USD/JPY OUTLOOK: USD/JPY briefly breaks above 150.00, but then pulls back sharply on signs that the Japanese government has stepped in to support the yen in currency markets. Any FX intervention measures will not be enough to support the yen on a sustained basis. As long as the underlying fundamentals do not change, the USD/JPY
💬Description: At the very beginning of the week, the story of last Friday is repeated, and metals are lying around even before the American session. Buyers really have little to count on, we talked about this in our last trading idea for Gold. At the same time, the price is approaching the next support, and this time
Share: USD/BRL has crossed back above 5.00. Economists at Société Générale analyze the pair’s outlook. Defence of 4.84 crucial for persistence in up move USD/BRL has extended its rebound after carving out a higher low at 4.84 as compared to the one in July near 4.69. It has crossed above the descending channel
S&P 500, SPX, NASDAQ 100, NDX, DJIA – OUTLOOK: The S&P 500 and DJIA have fallen below key support. The Nasdaq 100 index risks a bearish head & shoulders pattern. What are the outlook and the key levels to watch in the three US indices? Recommended by Manish Jaradi Improve your trading with IG Client
© Reuters. Arthur Hayes, the former CEO of BitMex, has recently conducted an analysis on the potential capital flight from China, following the (CNY) depreciating nearly 15% against the U.S. dollar (USD) this year. The depreciation has ignited speculation about China’s investment strategies in the face of economic instability. Hayes’ analysis was informed by insights
Gold, XAU/USD, Treasury Yields, TIPS, Real Yields, BRIC, Gold Hoarding – Talking Points The gold price is struggling to break the range as hurdles are ignored for now More important than elevated Treasury yields, real yields have been strengthening BRIC nations might be eyeing gold for alternative purposes. Will it drive XAU/USD north? Trade Smarter
Share: Oil (WTI) sees a boost in its price with hurricane Adalia and OPEC+ production cuts. US Dollar strength tops out and could start to abate as risk-on sentiment slows demand for the Greenback. This evening the American Petroleum Institute is due to print its weekly numbers. Oil prices are moving higher this
POUND STERLING ANALYSIS & TALKING POINTS An increase in central bank divergence between BoE and Fed could support pound. Fed speakers to dominate headlines today. Ascending triangle (GBP/USD) & long wicks (EUR/GBP) in focus. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD & EURGBP FUNDAMENTAL BACKDROP The British pound’s resilience this year (+5.4%)
Amidst fluctuating global currencies, MUFG delves into the potential for verbal intervention from Japanese officials, especially as the Jackson Hole Symposium approaches, which may carry significant implications from Chairman Powell’s stance. Key Observations: USD/JPY Surge: There’s been a noteworthy increase in the USD/JPY rate since the Bank of Japan’s (BoJ) policy meeting in July. This
EUR/USD Analysis Recommended by Richard Snow How to Trade EUR/USD German Inflation Steadies in July but the Job is Far from Done German inflation met expectations, rising 6.2% year-on-year as forecasted, with a month-on-month rise of 0.3%. The data comes after the EU experienced a second successive month where core inflation printed at 5.5% and
