Market News

Oil rallies into an old level of resistance and looks set to press higher after this week’s positive Chinese growth data fuels sentiment....

GBP/USD reacted favorably to elevated UK inflation, placing the Bank of England in an interesting position ahead of next months interest rate decision....

The Japanese Yen weakened after the Bank of Japan disappointed markets in January by leaving policy settings unchanged, including yield curve control. Where to for USD/JPY?...

The US markets were back online after another holiday weekend, but their return didn’t translate into clarifty for the likes of the S&P 500 as to whether last week’s charge was a break or temporary swell. With a light US docket ahead, major event risk elsewhere is shaking up FX majors....

The Dow Jones 100 underperformed the S&P 500 and Nasdaq 100 after disappointing Goldman Sachs earnings. Ahead, the Nikkei 225 is at risk to the Bank of Japan policy decision....

From its trough against the US Dollar less than three months ago, the Japanese Yen has rallied an incredible 16 percent. This backdrop tempo is combining with anticipation for the BOJ rate decision to project the highest implied volatility reading for USDJPY in six-and-a-half years....

The US Dollar is grasping for support but attention for the early portion of this week will be squarely focused on the Bank of Japan for tonight’s rate decision....

The German Dax 40 index has followed major stock indices higher, finding support above prior resistance the key psychological level of 15,000. Can bulls retest 15,400?...

Gold is probably due a little consolidation after a breakneck run higher since the end of 2022 as inflation worries have eased...

The FTSE index outperformed most major indices last year and continues that momentum in early 2023. However, early signs of slowing momentum have appeared...