Market News

EUR/JPY looks set to extend a weeks-long downtrend! Will the pair break a key support zone in the next trading sessions?

Traders are in for another busy week as we wait to hear from the Fed and the BOE’s latest monetary policy decisions. Oh, and have we mentioned that it’s also U.S. NFP week?

It was one of those rangebound types of weeks in the forex market as currencies chopped around due to a busy forex calendar. 

Global markets had a topsy-turvy run this week, as sentiment kept flipflopping mainly on Chinese stimulus developments, earnings data, and major central bank decisions.

EUR/USD is knocking on an intraweek inflection point ahead of the U.S. core PCE price index report. Will we see an upside breakout today? Or will the bears continue to limit the euro’s gains?

The ECB statement is coming up soon! If you’re expecting volatility for EUR pairs, do check out this trend setup on EUR/JPY.

Is the PBOC really prepping for a rate cut in February? Here’s how China’s stimulus chatter is affecting risk appetite and NZD/CAD price action.

New Zealand is about to release its quarterly CPI report soon! What might this mean for the ongoing trend on EUR/NZD?

Asian markets were in a risk-off mood after the PBOC refrained from easing. Can this sentiment carry on for the rest of the trading day?

It’s gonna be a busy trading week with THREE central bank decisions, New Zealand’s quarterly CPI, the U.S. GDP report and core PCE price index lined up. Phew!

Negative risk vibes & fading rate cut positioning pushed USD up early, but the dollar lost momentum as traders’ focus shifted to a busy news flow & calendar from other areas.

Plenty of catalysts this week but the main theme was the repricing of interest rate expectations as central bankers pushed back on aggressive cut expectations.

Is the trend still our friend on AUD/USD? The upcoming U.S. preliminary consumer sentiment index might make or break this pair’s climb before the trading week closes.

USD/CAD is sporting a possible reversal pattern ahead of today’s mid-tier economic reports. Is the dollar in for more losses against the Loonie?

Uncle Sam is about to drop its retail sales figures for the month of December! What are the markets expecting and how might the report affect USD/JPY’s uptrend?

EUR/AUD is finding support from a short-term trend line ahead of China’s data dump. Can the pair extend its uptrend in the next trading sessions?

With the U.S. markets out on bank holiday, we’re setting our sights on GBP/JPY’s short-term resistance ahead of the U.K.’s labor market data releases.

Are financial market players getting ahead of themselves in pricing interest rate cuts from the major central banks? We’ll get more clues with this week’s set of data releases.

What a choppy week in FX! GBP was able to get another win on relatively hawkish policy expectations, while AUD was eating dust after decelerating Australian inflation updates.

U.S. inflation updates & fresh headlines, including the highly anticipated bitcoin ETF approval, kept the broad markets volatile but choppy this week.