FX

The S&P 500 closed at record highs for a seventh session in a row, climbing above 4700 intra-day. The index, and stocks more broadly, were boosted on Friday by positive US jobs and Pfizer pill news. It was a strong end to a strong week for the S&P 500 and other major US equity indices.

AUD/JPY: The break below 84.60 confirmed the double-top chart pattern, with 83.00 as the target. AUD/JPY: The near-term trend is downward, but caution is warranted as the longer-term trend is up. The AUD/JPY slides to fresh weekly lows during the New York session, down 0.33%, trading at 83.90 at the time of writing. The market

GBP/JPY printed a daily low at 152.81, but late in the New York session bounced off, reclaiming 153.00. GBP/JPY: In the near term, the trend is tilted to the downside but found strong support around 153.00. The British pound recovered some ground on Friday, as the New York session finished, trading at 153.12, down 0.29%

USD/CAD is flat at 1.2450 as US and Canadian jobs report fail to trigger lasting volatility.  The pair will remain focused on oil price movements next week with a bare Canadian economic calendar.  The Canadian dollar has broadly failed to benefit from the release of a strong Canadian labour market report on Friday, much like

Gold price is trading close to fresh five-day highs of $1,800, as a downbeat market mood boosts the underlying bullish momentum, with the focus now shifting towards the much-awaited US Nonfarm Payrolls data. Resurfacing concerns over the indebted Chinese property sector combined with pre-NFP cautious trading has weighed down on the investors’ sentiment, underpinning the

USD/JPY slumps during the day, despite broad US dollar strength across the board. Lower US T-bond yields weighed on the USD/JPY pair, benefiting the Japanese yen. USD/JPY: Bullish above 114.00, otherwise range-bound, with 113.50 as strong support. The USD/JPY slides during the New York session, down 0.21%, trading at 113.76 at the time of writing.

USD/CAD stalls its post-Fed recovery as WTI finds its feet in European trading. The downside in the pair remains capped by the resurgent USD demand. All eyes on the WTI price action ahead of the OPEC meeting. USD/CAD is falling back towards the daily lows of 1.2375, as the bulls fail to resist above the 1.2400

USD/CHF seesaws around the 0.9100-0.9130 range as Fed’s Powell speaks. The USD/CHF is finding strong support at 0.9100, as the pair has jumped off that level three times. Fed’s Powell acknowledged that inflation is running well above the 2% goal. The USD/CHF slides during the New York session, down 0.30%, trades around 0.9117 at the

AUD/USD has at last failed at the 200-day moving average (DMA) at 0.7550. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the aussie to decline as low as 0.7171. Above the 200-DMA lies the seven-month resistance line at 0.7605 “AUD/USD has finally failed at the 200-DMA at 0.7555, intraday Elliott wave counts

AUD/USD bears have taken over, but there are bullish prospects from here.  The price would now be expected to correct a significant portion of the drop in the sessions ahead.  The price has run into what would be expected to be a strong area of support and given the imbalance, a correction is the most

Gold price stalls Monday’s rebound as the US dollar firms up ahead of Fed. According to FXStreet’s Dhwani Mehta, a pullback in the Treasury yields could revive the bullish interests in the yellow metal. XAU/USD awaits acceptance above the $1793 key hurdle “With the Fed commencing its two-day monetary policy meeting and the RBA discontinuing

AUD/USD is meeting support by the hourly 21 EMA and eyes are on the upside. The focus is on the RBA and Fed as the major risk events for the week ahead. AUD/USD AUD/USD is edging back to flat during the New York day, travelling between a low of 0.7486 and a high of 0.7536

Here is what you need to know on Monday, November 1: The greenback outperformed its rivals on the last trading day of October and the US Dollar Index (DXY) climbed to its highest level since mid-October. At the start of the new month, major currency pairs stay relatively quiet and the trading action is likely

Iraqi Minister Ihsan Abdul Jabbar said late Saturday, OPEC and its allies (OPEC+) will be able to meet the oil demand by its planned increase to the monthly oil output, per Bloomberg. Key quotes “Rising prices for natural gas and coal in Asia and Europe could lead to a rise in oil demand this winter.” “Monthly increases

Amidst the last-ditch talks held between the UK and France to resolve the dispute over the fishing licenses and checks, French President Emmanuel Macron, who will meet the UK Prime Minister Johnson at the G20 meeting in Rome on Sunday, said the row was “a test” of the UK’s “credibility”, in a Financial Times (FT) interview.

Funko, Inc. ( FNKO ) is a pop culture consumer products company, which designs, sources & distributes the licensed products across the globe. It trades under FNKO ticker at Nasdaq. Since 2017 in daily, FNKO made all time low at $3.12 during sell off across the global markets in early last year.  Thereafter it started

AUD/USD fell on broad US dollar strength, as the greenback rose almost 1% in the US Dollar Index. European stock indices fell, while US equity indices rose, depicting a mixed-market sentiment, which benefited the US Dollar. US Core PCE rise overshadowed the Australian Retail Sales jump, weighed on the AUD/USD. The Australian dollar slid for

Analysts at MUFG Bank are recommending a trade idea of shorting the EUR/USD pair with a target at 1.1300, an entry level of 1.1650 and a stop at 1.1850. They consider the EUR/USD could struggle to build on Thursday’s gains. Key Quotes: “The EUR bounced yesterday on a sense that ECB President Lagarde was less than