Market correlations appeared to be out of sync in the latest trading sessions, as crude oil had its own thing going while U.S. equities reacted to earnings data. Gold advanced more than…
Category: Forex
FX Watch: NZD/JPY and CHF/JPY Breakout Plays on a Less Dovish BOJ Decision
Is there a chance the Bank of Japan (BOJ) can sound more upbeat in this week’s policy statement? Or will currency jawboning outweigh any cautious remarks policymakers may have? Check…
Australia’s Q3 CPI Cools, but Sticky High Components May Keep RBA Hawkish
Data released by the Australian Bureau of Statistics (ABS) showed consumer price increases decelerated from 1.0% to 0.2% in Q3 2024 against market expectations of a 0.3% reading. On an annual basis,…
FX Watch: AUD/JPY And CHF/JPY’s Trend Continuation Setups In Case Of A Dovish BOJ Event
The Bank of Japan (BOJ) starts its two-day meeting today! If Japan’s recent economic data are any clue, BOJ members may have less room to maintain their hawkish biases. But…
Event Guide: BOJ Monetary Policy Statement (October 2024)
Will the Bank of Japan (BOJ) sit on its hands for yet another meeting? Pressure seems to be coming from the political and economic fronts for policymakers to support growth while…
FX Watch: AUD/NZD and AUD/CHF Support Zones In Case Australia’s CPI Beats Estimates
Do you think Australia could post another hotter-than-expected CPI report and keep hawkish RBA expectations in play? Our Event Guide for the Q3 Australian CPI release suggests that another upside…
Daily Broad Market Recap – October 28, 2024
The coast was clear in terms of top-tier economic releases on Monday, but there was no shortage of major moves among major asset classes. Check out the headlines that are driving price…
Chart Art: USD/CHF Is Facing A Major Resistance At .8700!
USD/CHF can’t seem to bust through a key technical resistance zone! Is it time to short the Greenback against its fellow safe haven? We’re taking a closer look at the daily chart!…
FX Watch: AUD/USD And AUD/CAD To Make New Weekly Lows On Cooler AU CPI?
Australia is about to print its Q3 inflation data! Our Event Guide for Australia’s Q3 2024 CPI suggests that we could see cooler price pressures compared to the previous quarter as…
Event Guide: Australia’s CPI Report (Q3 2024)
Will the upcoming Australian CPI release reinforce the RBA’s monetary policy stance? Or will the inflation numbers convince policymakers to change their bias in their next meeting? Here’s what…