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- Submitted Jun 25, 2025|From forex.com
Over the past couple of months, I’ve outlined a case for gold to face choppier conditions and flagged the potential for a pullback. While prices remain elevated, traders have had to adjust to a market that no longer delivers record high after record ...
- Submitted Jun 25, 2025|From forex.com
The US dollar remains under pressure as EUR/USD and GBP/USD extend their bullish trends. While the Fed’s dot plot allows for two cuts this year, the reality will depend on incoming data. Powell reiterated this week that interest rates will stay in ...
- Submitted Jun 25, 2025|From forex.com
Australia’s inflation figures for May have all but confirmed a 25bp rate cut from the Reserve Bank of Australia (RBA) on July 8. This has been my preference for a couple of months now, though some economists have been playing it safely and spreading ...
- Submitted Jun 24, 2025|From forex.com
The Australian dollar is struggling to maintain upward momentum against the Japanese yen, with AUD/JPY failing to follow through on a bullish setup despite a broader risk-on rebound. After carving out a bullish hammer and range expansion above 92.00 ...
- Submitted Jun 17, 2025|From forex.com
The US dollar surged on Tuesday, cementing its status as the safe-haven of choice amid renewed fears of military escalation in the Middle East. While ceasefire hopes have faded, market focus has shifted to the Federal Reserve’s upcoming policy ...
- Submitted Jun 16, 2025|From forex.com
Hopes of a ceasefire between Isreal and Iran sparked a bout of risk-on trade late on Monday, which essentially saw a reversal of many of the moves heading into the weekend. Safe-haven currencies lost their appeal in exchange for risk assets. Wall ...
- Submitted Jun 16, 2025|From forex.com
CFTC’s latest Commitments of Traders (COT) report reveals asset managers pushed their net-long exposure to the US dollar to a record high. Large speculators also ramped up bearish positioning on the Australian dollar, while net-short exposure to the ...
- Submitted Jun 15, 2025|From forex.com
The Australian dollar opens the week in a holding pattern, with traders looking ahead to a packed schedule of high-impact events. The Federal Reserve is widely expected to leave rates unchanged, but its updated projections and Powell’s guidance may ...
- Submitted Jun 12, 2025|From forex.com|1 comment
The euro continued its advance on Thursday, with EUR/USD climbing above recent resistance as the US dollar slipped across the board. Weaker-than-expected jobless claims and soft PPI data bolstered expectations that the Federal Reserve may need to ...
- Submitted Jun 10, 2025|From forex.com
Sentiment was buoyant on Tuesday amid hopes for a breakthrough in US–China trade talks, which are expected to continue into Wednesday. According to US Commerce Secretary Howard Lutnick, negotiations are going “really, really well.” The Canadian ...
- Submitted Jun 8, 2025|From forex.com
The Australian dollar remains vulnerable this week as fresh signs of deflation from China and soft Q1 GDP data fuel expectations of a July rate cut from the Reserve Bank of Australia (RBA). With AUD/USD repeatedly failing to hold above 65c, traders ...
- Submitted Jun 5, 2025|From forex.com
May was the first month since November that gold prices failed to take out the prior month’s high. This may not sound significant, but it is certainly a change of character from the rally that broke out in April 2024 and tells is that volatility is ...
- Submitted Jun 4, 2025|From forex.com
Sentiment reversed again on Wednesday, a pattern we have become accustomed to almost daily. Though this time risk appetite was lower after President Trump took to Trush Social, accusing Xi Jinping “VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL ...
- Submitted Jun 2, 2025|From forex.com
The US dollar (USD) continued its descent below 100 on Monday as cracks widened in the US economy and Donald Trump tightened the screws on trade partners. Trump has given until Wednesday, June 4 for all partners to present their best trade deals, or ...
- Submitted May 29, 2025|From forex.com|1 comment
It was a reversal of fortunes for risk-appetite on Thursday, which saw Wall Street erase earlier gains and the US dollar (USD) plunge amid the latest trade headlines. The fact that the bearish outside day formed on higher volume at a resistance ...
- Submitted May 28, 2025|From forex.com
Wall Street futures have had an uncharacteristically strong start to the Asian session on Thursday, after President Trump’s tariffs have come to a screeching halt. A US Federal Court has ruled that President Trump does not have the authority to set ...
- Submitted May 27, 2025|From forex.com
Australia’s inflation rate crept higher in April, according to the latest CPI figures from the Australian Bureau of Statistics (ABS). Trimmed mean CPI — the Reserve Bank of Australia’s (RBA) preferred measure — rose to 2.8% y/y from 2.7% prior. CPI ...
- Submitted May 27, 2025|From forex.com
The US dollar was the strongest FX major on Monday after President Trump delayed his 50% tariffs on the European Union until July 3. US consumer confidence also rose 12.3 points from depressed levels and inflation expectations eased slightly. Any ...
- Submitted May 25, 2025|From forex.com|2 comments
The Reserve Bank of Australia (RBA) delivered a dovish 25 basis point rate cut last week, and a softer monthly CPI inflation report this week could further strengthen expectations of another cut in July. The Board acknowledged that “inflation has ...
- Submitted May 13, 2025|From forex.com
The US dollar (USD) was the weakest major currency on Tuesday, as softer US CPI data and positive trade headlines allowed traders to refocus their attention on the Federal Reserve’s (Fed) policy outlook. With US–China tariffs significantly reduced ...