FX

The Swiss franc is on the driver’s seat, as shown by the USD/CHF dropping 1.82%. Sentiment in the FX space fluctuated, with safe-haven peers gaining, except for the JPY. USD/CHF Price Forecast: Subject for a mean reversion move towards 0.9850. The USD/CHF recovered some ground after falling to fresh weekly lows around 0.9620, bounced off,

US stocks recovered some ground after a bumpy trading week. The Nasdaq Composite rose and led the pack, followed by the S&P 500, while the Dow Jones fell. The US Dollar Index rose, contrarily to US Treasury yields dropping US equities recovered some ground after a rough trading week and recorded gains between 0.13% and

The Australian dollar prepares to finish the week with losses of almost 1.60%. Fluctuating sentiment in the FX space boosts the USD and weighs on the AUD. St. Louis Fed President Bullard: Achieving a soft landing is feasible. AUD/USD plummets from weekly highs reached on Thursday around 0.7069, down below the 0.7000 mark, after Wednesday’s

The gold spot is falling due to broad US dollar strength and steady US real yields. US Industrial Production expànded at a lower rate than in April, showing that the US economy is slowing. Gold Price Forecast (XAUUSD): To consolidate amid the lack of a catalyst. Gold spot (XAUUSD) drops courtesy of a buoyant greenback,

EUR/USD extended its daily slide in the American session. Hawkish Fed commentary helps the greenback continue to gather strength. US Dollar Index extends recovery to 105.00 on Friday. EUR/USD extended its slide after dropping below 1.0500 and touched a fresh daily low below 1.0450. As the dollar continues to gather strength, the pair looks to

GBP/JPY prints three-day uptrend despite the latest pullback from intraday high. Immediate support line, bullish MACD signals and BOJ’s inaction together help buyers. Sellers have a bumpy road to travel before taking control. GBP/JPY reverses the knee-jerk reaction to the Bank of Japan’s (BOJ) monetary policy meeting while staying firmer around 164.60 during Friday’s Asian

NASDAQ: SNDL gained 2.89% during Wednesday’s trading session. Tough times hit the cannabis sector as Hexo reveals mass layoffs. More stock downgrades from analysts as Tilray gets hit hard. UPDATE: A day after reclaiming the $0.30 level, Sundial Growers stock is once again losing its grip. Half an hour after the open, SNDL shares are now

USD/JPY reverses the previous day’s pullback from the highest levels since 1998. Market sentiment remains mixed as yields fail to extend post-Fed downside while stock futures and Asian equities remain firmer. Japan’s Chief Cabinet Secretary hopes BOJ coordinates with government policies. Japan’s Merchandise Trade Deficit widened in May, BOJ’s bond-buying hints eyed. USD/JPY picks up

Markets now expect the Federal Reserve (Fed) to hike its policy rate by a total of 150 bps at the next two meetings. Economists at TD Securities believe that gold and risk markets alike could be set-up for a short-squeeze. Sell-the-news rally could catalyze a counter-intuitive knee-jerk reaction in gold “Careful: this Fed day, a

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EUR/USD has recovered to the 1.0450 area on Tuesday after briefly dipping under 1.0400 and eyeing annual lows on Monday.   Hawkish ECB speak might be helping for now, but most traders will refrain from placing big bets pre-Fed.   The potential for further risk-off flows means the pair remains at risk of hitting fresh

Silver prices remain pressured at one-month low after the biggest daily fall since early May. Impending bear cross on MACD, clear downside break of horizontal support from late 2021 favor sellers. 10-DMA, five-week-old descending trend line adds to the upside filters. Silver (XAG/USD) fails to overcome the bearish bias, even as the sellers take a

EUR/USD has slid into the mid-1.0400s as the buck benefits from safe-haven demand and hawkish Fed bets.   Some are eyeing a test of annual lows in the mid-1.0300 against an increasingly bearish backdrop.   The main event of the week will be Wednesday’s Fed meeting, plus US Retail Sales and PPI data.   Though

The DXY has registered a fresh three-week high at 104.36 on soaring inflationary pressures. Higher US CPI has unfolded the chances of a rate hike by 75 bps by the Fed. Weak Michigan CSI displays that inflation has dented the confidence of consumers. The US dollar index (DXY) is advancing sharply higher as soaring price

Financial Japanese authorities met regarding a weaker JPY and accorded to act if the yen continues weakening. Despite falling on threats of an FX intervention by Japan, the GBP/JPY gained 1.30% weekly. GBP/JPY Price Analysis: To continue falling towards 164.25 before resuming to the upside. The GBP/JPY plunged on Friday and trimmed weekly gains of

On Friday, the USD/JPY climbs 0.11%, and in the week, 2.80%. Risk-aversion initially weighed on the USD, but late in the North American session, higher US Treasury yields lifted the USD/JPY. USD/JPY Price Analysis: The USD/JPY might retrace as intervention looms, towards 131.00s. The USD/JPY is registering gains close to 2.80% during the week, and

Next week, the Bank of England will have its monetary policy meeting. Analysts at MUFG Bank consider it poses some upside risk for the pound but they warn any rally should be short-lived in light of the still unfavourable UK cyclical backdrop.  Key Quotes: “The GBP has been consolidating at weaker levels after correcting lower

The GBP/USD tanks close to 180 pips after elevated US inflation data. Consumer sentiment in the US has collapsed to a 5-decade low. GBP/USD Price Forecast: In the near term will test the YTD low at 1.2155. The GBP/USD plummets following a hotter than expected US inflation report and extends its losses in the week,