USD/JPY Flirts with 200DMA as Traders Brace for Inflation Data
The USD/JPY pair is navigating its 200-day moving average (200DMA) as traders await the release of the U.S. inflation report, a critical event that could dictate the pair’s next direction. A robust core inflation reading could drive U.S. bond yields higher, supporting a further rally in USD/JPY. Conversely, a softer-than-expected print may curb gains and […]
AUD/USD Holds Near Key Support Ahead of U.S. Inflation Data
The AUD/USD pair remains pinned to a crucial trendline as traders brace for today’s U.S. inflation report, which could significantly influence its direction. A weaker than expected inflation reading is the Aussie dollar’s best hope for a recovery, though the likelihood of such an outcome appears slim. RBA Eases Hawkish Stance The Reserve Bank of […]
USD/JPY: Will US Inflation Data Trigger the Next Big Move?
As traders await this week’s US inflation reports, USD/JPY finds itself at a critical juncture. The pair’s tight correlation with long-term Treasury yields and mounting technical signals suggest a major breakout could be imminent. The question remains: will the data fuel a bullish rally, or will bearish momentum finally take control? Treasury Yields Driving USD/JPY […]
Euro Technical Outlook: EUR/USD Recovery Sets Stage for Potential Upside
The Euro has rallied nearly 3% off its yearly lows, with EUR/USD signaling recovery potential as bulls push toward critical resistance levels ahead of the year’s close. While the broader trend remains bearish, near-term price action suggests the possibility of a more substantial rebound. Key Levels to Watch Technical Overview Last month’s steep decline brought […]
USD/JPY and AUD/JPY Rally on China’s Policy Easing Amid Risk-On Sentiment
The USD/JPY and AUD/JPY currency pairs saw significant gains on Monday as China’s announcement of a policy shift boosted risk sentiment across financial markets. The Politburo’s statement on adopting an “appropriately loose” monetary policy for 2025 marked a significant easing stance, the first of its kind since the global financial crisis, and fueled optimism for […]
EUR/USD Holds Monthly Opening Range Ahead of ECB Decision
The EUR/USD pair remains within its monthly opening range as traders await the European Central Bank’s (ECB) upcoming rate decision. The pair recently failed to sustain a move above the former support zone near the April low at 1.0601, snapping a series of higher highs and lows from the previous week. This indecision reflects growing […]
Gold Price Outlook Faces Challenges with Flattening 50-Day SMA
Gold prices are facing difficulty maintaining their recent gains, with the precious metal struggling to break above the 50-day Simple Moving Average (SMA) at $2668. Despite holding above the weekly low of $2622, the price of gold remains range-bound and vulnerable to further declines, potentially reversing its recovery from the November low of $2537. Gold […]
Swiss Franc Short-Term Outlook: USD/CHF Tests Uptrend Support Amid NFP Anticipation
USD/CHF has extended its decline, marking a nearly 1.9% drop from its November highs as the pair tests critical uptrend support established in September. This move comes ahead of the much-anticipated U.S. Non-Farm Payrolls (NFP) report, setting the stage for potential market shifts. Technical Overview: Key Support and Resistance Levels USD/CHF has entered a critical […]
Gold Price Outlook: XAU/USD Steadies Above Support Amid Potential Correction
Gold prices are holding steady, trading just 5% below the record high, with the December range taking shape above key uptrend support. The XAU/USD technical outlook highlights the potential for a broader correction while the long-term trend remains intact. Gold Weekly Technical Analysis: Key Levels Gold’s price action reflects a tight trading range, staying above […]
AUD/USD Holds Ground Despite Weak GDP, Aided by Yuan Strength
The AUD/USD pair faced significant downward pressure on Wednesday following disappointing Australian GDP data for Q3, but the Australian dollar found support later in the day as the yuan strengthened. Without this lift, the Aussie could have sunk further, hitting its lowest levels in eight months. Weak GDP Data Raises RBA Rate Cut Expectations Australia’s […]
