Facts: Recommendation: Trade: Short position on AUDUSD at market price Target: 0.7067, 0.7000 Stop: 0.7165 Opinion: AUDUSD has been trading in an upward trend recently, but the pair may be experiencing a trend reversal. Looking at the H4 interval, one can see that the price bounced off the key 0.7130 resistance area. The green area […]
Key statements by Ueda during the press conference following the BOJ’s decision to hike rates: Maintaining a hawkish stance and refusing to yield to dissent within the board were interpreted by the market as a clear signal that further rate hikes are inevitable. In response to the BOJ Governor’s remarks, the Japanese currency is trimming […]
The Bank of Japan did exactly what the market expected, raising the interest rate by 25 basis points to 1.25%, the highest level since 1995. In a textbook scenario, such tightening should support the currency. Meanwhile, the yen reacted with a weakening, and the USDJPY pair dynamically returned above the 157 barrier. This is the […]
What Are the World’s Leading Banks Saying About Currencies, Energy Markets, Central Banks and Geopolitical Risk? Foreign exchange markets can move in seconds. A central bank decision, inflation surprise, change in interest-rate expectations, energy-price shock or geopolitical development can rapidly alter the value of a currency and change the cost of an international transaction. For […]
The British Pound (GBP) has ticked up against the US Dollar (USD) on Friday, following an unexpected increase in UK Retail Sales. The GBP/USD pair, however, remains on its back foot, trading at 1.3370, ahead of the London session opening, on track for a 1.15% weekly decline, crushed by the diverging monetary policy decisions of the Federal […]
Gold (XAU/USD) attracts some buyers for the second straight day, though it remains below the weekly top through the Asian session on Friday amid mixed cues. US bond yields retreat further from multi-year highs as the recent pullback in crude oil prices helped alleviate immediate fears of runaway inflation. This, in turn, keeps US Dollar […]
WTI crude oil prices are consolidating below the mid-$96 area on Friday after failing to extend the latest rebound from $94.65, but the broader technical structure remains constructive as escalating Middle East tensions keep a geopolitical risk premium embedded in oil prices. West Texas Intermediate is trading around $96.35 per barrel, down roughly 0.20% on […]
The EUR/USD pair trades in positive territory around 1.1490 during the early European session on Friday, bolstered by a weaker US Dollar (USD). However, the potential upside of the major pair might be limited amid a hawkish interest rate hike by the Federal Reserve (Fed). Traders will take more cues from Fed Governor Michelle Bowman’s speech later on Friday. The […]
US technology stocks staged a powerful rebound Thursday despite the Federal Reserve delivering its first interest-rate increase since 2023, with the Nasdaq Composite jumping 1.7%, the S&P 500 rising 1.1% and the Dow Jones Industrial Average gaining 0.6%. At first glance, the move appears counterintuitive. The Federal Reserve raised its benchmark interest rate by 25 […]
The oil market entered the week with traders expecting a potentially sharp increase in crude prices after a major escalation in Middle Eastern supply risks. Attacks by the Houthis, an Iranian-backed group, targeted more than 70 sites in Saudi Arabia, including the strategically important East-West pipeline, which allows Saudi crude to bypass the Strait of […]