
USD/JPY Tests 160.00 – Breakout or Fake Out?
USD/JPY has tested above the 160 level for the first time in two months. And near immediately, price retreated 100 pips before buyers loaded in and backed up the bid.

USD/JPY has tested above the 160 level for the first time in two months. And near immediately, price retreated 100 pips before buyers loaded in and backed up the bid.

Sterling’s failed recovery has GBP/USD closing in on critical trend support, with the next weekly close poised to shape the November outlook.

U.S. stocks are opening lower on Thursday after Nvidia shares plunged 7% pulling the broader market lower as investors also weigh up the potential impact on the wider AI trade.

A sharp reversal from critical support has revived USD/CAD bulls, with a major resistance test now in focus that could determine the fate of the recovery.

While the issue is as idiosyncratic as it gets, Nvidia’s turmoil may nonetheless have broader market implications for the Nasdaq 100 and AI trade as a whole.

The recovery for major indices this week has helped repair much of the technical damage inflicted by last week’s sell-off, but the latest developments with Nvidia suggest investors are not quite ready to put the underlying risks behind them. The Nasdaq 100 led other US index futures lower overnight, with falls of around 0.8%.

The Bitcoin selloff is being driven by hot U.S. inflation data, a Democratic midterm sweep that stalls the CLARITY Act and heavy ETF outflows.

GBP/USD falls for a third day despite stronger GDP data. Gold falls as dollar gains on Fed rate hike expectations.

The GBP/AUD breakout follows a Reserve Bank of Australia rate hike paired with a signal of a prolonged pause, draining support from the Aussie.

The ASX 200 nears record highs as sector rotation gathers pace. Could the RBA be nearing peak rates, and will resistance at 9200 trigger a pullback?

Gold's sensitivity to the US dollar is approaching historical extremes, while its reaction to the latest Treasury yield shock ranks among the most severe in decades.

Could the US dollar rally accelerate? Matt Simpson examines the outlook for DXY, AUD/USD, EUR/USD and gold, plus key technical levels across forex markets.

A historic repricing of US interest rate expectations has propelled the dollar higher, leaving GBP/USD testing a crucial support level ahead of UK GDP.
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