Market News & Analysis

Market News & Analysis

Hard assets like bitcoin and gold dominated this week on fears of banking system issues and depositor safety, while in FX, the Japanese yen took the top spot among the forex majors

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A recovery of risk appetite sent the Aussie higher across the board today. But can AUD/USD move past its intraweek high resistance zone? 

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Heads up, euro traders! The ECB decision is coming up soon and another hike is eyed. Can this allow EUR/CHF to resume its climb?

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Banking crisis fears catalyzed fresh risk aversion behavior today after Credit Suisse announced “significant deficiencies” in its financial report procedures. 

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Daily Forex News and Watchlist: GBP/JPY

Yen pairs have been cruising higher for the most part of the day, and it looks like the upbeat U.K. jobs report might take GBP/JPY further north. 

AUD/NZD looks ready to extend a short-term downtrend! Will Australia’s labor market data drag the pair to new intraweek lows?

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Will today’s risk-taking last long enough to extend GBP/UD’s short-term uptrend?

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Think the fireworks in the forex market ended with last week’s NFP? Think again! It’s gonna be another busy one with these upcoming major events 

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Weekly FX Market Recap: Mar. 6 – 10, 2023

Risk aversion sentiment dominated this week and with the help of strong Swiss jobs & inflation updates, CHF easily took the top spot among the FX majors. 

Daily Forex News and Watchlist: USD/JPY

USD/JPY popped higher during the BOJ decision, but can it go for more gains with the NFP release coming up? 

Daily Forex News and Watchlist: AUD/JPY

AUD/JPY remains in a tight consolidation despite global growth concerns this week. Will the pair’s intraweek support hold until the end of the week?

Daily Forex News and Watchlist: USD/CAD

Will the BOC decision and the upcoming speech by Powell send USD/CAD on another leg higher? Here are the levels I’m watching.

Daily Forex News and Watchlist: AUD/USD

RBA’s “dovish hike” sent AUD/USD to new intraweek lows earlier today. Are we looking at the start of an intraweek downtrend? 

Daily Forex News and Watchlist: CHF/JPY

Stronger than expected Swiss CPI may have boosted the franc, but how long could these rallies last? Here are the levels I’m keeping tabs on.

Week Ahead in FX (Mar. 6 – 10): 3 Interest Rate Decisions Plus the US NFP Report

Traders are in for a busy week as we anticipate THREE central bank announcements plus the release of Uncle Sam’s latest labor market data. 

Weekly FX Market Recap: Feb. 27 – Mar. 3

NZD took the top spot in a busy week for forex traders thanks to much-better-than-expected data from China overshadowing New Zealand data updates.

Daily Forex News and Watchlist: USD/JPY

Talks of a rate hike pause by this summer has weighed on USD across the board. Will today’s U.S. ISM services PMI bring USD/JPY back up to its intraweek resistance? 

Daily Forex News and Watchlist: USD/CHF

The Greenback has been on a steady climb over the past few trading sessions, so how long will the rallies last?

Daily Forex News and Watchlist: AUD/USD

The Australian dollar suffered from slower RBA tightening expectations but China’s better-than-expected business activity reports turned things around for AUD and other risk assets.

Daily Forex News and Watchlist: GBP/USD

Brexit talks are still keeping pound traders on edge, but are we about to see bigger moves on month-end profit-taking?

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