News & Analysis

EUR/USD and DAX edged their way to new lows during trade, although the lack of market volatility leaves it up in the air as to whether prices may try to bounce today, or simple extend their losses. Key levels await for both markets, regardless.

This is not the type of environment where dip-buying is likely to be a winning strategy on any timeframe other than the ultra-short-term.

NZD/USD's break above 60c ahead of the RBNZ's announced that they held rates at 5.5% again was shortly lived, and momentum has turned decisively lower. Ans there could be further downside to come.

Nikkei 225 sits on a major support, making near-term price action potentially important for its longer-term trajectory.

The surge in bond yields finally began to take its toll on gold prices as the end of gold with, with gold falling against basket of currencies alongside the US dollar. And that paints a grim picture for bulls at the beginning of Q4. Yet it has been a very different story for WTI crude oil which has rallied 30% in Q4. But can we really expect a similar performance in Q4?

A surge of yen strength shook currency markets when USD/JPY crossed above 150, prompting calls that the BOJ had finally intervened after much warning. Whether they have remains to be confirmed by officials, but the -290 pip fall in five minutes suggests they likely have.

USD/JPY likely to continue grinding higher as bulls navigate the evolving threat posed by potential Bank of Japan intervention.

It’s a market of extremes with the US Dollar pushing for its 12th consecutive weekly gain and the S&P 500 testing below a key spot of confluent support.

The US Dollar Milkshake Theory, in its essence, predicts a significant strengthening of the U.S. dollar against other world currencies - see why and it's potential implications!