Share: USD/JPY shows minimal change, indicating a stable weekly close. The weekly chart suggests an upward trend with resistance at Tenkan-Sen (149.53); a break above could target 150.00. USD/JPY daily chart key levels to watch include 150.77 and YTD high at 151.91 for upside, 148.01, and 147.15 for downside. The USD/JPY is almost
Share: Economists at Commerzbank expect the EUR/CHF pair to enjoy modest gains next year. Scope for a stronger Franc again in 2025 We see a moderate depreciation of the Franc against the Euro next year. The EUR should benefit from the fact that market expectations regarding interest rate cuts in the Eurozone are
Share: AUD/USD is still trading around 5% below its mid-July high. Economists at Commerzbank analyze Aussie’s outlook. Downside potential again in 2025 With the US likely to enter a recession in the coming months, while the Australian economy is expected to have a soft landing, the trend is likely to reverse in the
S&P 500 News and Analysis Two-week winning streak threatened by potential US government shutdown Is the trend of softer US data upon us? US CPI, retail sales next IG client sentiment provides a mixed bias due to inconsistent daily and weekly positioning The analysis in this article makes use of chart patterns and key support
© Reuters. Despite the usual end-of-year softening, the strength of the dollar, bolstered by US macro outperformance and a hawkish stance from the Federal Reserve, is predicted to continue. The dollar has remained unaffected by a sell-off in Treasuries and increases in long-end curve rates. High US rates and an unorganized rise in US yields
CAD/CHF is about to hit a major support zone! Can the pair bounce despite its uber-bearish downswing? The daily chart may provide some clues: CAD/CHF Daily Forex Chart by TradingView As you can see, back in late September CAD/CHF got rejected at the .6825 area that also happened to line up with a key area
USD/CAD, WTI OIL PRICE, CHARTS AND ANALYSIS: The Loonie Faces a Key Moment Tomorrow as Inflation Data is Due Ahead of the BoC Meeting Next Week. WTI Slides as US-Venezuela Deal Grows Closer. Middle East Tensions Simmer with Developpements Around Iranian Involvement to be Monitored. Retail Traders are Currently Short on USDCAD as 61% of
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US stocks have come under pressure at the end of Q3 2023 as the Fed made their stance clear on interest rates remaining higher for longer. Such an environment is likely to weigh on risk assets like equities but from a technical point of view there are still a few hurdles that need to be
Market Recap The significant upside surprise in US job opening numbers for August (9.61 million vs 8.8 million expected) prompted another negative session in Wall Street overnight, with a resilient labour market deemed to be providing more room for the Federal Reserve (Fed) to keep rates high for longer. US Treasury yields continued with their
