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Asia Day Ahead: US Megacap Tech Shined; Series of PMI Readings to End the Week

Asia Day Ahead: US Megacap Tech Shined; Series of PMI Readings to End the Week

Fed Chair Jerome Powell reiterated his hawkish tone but Wall Street seems to be taking it in stride this time, with the S&P 500 and Nasdaq overtur...
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Japanese Yen Outlook: USD/JPY Breaks Out but AUD/JPY Lacks Bullish Spark

Japanese Yen Outlook: USD/JPY Breaks Out but AUD/JPY Lacks Bullish Spark

USD/JPY rallied on Thursday, breaking above Fibonacci resistance, and rising to its best levels since November 2022. Meanwhile, AUD/JPY struggled for ...
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EUR/USD Technical Update: Key Levels to Watch for Bullish Continuation

EUR/USD Technical Update: Key Levels to Watch for Bullish Continuation

EUR/USD has revealed a preference for an upside move as Powell’s persistence around further, more moderate hikes reduce dollar demand...
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Gold Prices Still Struggling, BoE Shows Global Rates Have Further to Rise

Gold Prices Still Struggling, BoE Shows Global Rates Have Further to Rise

Gold remains mired despite some less hawkish than expected testimony from the Fed’s Powell...
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British Pound (GBP) Volatile as Bank of England Hikes by 50 Basis Points

British Pound (GBP) Volatile as Bank of England Hikes by 50 Basis Points

The Bank of England (BoE) hiked rates by 50 basis points today, by a majority of 7-2, as the central bank reiterates its commitment to driving down in...
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Dow, Nasdaq 100 and Nikkei come under pressure following hawkish Powell testimony

Dow, Nasdaq 100 and Nikkei come under pressure following hawkish Powell testimony

​​Indices have seen further selling this morning, as concerns about hawkish central bank policy drive risk-off sentiment.​...
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Turkey Central Bank Meeting Preview: Erdogan and the Turkish Lira Eye Redemption from Policy Pivot

Turkey Central Bank Meeting Preview: Erdogan and the Turkish Lira Eye Redemption from Policy Pivot

President Erdogan seems to have come to terms with the idea of policy normalization. Can USD/TRY fall back toward the 20.0000 handle on potential hawk...
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France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Jun 02, 2023 when France 40 traded near 7,273.40.

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Jun 02, 2023 when France 40 traded near 7,273.40.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-b...
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Japanese Yen Outlook: Fed-BoJ policy divergence remains the key driving force

Japanese Yen Outlook: Fed-BoJ policy divergence remains the key driving force

While the Fed has largely retained its hawkish tone at the latest meeting, speculations for a quicker policy shift from the BoJ have not been receivin...
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