News & Analysis

Australian Dollar is resting at key support as the bears attempt a sixth weekly decline- NFPs on tap. Battle lines drawn on the AUD/USD weekly technical chart.

European stocks traded mixed with Spain’s Ibex rising to a fresh weekly high and Germany’s DAX off its earlier lows at mid-day in London as government bond yields eased off their earlier highs.

USDJPY, Nasdaq Forecast: The Japanese Yen is back at BOJ intervention risk levels, and the Nasdaq is struggling below the 22,000-threshold with a more hawkish-than-expected Fed tone. Non-farm payrolls, earnings, and inflation metrics are the next key events likely to shift the market tone.

GBP/USD tumbles to a 13-month low as government bond yields surge. FTSE rises as the pound plunges.

While I suspect gold is in for another good year, the gains seen so far in January wreak of a false initial move to my eyes. And with NFP potentially knocking out decent figures, I’m on the hunt for a swing high.

EUR/USD snaps the recent series of higher highs and lows as it trades to a fresh weekly low (1.0273).

Despite the recovery shown by the Canadian dollar two sessions ago, the balance has now shifted 0.5% higher in favor of the U.S. dollar, keeping USD/CAD near levels not seen in the past four years.

AUD/USD was just ten pips away from a fresh four year low last week. But sellers held .6300 resistance and the big question is whether they can punch through support.

USD/CHF is poised mark a third weekly advance with price now approaching initial resistance near the 2024 close high. Battle lines drawn on the weekly technical chart.