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EUR/USD Analysis: Rangebound Trading Ahead Of Key Events
Article By:
Mahmoud Abdallah
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Monday, April 29, 2024 8:51 AM EDT
EUR/USD prices attempted a rebound last week, reaching the 1.0753 resistance level. However, the dollar recovered convincingly after consumer spending data showed stronger-than-expected growth in the first quarter of 2024.
USDJPY: Uptrend On Hold Or Correction Incoming?
Article By:
ForexCycle
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Monday, April 29, 2024 8:40 AM EDT
USDJPY’s recent price action suggests a shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair.
GBP/USD Forex Signal: Neutral Outlook With A Bullish Bias
Article By:
Crispus Nyaga
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Monday, April 29, 2024 7:36 AM EDT
The GBP/USD pair wavered on Monday morning even as hedge funds and other speculators turned bearish on sterling. It also pulled back slightly after the mixed US GDP and PCE numbers and as traders waited for this week’s Fed decision.
Japanese Yen Commentary - Monday, April 29
Article By:
James Harte
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Monday, April 29, 2024 6:51 AM EDT
We’re seeing huge volatility in the Japanese Yen at the start of the week. After hitting fresh multi decade highs of above 160, USDJPY sharply retreated this morning, plunging lower by over 500 pips.
USD/CHF Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Monday, April 29, 2024 6:34 AM EDT
U.S.Dollar/Swiss Franc (USD/CHF) Forex Elliott Wave Technical Analysis
USD/JPY Forecast: Yen Surges On Intervention Fears
Article By:
Yohay Elam
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Monday, April 29, 2024 6:16 AM EDT
Investors believe Japanese authorities intervened to support the yen. The gap in interest rates between Japan and the US remains wide. The US core PCE price index held at 0.3% from the previous month.
Japanese Yen Shows Volatility Amid Speculation Of Intervention
Article By:
Andrey Goilov
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Monday, April 29, 2024 6:04 AM EDT
The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00.
EUR/USD Surrenders Intraday Gains Ahead Of US, Eurozone Data-Packed Week
Analytical Overview Of The Main Currency Pairs - Monday, April 29
Article By:
JustMarkets
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Monday, April 29, 2024 5:23 AM EDT
The US dollar strengthened on Friday as stronger-than-expected US economic reports on March personal spending and PCE deflator for March proved to be hawkish for Fed policy and may further delay Fed rate cuts.
Between The Lines
Article By:
WisdomTree
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Sunday, April 28, 2024 5:45 PM EDT
Ignoring data can be useful. Because not all data is, in fact, useful. As the number of datasets has proliferated, so too has the noise created by them. But there can also be signals in the noise, particularly when it comes to survey-based soft data.
The Week Of April 29 Will Be A Busy One For Markets
Article By:
Michael J. Kramer
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Sunday, April 28, 2024 3:00 PM EDT
This will be one of the busier weeks of the year, as it features earnings, the Fed, data, and a Treasury Quarterly Refunding announcement. There are many differing views on the QRA, and there is a good chance that it will turn out to be a non-event.
Markets Snap Back - But Uncertain Economic Conditions Persist
Article By:
Donn Goodman
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Sunday, April 28, 2024 2:20 PM EDT
The stock market gyrated this past week, as it was influenced each day on another new data point. As you may be aware, the markets have just gone through a two-week pullback, with the Nasdaq and the Dow giving up most of their year-to-date gains.
Weekly Forex Forecast - Sunday, April 28, 2024
Article By:
Christopher Lewis
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Sunday, April 28, 2024 1:40 PM EDT
The British pound rallied during the course of the week, as it recently closed near the JPY197 level. It looks like it could continue to go higher, especially now that the Bank of Japan has admitted that they can’t do much about the value of the yen.
Louis Gave’s “Anti-Fragile Asset Of Choice”
Article By:
Ed D'Agostino
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Sunday, April 28, 2024 11:11 AM EDT
The Strategic Investment Conference has dominated my week in the best way possible. I’ve spoken with several friends we’ve had here on Global Macro Update, including Felix Zulauf, Louis Gave, and Pippa Malmgren.