USD/JPY outlook: Hawkish Fed recalibration pressures the yen
Stronger US growth momentum and rising Treasury yields are keeping USD/JPY pointed higher, even as Japanese policymakers try to limit the pressure building across domestic markets.
Technical Analysis
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Gold, silver slammed as hawkish Fed repricing reignites dollar upside
Gold and silver had held up surprisingly well against surging US yields. Wednesday’s DXY breakout may have changed that equation.
Euro Short-term Outlook: EUR/USD Selloff Nears Critical Yearly Support
Euro has fallen seven of the past nine sessions, with stretched momentum raising the stakes as EUR/USD closes in on a major inflection zone.
Australian Dollar Technical Outlook: AUD/USD Breakdown Threatens Deeper Correction
AUD/USD remains under pressure after breaking key trend support, with the latest decline putting the focus on the next major downside pivot.
EUR/USD, Nasdaq Price Outlook: Reversal Risks Build
EUR/USD and Nasdaq Price Outlook: Overbought/oversold momentum on hourly and daily time frames is raising reversal risks across the U.S. dollar, EUR/USD and Nasdaq after a strong weekly advance.
EUR/AUD, GBP/AUD Outlook: Rates, risk and metals reinforce bearish technical case
EUR/AUD and GBP/AUD are coiling near support, with recent correlations suggesting the Aussie’s strength is being driven more by rates, risk and metals than energy.
British Pound Short-term Outlook: GBP/USD Selloff Breaks June Uptrend
Sterling has slipped below its 200-day moving average as downside momentum carries GBP/USD toward another major technical support zone.
Bitcoin Technical Outlook: BTC/USD Major Breakout Signals Crypto Winter May Be Over
A 50% surge from the yearly low has transformed Bitcoin’s technical backdrop, with bulls now targeting the next major hurdle at the yearly open.
USD/JPY and DXY Price Forecast: Bullish Rebound Faces Overbought Risks
Despite mounting geopolitical risks, crude oil prices have declined more than 10% from their monthly highs. Combined with overbought momentum readings on the DXY and dollar pairs, this increases the risk of a near-term reversal.
Nikkei threatens breakout as tech rebound broadens
Breakouts across the SOX and Nasdaq are being matched by rebounds across Asia, with the Nikkei now threatening to join the move.
NZD/USD: US yield advantage keeps pressure on the Kiwi
NZD/USD has become unusually sensitive to relative front-end rates, with the US two-year yield advantage now near historically extreme levels.
US Dollar, Sterling, Bitcoin Weekly Technical Outlook
Sr. Technical Strategist Michael Boutros highlights the levels that matter on the DXY, GBP/USD and Bitcoin charts this week.
Nasdaq breakout builds as crude falls and chip stocks surge
Lower oil prices, semiconductor strength and improving technical momentum are helping Nasdaq futures overcome a hostile backdrop of higher Treasury yields and a stronger US dollar.