USD/JPY Price Forecast: Rises to near 158.00 near 50-day EMA
JPY, Market Analysis, USD
USD/JPY Price Forecast: Rises to near 158.00 near 50-day EMA
USD/JPY gains ground for the third consecutive day, trading around 157.70 during the European hours on Tuesday. The currency pair is consolidating after the recent pullback while remaining capped by the medium-term trend filter. Price is now above the nine-period Exponential Moving Average (EMA) but still below the 50-period EMA, which suggests a neutral to […]
by Currency Hedger
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- 3 weeks ago
EUR, Market Analysis
Euro hits fresh seven-week lows as German political uncertainty offsets risk-on mood
The Euro (EUR) is failing to draw any support from the moderate risk appetite triggered by the recent pullback in Oil prices and extends losses against the US Dollar (USD) on Tuesday, hitting fresh seven-week lows below 1.1450. The growing political uncertainty in Germany, after the defeat of Chancellor Friedrich Merz’s CDU in last weekend’s […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis
WTI falls to near $90.00 after news of Iran proposing reopening Hormuz
West Texas Intermediate (WTI) extends its losing streak after losing daily gains, trading around $90.20 per barrel during the European hours on Tuesday. Crude oil prices lose ground after Kyodo News noted a senior Iranian official, saying that Iran has offered to reopen the vital Strait of Hormuz within seven days on the condition that the United […]
by Currency Hedger
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- 3 weeks ago
BNY, Institutional
Federal Reserve: Hiking path constrained by supply shocks – BNY
John Velis at BNY Markets argues that current US inflation is being driven by non-rate-sensitive components of core PCE, limiting how effective further Federal Reserve tightening can be. He expects one more rate hike in December 2026 but questions whether all the hikes priced for 2027 will be delivered, given the nature of the inflation […]
by Currency Hedger
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- 3 weeks ago
Iran offers to reopen Hormuz Strait within 7 days – Kyodo News
According to a report from Kyodo news, a senior Iranian official has said that Iran will reopen the Strait of Hormuz, a critical chokepoint to almost 20% of global energy supply, within seven days if the United States (US) takes initial steps toward easing military pressure. Market reaction A sharp selling pressure is seen in oil […]
by Currency Hedger
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- 3 weeks ago
UOB
Australian Dollar: Consolidation continues below resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see AUD/USD consolidating around 0.7120 after a brief spike to 0.7140. Intraday price action is viewed as part of a 0.7105–0.7135 range. They still hold a negative 1–3 week stance, conditional on resistance at 0.7140, but acknowledge that the probability of a drop to 0.7050 has […]
by Currency Hedger
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- 3 weeks ago
Commodities, Energies, Market Analysis, Technical Analysis
Commodity Talk – Oil, Natgas, Cotton, Cocoa
Key takeaways Market Situation Since the beginning of this year, orange juice, coffee, and US natural gas remain sharply lower. Precious metals, except gold (which posts a minimal YTD decline), remain low. A large portion of commodities show rather negative signals from MACD. Source: XTB From a slightly shorter-term perspective (1 year), highly overbought markets […]
by Currency Hedger
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- 3 weeks ago
Markets – US500 at Record High
Wall Street indices hit new record highs. What’s next for S&P 500?U.S. index futures are coming off their strongest session in several months, which pushed the S&P 500 futures contract ( US500 ) to fresh all-time highs. The move was driven largely by falling oil prices. Investors’ attention is now gradually shifting toward the next […]
by Currency Hedger
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- 3 weeks ago
Market Analysis, Technical Analysis
Talking Nasdaq – Is it Overvalued?
One word keeps coming up in connection with the Nasdaq: “expensive.” And it’s hardly surprising, because when you look at the trailing price-to-earnings ratio, which is nearing 31, and add to that the price-to-sales ratio and EV/EBITDA, the picture does indeed look challenging. The problem is that the market isn’t always valued through the lens […]
by Currency Hedger
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- 3 weeks ago
Institutional, Market Analysis
UK borrowing is above target, again, as Brent gets back above $100
Key takeaways The UK’s public finance data for August made for more grim reading on the state of the UK’s public finances. The UK borrowed £18.3bn last month, up nearly 20% compared to a year ago, partly due to the impact of inflation. Borrowing in the financial year to August remains £8.1bn above the official […]
by Currency Hedger
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- 3 weeks ago