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Two trades to watch:
#EURUSD
is set for a weekly gains; German data is in focus
#Oil
is on track for a weekly loss on worries of high rates for longer
Read more:
Two trades to watch:
#FTSE
falls after retail sales, consumer confidence plunge
#EURUSD
rises on hawkish Fed bets ahad of PMIs,
#Frenchelections
Read more:
UBS sees the USD/JPY at 148 by the end of 2024, predicting โthe Fed to cut rates starting in September, and the BOJ to hike in July or October.โ A lower yield gap โshould put downward pressure [like] in 2007.โ Is the USD/JPY a short right now, or what levels are you watching?
Two trades to watch:
#DAX
rises ahead of German IFO business climate data
#GBPUSD
extends gains from last week with BoE's Andrew Bailey due to speak.
Read more:
#EURUSD
breakout hopes boosted as EZ inflation hits highest since 2012 - price still needs to break 1.1730-50 resistance but monthly candles starting to look promising for bulls ^FR
#FX
ZEW current conditions deteriorated, but expectations improved more than expected:
*German May ZEW Economic Expectations -34.3 vs. -41.0 last and -43.0 expected
*German May ZEW Current Conditions -36.5 vs -30.8 previously
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Meet James, a NY-based strategist with 23 years of market experience. He's a leader in financial education, specializing in bonds, equities, commodities, and Forex. He simplifies complex ideas with historical examples and macro analysis, while focusing on mentoring.
#EURJPY
drops to key 130 support as sentiment remains negative after last week's surge in bond yields with concerns about Italyโs budget deficit plans providing additional pressure on euro ^FR
#FX
#GBPUSD
probing liquidity below 1.30 on continued dollar strength while poor UK data raises question marks over a BoE rate hike in August... But could profit-taking trigger a potential short-squeeze rally soon? ^FR
#FX
Approaching a binary outcome with
#risk
on/off with HK bill on
#Trump
desk - (which comes back to trade deal).
#JPY
pairs also near key levels.
Once we get past the noise, gold could still go lower as appears to be in a double zig-zag ^MS
We asked Senior Strategist
@JStanleyFX
what he thinks is the most important tool to analyze a chart. Watch below to find out more.
Learn more about advanced chart tools and how to use them here:
#GBPUSD
rally has stalled for the time being around its first major hurdle near the 38.2% Fib level circa 1.3300-50 area. But essentially the trend is bullish and we expect dips to be supported ^FR
#EURUSD
rebounds as the dollar extends decline amid Trumpโs growing criticism of Fed ahead of Wednesday's rate decision. Is the exchange rate headed for 1.15? ^FR
#FX
#Gold
failed to close beneath key support on Friday, leaving a bullish outside candle in its wake - mean reversion now looks appealing from current levels IMO ^MS
#XAU
#XAUUSD
#GC
Stock markets are closed for Good Friday and FX traders are essentially on holiday as well. CHF is the strongest and USD is the weakest major in quiet trade.
Chinese Premier cancels trip to Washington this week in response to
#Trump
hiking tariffs from 10% to 25% on $200bn of good this coming Friday. ^MS
#USDCNH
jumps to highest level since January, finding resistance at the 200 MA.
#SP500
futures 1.9% lower.