James Stanley

Markets started the week on edge as geopolitical tensions have increased, leading to a bounce in both gold and oil prices.

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.

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.

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.

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 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 bulls have remained persistent even with a rising risk of intervention out of Japan, but a line in the sand has appeared.

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.

EUR/USD fell hard and fast, but a reversal starting on the final day of May has so far held through June. Can EUR/USD bulls make this into anything more than a pullback?

The trend in USD/JPY has started to bend and the dip in US Treasury Yields has been notable, but is there also anticipation of change around the Bank of Japan?

The US Dollar has put in a big move over the past three weeks – but can it continue?

EUR/USD sellers have started to take control, but the move has priced in very quickly with a fresh low showing ahead of a long holiday weekend in the United States.

The US Dollar has continued to show strength and EUR/USD is testing a key spot of support at 1.0750. Can Dollar bulls continue to drive FX trends?

EUR/USD had started to trend lower over the past couple of weeks but has since run into a key spot of support. Can sellers continue to push for a fresh trend?

EUR/USD has held at resistance through April and into May and last week’s loaded calendar led to a doji on the weekly bar for the pair. US CPI is on deck as the next major USD driver.

It was a busy week in the headlines, but the US Dollar has stuck to its recent range, as did EUR/USD, even as GBP/USD tests a fresh breakout.

The US Dollar has continued in a range-bound fashion this week but notably, hasn’t yet taken-out double bottom support. But there remains some heavy headline risk on the docket for Friday trade.