FX

USD/JPY grinds higher around 24-year top, probes three-day uptrend. BOJ Minutes highlights the need for vigilance on sharp yen moves. US 10-year Treasury bond yields rose to 12-year high, DXY renewed the highest levels since May 2002. No major data on calendar, Fed’s Powell may please bulls if managed to defend heavy rate hikes. USD/JPY

US dollar recovers after September Consumer Confidence data. Stocks move off highs as US 10-year yield hits fresh highs. EUR/USD unable to sustain recovery, holds above lows. The EUR/USD dropped further after the beginning of the American session and hit levels under 0.9600. It is hovering at 0.9620/25, around the 20-hour SMA without a clear

GBP/USD picks up bids to refresh intraday high, extends bounce off all-time low. US dollar pares recent gains amid sluggish session, softer data, inflation expectations add strength to the DXY pullback. BOE resists taming GBP strength, UK policymakers refrain from reversing any measures announced recently. US data, Fedspeak will be crucial for directions, bears are

US Dollar is solid as markets fail to stage recovery. EUR/USD is hovering around 0.9620, far from the daily highs. Dollar overbought but not offering signs of a correction.   The EUR/USD is moving toward 0.9600 after the recovers from fresh multi-year lows faded. The euro could not hold above 0.9700 and started to decline

WTI remains pressured around the lowest level since January 2022, keeps Friday’s weakness. Six-week-old support line, 78.6% Fibonacci retracement can test bears amid oversold RSI. Buyers need validation from falling wedge to retake control. WTI takes offers to refresh the intraday low near $78.10 during Monday’s Asian session. In doing so, the black gold approaches

Gold price tanked to new two-and-half years low at $1638.90. Global S&P PMIs revealed in the EU, UK, and the US sparked investors’ recession fears, increasing appetite for the safe-haven US dollar. Gold Price Analysis: A break below $1638 to send XAU/USD towards $1600. Gold price slides to fresh two-and-half-year lows dampened by a risk-off

Weaker than estimated UK economic data and UK’s new budget fueled UK’s recession fears. A break below the 200-EMA officially shifted the GBP/JPY as bearish biased. GBP/JPY plunged more than 450 pips or 2.93% on Friday, amidst risk-aversion, after PMIs reported by S&P Global showed that the EU and the UK could be headed into

The pound suffered on Friday the worst decline since at least March 2020, with GBP/USD losing more than 300 pips. Analysts at MUFG Bank, remain bearish on the pound and point out the loss of confidence in GBP is becoming more concerning. Key Quotes: “We now expect the BoE to hike by 75bps on 3rd

WTI tumbles more than 7.50% weekly, registering a fresh 8-month low. Global S&P PMIs in September increased worries of a worldwide recession, weighing on WTI. WTI Price Analysis: A break below $78.00 could pave the way for a fall to $70.00. The US crude oil benchmark, also known as WTI, drops below $80.00 per barrel

Economists at Nordea expect a stronger US dollar in the months to come. In their view, the EUR/USD pair could plunge towards the 0.90 level on the back of risk-off. The USD will continue to outperform “The USD will likely continue to benefit from the Fed continuing to hike rates and its status as the

The formation of a Triple Bottom is displaying signs of a loss in the downside momentum. Eurozone bulls are attempting to cross the 20-EMA at 0.9843. An extension of recovery in the asset will send it towards parity. The EUR/USD pair is auctioning in a balanced market profile after a responsive buying action from 0.9812

Introduction Volatility Markets provides trend following trade ideas for momentum traders. The Volatility Markets Newswire measures the direction and acceleration of a security and then structures a trade idea to capitalize on the trend. While trends have been shown to exist in markets over the past 100 years, they are no guarantee of future asset

GBP/JPY is expected to drop to near 162.00 amid BOJ planning on intervention in the currency market. UK PM Liz Truss has announced a reduction in tax slabs and a cap on energy and electricity prices. A rate hike announcement by the BOE will widen the BOE-BOJ policy divergence further. The GBP/JPY pair has surrendered

USD/TRY clinches fresh all-time tops north of 18.30. The Fed is expected to hike rates by 75 bps later. The CBRT meets on Thursday amidst a divided consensus. The Turkish lira depreciates further and helps USD/TRY escalate to new record highs around 18.32 on Wednesday. USD/TRY remains bid ahead of FOMC, CBRT USD/TRY maintains the

GBP/USD Price Analysis: Bulls are moving in and eye a key imbalance of price As per the prior analysis from the New York session on Tuesday, GBP/USD Price Analysis: Bulls move in from critical hourly support, the bears are potentially lurking higher up as the price corrects from the well-extablished lows as the following update

RUM jumped nearly 40% on Monday. Rumble completed merger with SPAC. $17 once again acts as resistance. Conservative social media site Rumble (RUM) spiked an unexpected 39.6% on Monday upon completing its merger with CF Acquisition Corporation VI, a special purpose acquisition company or SPAC. The video-sharing site, backed by famed Facebook and Palantir investor Peter Thiel, did not

EUR/USD continues to creep higher in a correction on the daily charts Bulls eye a 50% mean reversion but failures will bring the lows back into focus with prospects of a downside extension of the broader bear trend. As per the North American analysis, the euro is on the verge of testing critical resistances across the time frames and

Tesla stock continues to outperform as it closes more or less flat on Friday. Equity indices close lower by 0.7% for S&P 500 and 0.5% for the Nasdaq. Tesla delivery times continue to fall for most models in China. Tesla (TSLA) stock continues its relative outperformance as the stock closed more or less flat on Friday