In March, Tokyo’s Consumer Price Index (CPI) rose by 2.9% year-on-year, maintaining the same growth rate as the previous month. This steady inflation rate has sparked renewed concerns over rising...
In March, Tokyo’s Consumer Price Index (CPI) rose by 2.9% year-on-year, maintaining the same growth rate as the previous month. This steady inflation rate has sparked renewed concerns over rising prices in Japan, with the Bank of Japan’s (BOJ) target of 2% still surpassed. While the central bank has aimed to keep inflation under control, recent figures suggest that price pressures continue to build, particularly in key sectors such as food.
A key factor driving the sustained inflation is the increase in food prices, with rice seeing an eye-popping 92.4% surge in March. The rise in food...
The Australian dollar remains under pressure, struggling to gain traction as heightened global risk sentiment keeps investors cautious. Ongoing concerns about economic uncertainty, geopolitical tensions,...
Gold prices saw modest gains as investors turned to safe-haven assets amid renewed concerns over global trade tensions. The precious metal remains supported by uncertainty in international markets, with...
Gold prices saw a modest uptick on Wednesdy as investors sought safe-haven assets amid renewed trade tensions between the U.S. and China. The lingering uncertainty over potential tariffs and diplomatic...
The New Zealand dollar remained under pressure on Wednesday, with NZD/USD hovering near 0.5700, as investors grew cautious ahead of potential US tariff announcements on China. The uncertainty surrounding...
The British pound remains in a tight range against the U.S. dollar, hovering near significant technical levels as traders weigh economic data and central bank expectations. Market participants are closely...
The Mexican peso extended its losses, pressured by declining inflation and increasing speculation that Banco de México (Banxico) may shift toward monetary easing. With recent data showing a continued slowdown...
Gold prices continued their upward momentum, hovering just below the $2,950 mark, as declining US Treasury yields fueled demand for the precious metal. Investors turned to gold as a safe-haven asset, with...
The British pound remains range-bound against the US dollar, with GBP/USD trading around key moving averages, as investors await policy signals from Federal Reserve and Bank of England (BoE) officials....
The US dollar gained modest ground against the Canadian dollar, with USD/CAD rising above 1.4250, as investors reacted to ongoing tariff concerns and broader market uncertainty. While the greenback has...
Gold prices remain under pressure, trading just below record highs, as investors weigh global trade tensions against shifting expectations for Federal Reserve policy. While the yellow metal has faced some...
The Canadian dollar (CAD) advanced against the US dollar (USD) as weaker US economic data put pressure on the greenback. Investors reacted to soft retail sales figures and slowing economic indicators,...
The EUR/JPY pair edged lower, nearing 159.50, as the Japanese yen found renewed strength following hawkish signals from the Bank of Japan (BoJ). With policymakers hinting at a potential shift away from...
The USD/CHF pair edged higher on Wednesday, supported by renewed dollar strength as investors braced for the upcoming US Retail Sales report, which could provide fresh clues on consumer spending and the...
The EUR/USD pair remained largely unchanged around 1.0450, with investors showing restraint ahead of the Eurozone GDP report. Traders are cautious as they await signals on the region’s economic health,...
The EUR/USD pair extended its rally, reaching new highs as euro bulls gained momentum, fueled by a weaker US dollar and improving risk sentiment. Investors shifted toward the euro amid expectations that...
The British pound held steady against the US dollar, hovering near 1.2550, as investors remained cautious ahead of the upcoming US retail sales report. With traders seeking fresh catalysts, the pair struggled...
The USD/JPY pair held steady above 152.50, supported by broad dollar strength, but downside risks emerged as former U.S. President Donald Trump’s decision to delay reciprocal tariffs raised uncertainty...
The Australian dollar held firm on Wednesday, capitalizing on a weaker U.S. dollar as lower Treasury yields dampened demand for the greenback. Investors have shifted expectations for the Federal Reserve’s...
The Indian Rupee remained under pressure on Thursday as the U.S. Dollar demand picked up, keeping the USD/INR pair above 86.50. Investors sought safety in the greenback amid growing concerns over global...
The Australian dollar edged higher on Tuesday after U.S. President Donald Trump announced a delay in planned reciprocal tariffs, easing immediate concerns over escalating trade tensions. The currency rose...
Bitcoin’s recent ascent has propelled the cryptocurrency market’s total value beyond its previous pandemic-era peak. The leading digital currency has surged approximately 30% since the U.S....
The cryptocurrency market is buzzing with significant milestones today. Bitcoin has soared to a new record, reaching $85,000, driven by rising institutional interest and its appeal as an inflation hedge....
Bitcoin’s recent rally has spurred discussions about its potential to reach the $100,000 milestone, with prediction markets suggesting a 52% chance of Bitcoin hitting this level by the end of 2024. The...
XRP, the native cryptocurrency of the XRP Ledger, is approaching the $0.74 mark as investors maintain their positions amid recent gains. This upward movement reflects a broader trend in the cryptocurrency...
Bitcoin (BTC) is approaching the $80,000 mark, driven by a significant increase in trading activity on Coinbase. The cryptocurrency’s price has surged to approximately $80,760, reflecting a 5.17%...
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the New York Stock Exchange’s (NYSE) proposal to list and trade options on Ethereum (ETH) exchange-traded funds (ETFs)....
The cryptocurrency market, led by Bitcoin, continues its upward trajectory following the Federal Reserve’s 25 basis point rate cut. This monetary easing has bolstered investor confidence, prompting...
XRP has gained bullish traction with a $123 million increase in open interest, reflecting heightened investor interest and optimism for the token. The rise in open interest indicates that more investors...
The “Trump trade” is back in full swing, with Bitcoin, the U.S. Dollar, and bond yields all experiencing a sharp surge. Investors are responding to renewed expectations that Trump’s policy...
The BTC/USD trading pair is indicating a strategic sell setup as Bitcoin trades near recent highs, with technical signals hinting at a potential correction. Some indicators are pointing to overbought conditions,...
Asian equities advanced, taking cues from Wall Street’s overnight rally, signaling a wave of optimism fueled by easing bond yields and economic resilience. Key indices across Japan, South Korea,...
Oil prices edged higher on speculation surrounding the upcoming OPEC+ decision on production levels, as traders weighed the potential impact on global supply dynamics. Brent crude climbed to $82.50 per...
Oil prices extended gains on expectations of an impending OPEC+ production deal and mounting supply concerns stemming from Iran sanctions. Market sentiment was bolstered by reports of productive talks...
U.S. stocks surged to record highs on Monday, buoyed by growing optimism as Federal Reserve officials signaled a possible interest rate cut in December. The major indexes climbed, with investors responding...
Oil prices climbed on Monday, buoyed by optimism surrounding China’s economic performance and market speculation ahead of the OPEC+ meeting. Investors are closely watching Beijing’s latest...
Oil prices rose slightly on signs of economic strength in China, the world’s largest oil importer, but gains were tempered by uncertainty surrounding the fragile ceasefire between Israel and Lebanon. Optimism...
Asian stock markets posted modest gains, with investor sentiment cautiously optimistic despite challenges in global economic outlooks. Japan’s Nikkei 225 rose 0.3%, buoyed by tech sector performance,...
West Texas Intermediate (WTI) crude prices are holding firm above $68.00 as markets focus on the upcoming OPEC+ meeting. The steady performance comes amid speculation over potential production adjustments...
A major oil field operator has filed a lawsuit against California, challenging a recent law aimed at phasing out oil drilling in Los Angeles neighborhoods. The company argues the legislation undermines...
Oil prices remained stable in subdued trading, with market participants awaiting clarity after OPEC+ postponed its planned supply meeting. The delay has added uncertainty to the group’s next move...
Analysis
Market Sentiment and Strategy: EUR/USD, USD/CAD, Dow Jones
In trading, the allure of following prevailing trends—buying in bullish and selling in bearish phases—is strong. However, seasoned traders often find that unconventional strategies, like contrarian trading, which opposes dominant market sentiments, can unlock significant opportunities. This approach...
Euro FX Analysis: EUR/USD, EUR/CHF, EUR/GBP, EUR/JPY & Weekly Levels
Market Outlook and Sentiment Analysis
In the dynamic realm of currency trading, adopting contrarian strategies can unveil hidden possibilities by deviating from conventional thinking.
IG client sentiment provides valuable insights into the market’s sentiment, especially when analyzing the Euro...
US Dollar Market Analysis: Insights on EUR/USD and GBP/USD Recovery, USD/JPY Stability
The US dollar experienced a minor decline on Monday, though the drop was minimal, likely restrained by a rise in U.S. Treasury yields. Investors took profits following the dollar’s robust performance the previous week. Additionally, many chose not to take significant positions ahead of anticipated...
British Pound Trading Analysis: GBP/USD, EUR/GBP, GBP/JPY
Trading often resembles a game of follow-the-leader, with participants reacting to market movements by following established trends. However, experienced traders leverage contrarian strategies, which can uncover significant opportunities by opposing mainstream market sentiment.
IG client sentiment...
EUR/CHF Sentiment Analysis
EUR/CHF Trader Positions
Source: DailyFX
Retail Sentiment Overview
Currently, 49.76% of traders hold a net-long position in EUR/CHF, resulting in a nearly balanced short to long ratio of 1.01 to 1. Since April 11, 2024, when EUR/CHF was near 0.98, traders have shifted to a net-short stance. Despite...
EUR/USD remains range-bound as markets brace for key U.S. jobs data
The EUR/USD pair traded in a narrow range, with investors staying cautious ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report due on Friday. The muted price action reflects market uncertainty, as traders assess how the jobs data could influence Federal Reserve policy and broader currency...
Australian dollar holds firm as trade surplus meets expectations
The Australian dollar remained stable after the country’s latest trade balance data showed a stronger-than-expected surplus of 5.62 billion AUD in January, slightly above market forecasts. The currency’s muted reaction suggests that traders had already priced in steady export performance, with little...
Euro surges against dollar as investors anticipate trade policy shift
The euro made significant gains against the U.S. dollar, driven by growing expectations that trade policies could see a shift in the coming months. Investors reacted to signals that tariff adjustments may be on the horizon, fueling optimism in currency markets and prompting a surge in EUR/USD trading...
EUR/USD Struggles to Break 1.06 Barrier
The EUR/USD pair remains subdued, struggling to recover above the 1.06 mark, as market sentiment leans cautious amid mixed economic data and central bank speculation. Persistent strength in the U.S. dollar...
Dogecoin Projection: Traders Shift $380M as DOGE Tracks Bitcoin’s Pullback
Dogecoin’s market activity surged with $380 million worth of trades, mirroring the pullback seen in Bitcoin’s performance. This wave of trading follows a broader cryptocurrency market downturn, with...
USD/JPY Outlook: Possibility of Further Decline
The USD/JPY pair continues to trend lower, reflecting market concerns over potential shifts in monetary policy. The yen’s recent strength is attributed to growing speculation that the Bank of Japan (BOJ)...
SP500 Approaches $6060: What Comes Next?
The S&P 500 is closing in on the unprecedented $6060 milestone, fueled by resilient investor sentiment and a rally across tech and consumer discretionary sectors. Despite broader economic uncertainties,...
Stock Market Gradually Edges Up: Are Exhaustion Signals Present?
U.S. stocks edged higher on Tuesday, continuing a slow upward trend, though signs of fatigue emerged as trading volumes thinned. The S&P 500 added 0.2%, while the Dow Jones Industrial Average climbed...
EUR/USD Forecast: Resistance Persists Near 1.0600
The EUR/USD pair remains constrained below the critical 1.0600 resistance level, as traders digest a mix of economic data and market sentiment. Despite intermittent attempts to breach this barrier, the...
Elliott Wave: Can Bitcoin Surpass 100k Despite USD Strength?
Bitcoin is approaching a critical juncture as investors speculate whether the cryptocurrency can surpass the $100,000 mark despite a bullish US dollar. The flagship digital asset has shown resilience,...
Bajaj Auto Indian Shares Analyzed Through Elliott Wave Theory
Bajaj Auto has recently drawn attention in the Indian stock market, with analysts observing potential signals aligned with Elliott Wave theory, a popular method in technical analysis. The stock has displayed...
EUR/USD declines under 1.0550 ahead of ECB Lagarde’s speech and US PMI releases
The EUR/USD currency pair extended its decline, falling below the 1.0550 level as markets braced for critical economic cues. Traders anticipate European Central Bank President Christine Lagarde’s speech,...
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