeks of gains to set a fresh 2023 high. US Dollar bulls have awoken in Q3 as 10-year yields drive to fresh 15-year highs.
The Fed Wrestles with Rate Expectations as USD Bulls Continue Push
US Treasury rates jumped this week as the Fed cut their forecasted rate cuts from next year down to two from four, and with US data retaining strength the question remains as to how much more they’ll need to hike before inflation is truly tamed.
USD/JPY, EUR/JPY, GBP/JPY: Pullbacks Ahead of the BoJ
It’s been a big week for global markets and it’s not over yet, with the Bank of Japan rate decision scheduled for later today.
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Euro Price Outlook: EUR/USD Support Bounce Ahead of Inflation, FOMC
EUR/USD has been selling off since setting its current high two months ago and it’s a big week for the pair as European inflation data leads into the FOMC rate decision on Wednesday.
US Dollar Technical Forecast: EUR/USD, GBP/USD, Gold, USD/JPY
The focus shifts to the Fed next week, with the big question as what the bank sees on the horizon for the rest of the year. US data has remained hot but there are minimal expectations for any actual moves next week.
Gold Prices Test Key Support as USD Strength Drives to Fresh Highs
Gold prices are testing a massive spot of support above the 1900 handle, even as the US Dollar jumps to fresh highs. Can gold bulls turn a support test into a swing?
USD/JPY: Resistance Holds at 147.69 as Intervention Threat Remains
USD/JPY bulls have remained persistent even with a rising risk of intervention out of Japan, but a line in the sand has appeared.
Pre-CPI US Dollar Price Action Setups: EUR/USD, Gold, USD/JPY
The US Dollar is holding near resistance ahead of high-impact data, with tomorrow’s CPI release followed by the Thursday ECB rate decision, and then next week’s FOMC meeting.