USD/JPY rate forecast: More trouble to come for the Japanese yen?

USD/JPY ANALYSIS Will Fed Chair Powell continue his hawkish rhetoric? US economic data on hold as global slowdown worries mount. 145.00 in sight for USD/JPY bulls? GENERAL BACKGROUND OF THE JAPANESE YEN The Japanese yen had a tough time last week and is heading into the week weaker overall due to aggressive comments by Fed … Read more

The US dollar remains on a high while crude oil floats. Is the USD higher?

usd

US Dollar, DXY Index, USD, OPEC+, WTI, Brent, Crude Oil, Debt Ceiling – Discussion topics The US dollar held on to Friday’s gains and started the week with high government bond yields. OPEC+ cut production, with Saudi Arabia playing a key role in the rise in oil prices. With the debt dilemma out of the … Read more

Silver Tech update: Silver sell-off approaches support confluence zone

Technical analysis of silver The long-term uptrend is still intact, although selling increased last week. 23.20 is proving to be an important confluence of supports, with the RSI approaching oversold territory. The analysis in this article uses chart patterns and key support and resistance levels. For more information, see our comprehensive educational library. The long-term … Read more

XAU/USD is in for a busy US-focused Trading day

GOLD OUTLOOK & ANALYSIS US retail sales, the Fed speech and the US debt ceiling update are in focus today. Implied Fed funds futures continue to trend towards caution. Technical analysis reflects the ambiguity of the macroeconomic environment. Underlying background for XAU/USD Gold prices again moved within a relative range on Tuesday as markets await … Read more

Australian dollar falls on Weak China Data. Will AUD/USD test the lows?

Australian Dollar, China’s Economy, AUD/USD, PBOC, RBA, CGB – Talking Points The Australian dollar gave back some gains overnight after weak Chinese data. Industrial production and retail sales fell, as did investment. The RBA minutes showed a rise, or no change was considered. Lower AUD/USD? The Australian dollar fell on doubts about China’s economic recovery … Read more

Japanese Yen Price Action Scenario: EUR/JPY, USD/JPY, USD/JPY

PRICE, CHARTS AND ANALYSIS: JAPANESE YEN USD/JPY Technicals point to exhaustion as RSI enters overbought territory. USD/JPY sideways as the dollar and yen battle for dominance. EUR/JPY is bouncing off the trend line and the 50-day line. Are further gains above 150.00 to be expected? JAPANESE YEN Behind the scenes The Japanese yen had to … Read more

Gold Price Declines as U.S. Economic Data weaken For Fed’s Monetary Policy.

GOLD PRICE Prediction: Gold prices start the week lower and are affected by rising U.S. yields. The Fed’s monetary policy decision will take center stage on Wednesday. This article looks at the key technical levels to watch for in gold. Gold prices experienced a wild ride on Monday in a session characterized by low turnover … Read more

Attention currently turns to the Federal Reserve: Gold Price (XAU/USD), Silver Price (XAG/USD)

Gold Price (XAU/USD), Silver Price (XAG/USD): Charts, Price and Analysis A slightly hawkish reassessment of Fed intentions weighs on gold and silver. The fear of the U.S. debt ceiling is growing. A number of asset classes will remain on hold today in anticipation of the Federal Reserve’s (Fed) latest decision, which is expected at 7:00 … Read more

Japanese Yen Rate Update: EUR/JPY, USD/JPY. USD/JPY

JAPANESE YEN PRICE, CHARTS AND ANALYSIS: USD/JPY Rises as the RBA continues the rate hike cycle and hints at further developments. USD/JPY Closes the 200-day line and plans to return above 140.00. EUR/JPY Reaches 15-Year High. Bullish momentum remains intact above 146.50. RSI remains in overbought territory for all three JPY pairs, so a retracement … Read more

Amazon Surges on positive earnings, S&P 500 Futures gain as Big Tech Provides.

KEY POINTS of AMAZON EARNINGS REPORTS: Amazon’s results surprise on the upside, beating expectations for both earnings per share and revenue. Shares of the technology company rise in extended trading following first-quarter results. S&P 500 futures extend gains as the e-commerce giant delivers earnings. Shares of Amazon rose as much as 10% at times in … Read more