News & Analysis

US Dollar plunged through support this week with a break of the monthly range threatening further losses. Battle lines drawn on the USD/JPY short-term technical charts.

The U.S. Dollar just finished its strongest quarter in more than nine years, but a continuation of that theme may not be a great thing for U.S. equities, or the EUR/USD pair.

U.S. stocks are heading higher on Friday, with the S&P 500 and the Dow Jones set to book the strongest weekly advances since November. Investors are waiting for further clues regarding Tump’s policies next week. Treasury yields have dipped this week and the USD has fallen, helping lift sentiment.

The EUR/USD managed to bounce back to the $1.05 area after testing liquidity below this month’s earlier low of 1.0460 this morning, where traders apparently took profit after a 5-day losing run. The EUR/USD outlook remains negative, however, even if ECB President Christine Lagarde was not as dovish as some might have expected given the political and economic situations in the Eurozone.

USDJPY, Nasdaq Analysis: Both Nasdaq and USDJPY are clinging to the supporting trendlines of their primary uptrends, raising questions about the continuation of strong bullish trends or the possibility of steep bearish corrections. What's next with the upcoming earnings and BOJ meeting?

Global markets closed mixed on Friday, with Japan’s Nikkei down 1% on rate hike fears, while China met its 5% growth target. The DAX trades near all-time highs, with RSI at 76.35 signaling overbought conditions. TSMC outperformed with 57% profit growth, fueled by AI demand, while Tesla cut Cybertruck prices amid competition. U.S. data surprised with strong Philly Fed and retail control group growth, though jobless claims rose. Stay ahead with key takeaways and technical insights!

Copper and iron ore are on a tear, smashing through resistance levels heading into China’s latest data dump. With key levels in play and Trump’s trade policies looming, could the rally have more fuel in the tank?

Inflation hedges shine despite a strong dollar and elevated yields, but with key resistance levels in play, the Trump tariff threat looms as a make-or-break moment.

The Japanese yen was again the strongest currency, which rose against all of its FX major peers. Looking through the charts suggests there could be further downside for USD/JPY and AUD/JPY.

The EUR/USD has dropped over 8% from the peak levels seen in September 2024.