Market Analysis

CURRENCIES Potential BoJ Bond Tapering: Speculation about BoJ cutting back bond purchases during Friday’s policy meeting. BoJ currently purchases around Yen 6 trillion a month of Japanes Government Bonds (JGBs) to keep rates low. If BoJ reduces purchases, Japanese Yen …

CURRENCIES US Dollar Decline: US Treasury yields remain in a downtrend, weakening the dollar. US 2-year yields are nearing a two-month low. The dollar index trades below key levels: 200-day SMA, 38.2% Fibonacci retracement, and recent trend support. Friday’s US …

CURRENCIES US Dollar Setups: Analyzing EUR/USD, AUD/USD, and USD/CHF. Path for a lower Dollar as economic data deteriorates. Focus on EUR/USD ahead of ECB rate cut. Dollar bulls eye lower AUD/USD amid waning risk appetite. Swiss Franc advances, overheating signals …

CURRENCIES Key Events and Predictions: ECB Rate Decision: ECB to cut interest rates by 25 basis points on Thursday. Possible timing of the next cut: Markets suggest September 12th or more likely October 17th. Importance of ECB President Christine Lagarde’s …

CURRENCIES Key Highlights: Nvidia’s stock surged by 7% overnight, boosting its market cap to over $2.8 trillion, making it the third-largest company globally. The rally places Nvidia close to Apple ($2.9 trillion) and Microsoft ($3.2 trillion). Nvidia’s AI chips are …

CURRENCIES Gold Forecast: Gold (XAU/USD) dropped sharply on Wednesday, holding above support at $2,375. Bulls need to defend this level to prevent a deeper retrenchment towards $2,360. Continued weakness could shift focus to $2,335, the 38.2% Fibonacci retracement of the …

CURRENCIES EURO (EUR/USD, EUR/GBP) technical analysis: Fed speak to dominate today’s scheduled event risks (Williams, Waller) EUR/USD drifts lower in search of a catalyst EUR/GBP eyes support ahead of UK CPI print Fed Speak to Dominate Today’s Scheduled Risk Events: …

CURRENCIES Highlights from Last Week: U.S. Dollar Decline: The DXY index dropped significantly due to softer-than-expected consumer price index figures. This reignited optimism that the disinflationary trend, which began in late 2023 but had stalled, is back on track. Federal …

CURRENCIES Overview: EUR/USD fails to sustain bullish momentum, GBP/USD pauses after breakout. Introduction to Contrarian Trading: Herd mentality can dominate trading, but experienced traders often explore contrarian strategies. Contrarian trading involves recognizing when the majority sentiment may be incorrect and …

CURRENCIES GBP/USD: Current Sentiment: 56.68% of clients are bearish, with a short-to-long ratio of 1.31 to 1. Trend: Increase in net-short bets by 4.62% since yesterday and 33.04% from last week. Bullish bets decreased by 16.10% since yesterday and 36.14% …