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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...

AUD/USD, ASX 200 dragged lower during risk-off trade: Asian Open April 17, 2024 A risk-off tone ensued across global markets to send the US dollar higher, to the detriment of AUD/USD and the ASX 200. By : Matt Simpson, Market Analyst The US dollar rose for a sixth consecutive day as Fed...

USD/JPY eyes 155, WTI crude oil looks set to bounce: Asian Open April 16, 2024 USD/JPY is less than a day's trade from 155, a level an ex-FX diplomat warned could trigger an intervention if breached. WTI crude oil seems to have solid support above $84, to hint at a swing low. By : Matt...

US dollar hints at NFP rebound, ASX 200 to track Wall Street lower? April 5, 2024 The US dollar retraced for a third day, but with NFP stats favouring a 'beat' then we're on guard for a dollar bounce. By : Matt Simpson, Market Analyst Market Summary: Markets entered a phase of risk off near...

US dollar slammed at start of historically bad month, AUD/USD rallies. April 4, 2024 US dollar bears wasted no time to short the buck after a soft ISM services report, to mark its second worst day this year - in a month usually associated with losses. By : Matt Simpson, Market Analyst Market...

AUD/JPY, ASX 200 forecast: Asian Open – April 3, 2024 AUD/JPY and the ASX 200 look set to diverge with the former strongly hinting at a swing low and the latter failing to hold above 7900 on Tuesday. By : Matt Simpson, Market Analyst Market Summary: Odds of a June Fed cut have fallen below...

US Dollar Forecast: GBP/USD Clears March Low Ahead of US NFP Report GBP/USD clears the March low (1.2575) after struggling to retrace the decline following the Bank of England (BoE) interest rate decision. By : David Song, Strategist British Pound Outlook: GBP/USD GBP/USD snaps the range...

AUD/USD forecast: Why this textbook bearish pattern may be prone to failure At the end of last week, I highlighted a potential bearish continuation pattern on AUD/USD. But the further this week has progressed, the more I have questioned its potential to break lower. By : Matt Simpson, Market...

Gold forecast: Pullback on the radar - just don’t expect Armageddon. March 27th 2024 By : Matt Simpson, Market Analyst Looking at an equal-weighted gold basket against FX majors, its bullish character has certainly changed since breaking above its previous ATH. Bullish momentum is waning...

Crude oil rises on production cuts, ASX 200 set to retrace? Asian Open March 26th 2024 With geopolitical tensions on the rise and Russia announcing production cuts as infrastructure continues to face attacks, the path of least resistance for WTI crude oil appears to be higher. By : Matt...

AUD/USD teetering as selling momentum delivers death cross. March 25th 2024 AUD/USD is threatening to break the uptrend it’s been in since October, failing to find traction despite what was the largest coordinated central bank dovish pivot since the start of the pandemic last week. With little...

USD/JPY eyes 152, Crude oil stabilises above $80: Asian Open March 22nd 2024 An SNB cut and dovish comments bolstered the US dollar to bring USD/JPY less then 30-pips from 152. WTI crude oil is also showing signs of stability above $80. By : Matt Simpson, Market Analyst Market Summary: The...