Swiss Franc Boost Continues After Hawkish Turn from SNB While US Dollar Sinks
The Swiss Franc strengthened further today as a hawkish Swiss National Bank and a broadly softer USD saw USD/CHF slide. How low can USD/CHF go?
US Dollar Stumbles on Rising Recession Fears, AUD/USD Eyeing Chinese Loan Rate Data
The US Dollar weakened as rising fears of a recession have seen the markets pull back 2023 Federal Reserve rate hike expectations. Ahead, AUD/USD eyes Chinese loan prime rate data.
Euro Caught in US Dollar Crosshairs as Volatility Grips Markets. Will EUR/USD Visit New Lows?
The Euro made some gains against the US Dollar after a whippy few days amid an equity market meltdown. Can EUR/USD find support?
Japanese Yen Soars, Dow Jones Bear Market Rally Unwinds. ASX 200, Nikkei 225 at Risk
The Japanese Yen soared as the Dow Jones cratered on Wall Street as the bear market rally unwound. More pain may be ahead in Asia, leaving the ASX 200 and Nikkei 225 at risk.
Nasdaq 100 Skips Up Despite Fed Chair Powell’s Red-Hot Hawkishness. Where To for Tech Stocks?
The Nasdaq 100 continued to bounce off recent lows as decent data overcame a Fed Chair that’s staring down inflation. Is it a bear market rally or a true upturn afoot turn for NDX?
Euro Pauses as Markets Take Stock Ahead of Fed Chair Powell. Will EUR/USD See New Lows?
The Euro has lifted off recent lows as the US Dollar softened ahead of commentary from Fed Chair Jerome Powell today. Will EUR/USD overcome momentum?
Crude Oil Prices Balk at Recent Highs After Risk Sentiment Turns. Where To from Here?
Crude oil prices remain elevated, providing Saudi Aramco with record profits as markets digest evidence of a slowing Chinese economy.
NZD/USD Rebound Hopes Dashed After Poor PMI Data as APAC Eyes China Credit Data
The New Zealand Dollar may struggle to recover against the USD after PMI data showed that New Zealand’s manufacturing sector cooled in April. APAC traders are on the watch for Chinese credit data.
US Dollar Price Action Setups: EUR/USD, USD/JPY Breakdowns
The US Dollar has set a fresh 19-year high, helped along by another breakdown in EUR/USD. USD/JPY also turned and that remains of interest.
Crude Oil Lifted as US CPI Remains Stubbornly High and Risk Aversion Hits Equities
Crude oil holds up despite the recent turmoil permeating other markets and a stubbornly high US CPI. Will WTI see a volatility break out?