Analysis

Heads up Sterling traders! The latest monetary policy statement from the Bank of England is here, likely to get the pound rolling this week!

USD/CAD is forming a reversal pattern near its monthly highs. Is the pair headed for a reversal? Or are USD/CAD bulls just taking a breather?

Greetings trading fiends! It’s going to be a busy week for equities, so will the volatility and fundies draw more sellers into the downtrend on NAS100?

It’s FOMC statement time and once again! Here are major points & data you need to catch up on if you’re planning on trading the event!

Mixed week strategists as they weighed geopolitical developments against major economic catalysts, with outcomes were likely more dependent on risk management.

AUD took the top spot, closely followed by JPY, both likely bid higher after strong inflation updates hit the wires from their respective countries.

Traders continued to balance geopolitical, inflation and economic growth risks this week, with aversion behavior & choppy price action dominating!

CHF/JPY made lower highs and lower lows but is also seeing buying pressure near an inflection point. Will this lead to the pair extending its weeks-long uptrend?

AUD/CAD may be dropping to a potential buying area ahead of the BOC’s decision. Think the pair will see a big enough retracement before attracting more buyers?

Downside surprises in some of the Eurozone’s PMI reports have weighed on EUR/USD so far today. Will the pair see enough bearish pressure to revisit a key broken resistance level?

EUR/CHF looks ready to turn lower from a short-term inflection point. Are we looking at a pullback before the pair makes new monthly lows?

Traders are in for a busy week with TWO central bank decisions, global PMI data, and Uncle Sam’s initial Q3 GDP reading.

Our FX strategists had a very effective week as 3 out of 4 discussions played out strongly in their favor, highly likely leading to positive outcomes for a wide range of risk management styles.

Inflation, bond yields, & the Israel-Hamas war dominated again, but there were plenty of other headlines from around the globe to shake up FX sentiment!

The Middle East conflict, inflation updates, & interest rates remained as the key market drivers, disrupting typical risk behaviors & major asset class correlations.

Spot gold has found support from a key inflection point and looks ready to return to its uptrend. What do you think of XAU/USD’s 15-minute chart?

GBP/AUD is not getting traction despite higher-than-expected CPI data from the U.K.! Will this lead to GBP/AUD starting a downswing in the next trading sessions?

Seeking another opportunity to trade AUD? Well, you’re in luck because the action may get hot with the latest jobs data from Australia coming right around the corner.

Cooler U.K. wage growth has weighed on the British pound today! Will the report’s release lead to GBP/CHF extending its downtrend?

Canada is releasing a new set of CPI data and these numbers are likely poised to have a notable influence on broad Bank of Canada policy sentiment.