US Dollar Price Action Setups: USD/JPY, USD/CAD, EUR/USD, GBP/USD, Gold
The US Dollar has rallied since last week’s rate hike and USD/JPY remains a massive driver across the USD complex.
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S&P 500 Bull Flag Breakout as Long-Term Yields Ease
The fear on the long end of the Treasury curve has taken a step back even as two-year notes saw a massive jump in yield last week. But looking at stocks rallies appear set for resumption with the bull flag in the S&P 500 giving way to an early-week breakout.
Stocks Rally After the Rate Hike but is a Lagging Nasdaq Saying Something?
The response to the rate hike was a strong Thursday outing but ever since Kevin Warsh took over atop the Fed there’s been a shift in equity markets.
USD Price Action Setups: USD/JPY, EUR/USD
The USD closed red last week despite a seemingly bullish backdrop but it made up for it this week, driven by a strong breakout in USD/JPY.
USD/JPY 155.00 Bounce into the BoJ
A hike is widely expected tonight but like the Fed yesterday, the bigger question is what else might be in store.
USD Trades at Seven-Week High After FOMC
The USD broke out after the rate hike announcement but perhaps the bigger question to USD trends is what the Bank of Japan does later tonight.
Nasdaq and S&P 500 into the Fed
It’s a delicate balancing act for Kevin Warsh at today’s FOMC meeting where the bank is highly expected to raise rates for the first time in three years. The Nasdaq 100, meanwhile, hasn’t set a fresh high since the day before his first press conference.
Pre-FOMC USD Price Action Setups
The Fed and BoJ are already expected to hike but the bigger item is what else they might say or do, and that will likely push macro themes as the 10-year note continues to trade at 5%.
USD/JPY: Has Buy the Dip Turned into Sell the Rip?
Both the US and Japan have rate decisions this week and both are expected to hike rates. But perhaps the bigger question is one of positioning and whether USD/JPY longs will pare back exposure.
Top 5 Charts for This Week: Yields, Oil and USD/JPY
It’s a big week ahead with a widely expected FOMC rate hike followed by a Bank of Japan rate decision. But perhaps more pressing are moves showing in US Treasuries and Oil and what that might entail for the macro landscape.
US Dollar Price Action Setups: EUR/USD, USD/JPY
Despite the ECB rate hike EUR/USD is working on a doji for the week, but the bigger matter for FX markets remains the USD/JPY carry trade as the Federal Reserve walks towards a highly expected rate hike next week.
USD/JPY Bounces Ahead of CPI After Bessent Warns of Betting Against the House
Fundamentals continue to favor the long side of USD/JPY but policymakers on both sides of the pair have taken a firm hand towards reversing that bullish trend.
Crude Oil Crosses $100 as Macro Pressure Continues to Build
A hot PPI read this morning leads into CPI tomorrow but it’s the jump in oil prices that can add an asterisk to those data points, as WTI is on pace for its second strongest weekly gain since the massive move that started in March.
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