News & Analysis

Sticky inflation in Japan’s capital keeps pressure on the BOJ to normalise policy, but uncertainty around U.S. tariffs and global growth is forcing caution. Despite the hot data, USD/JPY remains a risk appetite trade for now.

Oil prices rallied more than 17.6% off the yearly low with the recovery now approaching key resistance hurdles. A multi-timeframe view of the oil technical charts.

AUD/USD surged nearly 8.9% off the yearly low with the bulls now testing resistance at the September downtrend. Battle lines drawn on the Aussie weekly technical chart.

Crude Oil, USCAD Outlook: WTI crude is challenging the $64.70 resistance as markets weigh ongoing trade negotiations and speculation that OPEC+ may unwind supply cuts. USD/CAD holds above 1.38, reflecting broader currency market consolidation amid global uncertainty. What are the next key levels?

Conflicting signals form the COT futures report make the outlook for oil a bit murkier than I'd like. But over the near term, price action suggests WTI crude oil could be facing another attempt at breaking below $60.

A stalled recovery in the Aussie and Kiwi is raising fresh questions over whether recent gains have legs. With bearish candles emerging and the US dollar back in demand, the path of least resistance may be lower—at least for now.

The ASX 200 rally faces a wall of resistance, and given the declining volumes on the futures market I suspect a pullback could be. The Hang Seng rally meanwhile looks like it may have more to give, assuming it can break above the March low.

Trade optimism send the US dollar higher for a second day, and sending demand for the Japanese yen and Swiss franc lower. This bodes well for my bullish outlook for USD/JPY and USD/CHF.

British Pound surged nearly 11% off the yearly low with a ten-day rally in GBP/USD halting at the 2024 highs. Battle lines drawn on the Sterling weekly technical chart.