The week ahead presents many ‘high importance’ risk events ranging from US CPI data to central bank decisions in Canada, New Zealand and the European Union. The FOMC minutes of the March meeting will also provide more insight on Fed thinking, although, the trend of hotter US data may diminish the impact of what was
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US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USD The U.S. dollar finishes the week moderately lower, easing off multi-month highs All eyes will on the March U.S. inflation report in the week ahead This article discusses the technical outlook for EUR/USD , USD/JPY and GBP/USD Most Read: USD/JPY Tiptoes Towards Bullish Breakout after Strong US Jobs
Most Read: Trading EUR/USD, USD/JPY, and GBP/USD: Strategies for the Most Liquid FX Pairs USD/JPY advanced on Friday (+0.22% to 151.60), inching closer to horizontal resistance at 152.00 after strong U.S. jobs data boosted U.S. Treasury yields across the curve. For context, the latest employment report showed that U.S. employers added 303,000 workers in March
US Dollar and Gold Analysis and Charts US NFPs – 303k vs 200k expectations and a revised lower 270k February print. Gold sheds $10/oz. post-release as the US dollar turns higher. You can download our brand new Q2 US Dollar Forecast below: For all major central bank meeting dates, see the DailyFX Central Bank Calendar
Oil (Brent, WTI) News and Analysis OPEC sticks to Q2 supply agreement as US Cushing storage declines – oil bid Brent, WTI find momentary resistance but the bullish posture remains intact Find out what our analysts envision for the oil market in the second quarter by reading out full Q2 oil forecast: OPEC Maintains Q2
Japanese Yen Prices , Charts, and Analysis USD/JPY remains near multi-decade high despite official warning. US NFPs may prompt BoJ intervention. Download our Complimentary Japanese Yen Q2 technical and Fundamental Forecasts below: The Japanese Yen picked up a small bid in early European trade after PM Kishida warned fx markets that officials will take appropriate
Most Read: US Jobs Report Preview: Market Impact Analysis; Setups on USD/JPY, Gold Prices Breakout trading is a popular strategy that seeks to profit from sudden, powerful price movements that breach established price ranges. Traders watch for assets consolidating within a well-defined range, often signaled by chart patterns like triangles or channels. When the price