Oil Price Supported by Volatile Dollar, Gold Price at 1-Week High

Gold prices are moving higher toward $1,260/oz., and LT charts are showing the makings of a breakout. Oil prices continue sideways above support, which may precede a breakout.
Source: News FX

USD/JPY Outlook Hinges on Fed Rhetoric; 104.20 Hurdle Remains Intact

Fresh rhetoric from Fed officials may keep USD/JPY afloat over the coming days as the central bank appears to be following a similar path to 2015.
Source: News FX

Stocks Pop Higher as U.S., U.K. Inflation Pose Gains

The U.S. Dollar and British Pound are both higher on the morning after gains on inflationary prints out of the U.S. and U.K., but stocks are also driving higher. Which of these observations may be signaling the ‘next theme’ for global markets?
Source: News FX

GBP Selloff May Have Hit Pause; Watch Oil’s Next Move

Energy prices have rallied in the last few weeks, setting up for a ‘base effect’ boost in upcoming US inflation data.
Source: News FX

Strong U.K. CPI Report to Fuel Larger GBP/USD Recovery

A marked rebound in in both the headline and core reading for U.K. inflation may foster a larger recovery in GBP/USD as it dampens bets for an imminent BoE rate-cut.
Source: News FX

AUD/NZD Approaches Key Slope of Influence- Longs at Risk Sub-1.0786

The pair is approaching a multi-year inflection slope putting the long-bias at risk near-term. Here are the targets & invalidation levels that matter.

Source: News FX

China’s Market News: China’s B-Shares Plunge Amid Yuan Weakness

The offshore USD/CNH touched above 6.75 while onshore B-shares fell more than 6%.

Source: News FX

NZD Resilient Ahead of 3Q CPI Report- Outlook Mired by Dovish RBNZ

The New Zealand dollar outperforms ahead of the region’s 3Q CPI report, with the headline reading for inflation anticipated to downtick from the previous quarter.
Source: News FX

Webinar: Is the Dollar Rip Ready to Slip?

Webinar highlighting featured setups we’re tracking on SB Trade Desk. Here are the updated targets & invalidation levels that matter this week.

Source: News FX

Oil Price Under Pressure on Output Worries, Hedge Funds Dump Gold

Gold prices are fighting to stay above $1,250/oz. as positioning data from CFTC shows many funds are dumping longs. Oil prices are also heavy on news of rising output in the Middle East.
Source: News FX