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USD ‘rebound’ lacks the enthusiasm of last week’s selloff: Asian Open May 9, 2024 The US dollar may have risen for a third day, yet bulls lack the conviction that bears displayed last week. And that suggests this bounce could be corrective. By : Matt Simpson, Market Analyst The US dollar...

AUD/USD snaps 4-day winning streak, ASX 200 set to follow? Asian Open May 8, 2024 By : Matt Simpson, Market Analyst The Australian dollar handed back all of its pre-RBA gains, which was trying to notch up a fifth consecutive bullish day on anticipation of a more hawkish RBA. Yet the...

AUD/USD rises in RBA, GBP/JPY, gold look set to bounce: Asian Open May 7, 2024 Both gold and GBP/JPY are showing signs of stability around key support levels to suggest they could extend their bounce. But with AUD/USD rising for four days on anticipation of a hawkish RBA, whether AUD/USD can...

AUD/USD weekly outlook: Aussie rises for a second week, RBA on tap. May 6 , 2024 The RBA will announce their cash rate decision on Tuesday alongside their quarterly SOMP with updated staff forecasts. And that can quickly reshape expectations for the rest of the year and move AUD/USD accordingly...

USD/JPY: Toppy US bond yields, BOJ intervention threat mean the game has changed. May 3, 2024 By : David Scutt, Market Analyst USD/JPY upside may be difficult from here The threat of BOJ intervention cannot be ignored US bond yields look at or near their peak for the current cycle Non-farm...

Another BOJ intervention may have just stole the show from the Fed. May 2, 2024 It was the Japanese yen which stole the show after Jerome Powell’s press conference, with USD/JPY falling over 450 pips on another suspected BOJ intervention. By : Matt Simpson, Market Analyst The US dollar was...

US dollar ‘bull’ dog unleashed, AUD/USD crushed on eve of Fed: Asian Open May 1, 2024 By : Matt Simpson, Market Analyst A surprise raise in US wage pressures weighed on sentiment on the eve of the Fed meeting, sending the US dollar broadly higher and Wall Street lower. Labour costs rose 1.2%...

Shellshocked USD/JPY holds ground, 6-day rally on AUD/USD: Asian Open April 30, 2024 Despite the MOF's best attempts, USD/JPY is holding above 155 - a level traders are clearly watching. AUD/USD shows the potential to extend gains into 66c, but having risen for 6 days already then perhaps the...

AUD/USD weekly outlook: AUD squares up to US dollar strength AUD/USD notched up a 5-day rally against the US dollar despite the hotter PCE inflation report for the US on Friday. Yet resistance levels nearby suggest it may be due a pullback. By : Matt Simpson, Market Analyst As mentioned...

U.S. Dollar Builds Bull Flag Ahead of Core PCE Data, FOMC Ahead The U.S. Dollar has held resistance at a key spot while building a bull flag formation. The driver to how that resolves will likely have some drive from tomorrow’s Core PCE data, which is the last inflation print before the FOMC...

US dollar correction kicks in, AUD/USD firm ahead of CPI: Asian Open April 24, 2024 The US 2-year bond yield remains support, which is capping the yield at 5% and weighed on the US dollar. And that helped AUD/USD rise for a second day ahead of a key AU CPI report. By : Matt Simpson, Market...

Gold’s worst day in two years, Crude oil eyes bounce above $80: Asian Open April 23, 2024 There has been a shakeup at the top for gold, which opened the week at the high and closed the day at the low during its worst day in two years. We also look at a potential swing trade long on WTI crude...

AUD/USD weekly outlook: Geopolitical risks, AU and US inflation in focus Whilst it appears that tensions in the Middle East have receded, headline risks remain a threat that traders need to keep in mind this week. And if sentiment is allowed to recover, economic data such as the key inflation...

US dollar taps 106 as US 2yr eyes break of 5%, gold rangebound: Asian Open April 19, 2024 The US dollar index recouped some of Wednesday's losses and is now tapping 106, whilst the US 2-year yields considers a break above 5%. By : Matt Simpson, Market Analyst FOMC member Bostic said on...

AUD/USD holds 64c ahead of AU jobs, crude oil slips 3%: Asian Open April 18, 2024 The US dollar snapped a 6-day winning streak to allow AUD/USD to rebound from 64c in line with yesterday’s bias. And if AU employment figures perform today, it could extend its gains for a second day. By : Matt...