
Forex, Gold and Oil Outlook: FX Crosses May Have the Edge
Major forex pairs lack conviction, but FX crosses may offer better opportunities. Matt Simpson examines forex, gold and crude oil markets.
Expertise: FX Macro, Technical Analysis, Sentiment
Trading Style: Mean reversion/inflection points, the occasional trend
Experience:

Major forex pairs lack conviction, but FX crosses may offer better opportunities. Matt Simpson examines forex, gold and crude oil markets.

Yen bulls piled into futures ahead of the BOJ's hawkish hold, while euro shorts reached an 11-year extreme despite EUR/USD holding above support.

AUD/USD faces a pivotal week as an expected RBA hike, US midterm elections and nonfarm payrolls test the Australian dollar's recovery.

EUR/USD short squeeze gathers pace as US Treasury yields retreat, despite strong GDP and sticky inflation. Fed and ECB policy expectations remain in focus.

ASX 200 futures approach 9,000 despite a sharp retail selloff. Weakening consumer demand and elevated inflation complicate the outlook ahead of the RBA.

The BoC hikes rates to 2.5% and upgrades its inflation outlook despite weak employment. Could further tightening put AUD/CAD under pressure?

Australia's hot Q3 CPI strengthens RBA November hike expectations, but weaker employment and sentiment complicate the outlook for 2027.

USD/JPY stalls at resistance as EUR/JPY forms a falling wedge. Fed, ECB and BOJ rate expectations could determine the yen's next move.

Gold bulls defend $4,000 as prices rebound across major currencies. But a strong US dollar, elevated oil prices and the Fed could limit gains.
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