GBP/JPY appears to be defending the October low (178.10) as the recent rebound in the exchange rate keeps the Relative Strength Index (RSI) out of oversold territory.
GBP/JPY Outlook
GBP/JPY may attempt to clear the series of lower highs and lows from earlier this week as it bounces back from a fresh monthly low (178.35), and the RSI may show the bearish...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments. @DavidJSong
USD/CHF trades to a fresh weekly low (0.8691) amid the reaction to the Federal Reserve interest rate decision.
USD/CHF Rate Outlook
USD/CHF may continue to give back the advance from the monthly low (0.8667) as it extends the series of lower highs and lows from earlier this week, with a break/close below 0.8590 (78.6% Fibonacci extension) raising the scope for...
All the attention will be on the FOMC's final policy decision of the year today, with no expectations of further tightening. The market's pricing of 125 basis point rate cuts in 2024 will be tested, and given the Fed's cautious approach, there's a likelihood that Powell and the team will resist these expectations during today's meeting. Whether the market will...
The price of gold remains under pressure after spiking to a fresh yearly high ($2147), with the weakness in bullion pulling the Relative Strength Index (RSI) from overbought territory.
Gold Price Outlook
The price of gold sits near the monthly low ($1976) as it weakens for the third consecutive day, with a break/close below the $1973 (78.6% Fibonacci...
Join Sr Technical Strategist Michael Boutros live for key technical levels and setups he’s tracking into the start of the week. Discuss upcoming major events and its impact on currencies, commodities and major equity indices.
GBP/JPY approaches the October low (178.10) as it marks a five-day selloff for the first time since July.
GBP/JPY Outlook
GBP/JPY appears to have reversed course following the failed attempts to test the November 2015 high (188.81), with the exchange rate extending the decline from the start of December to register a fresh monthly low (178.59).
The sharp...
AUD/JPY trades near the monthly low (96.27) after failing to hold within an ascending channel.
AUD/JPY Rate Outlook
AUD/JPY may attempt to retrace the decline from the monthly high (98.07) as it no longer carves a series of lower highs and lows, with a break/close above the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region bringing...
USD/CHF extends the rebound from the monthly low (0.8667) to pull the Relative Strength Index (RSI) out of oversold territory.
USD/CHF Rate Outlook
USD/CHF snaps the series of lower highs and lows from last week, with a break/close above the 0.8760 (23.6% Fibonacci retracement) to 0.8770 (61.8% Fibonacci extension) region raising the scope for a move towards...
BTC/USD clears the May 2022 high ($40021) after breaking out of an ascending triangle, with the Relative Strength Index (RSI) climbing above 70 to indicate an overbought reading.
BTC/USD Outlook
BTC/USD extends the advance from the start of the month to register a fresh yearly high ($42154), with a break/close above the $41270 (100% Fibonacci extension) to...
GBP/JPY may stage further attempts to test the November 2015 high (188.81) as it tries to retrace the decline from the start of the week.
GBP/JPY Outlook
GBP/JPY registered a fresh monthly high (188.66) after failing to break/close below the 183.90 (50% Fibonacci retracement) to 184.80 (23.6% Fibonacci extension) region, and the recent weakness in the exchange...
AUD/JPY appears to be reversing course ahead of the monthly high (98.61) as it no longer trades within the confines of an ascending channel.
AUD/JPY Rate Outlook
AUD/JPY breaks below channel support following the failed attempts to test the 2022 high (98.77), with a close below the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region...
The price of gold trades to a fresh monthly high ($2044) as it rallies for the fourth consecutive day.
Gold Price Outlook
The price of gold may attempt to test the yearly high ($2082) as it carves a series of higher highs and lows, and a move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further advance in bullion like the...
USD/CHF extends the series of lower highs and lows from last week to breach the September low (0.8796).
USD/CHF Rate Outlook
At the same time, the Relative Strength Index (RSI) approaches oversold territory as USD/CHF registers a fresh monthly low (0.8794), with a move below 30 in the oscillator likely to be accompanied by a further decline in the exchange...
BTC/USD consolidates following the failed attempts to close above $37770 (78.6% Fibonacci extension), but Bitcoin may attempt to break out of the monthly range as an ascending triangle appears to be taking shape.
BTC/USD Outlook
BTC/USD may stage another rally as it seems to be trading within the confines of a continuation pattern, with a close above $37770...
GBP/JPY appears to have reversed ahead of the November 2015 high (188.81) as it extends the series of lower highs and lows from last week.
GBP/JPY Outlook
GBP/JPY continues to pullback from a fresh yearly high (188.29) after failing to push the Relative Strength Index (RSI) above 70, and the bullish momentum may continue to abate as the oscillator moves away...
The price of gold appears to have reversed ahead of the 50-Day SMA ($1927) as it extends the recent series of higher highs and lows to register a fresh weekly high ($1988).
Gold Price Outlook
The price of gold climbs above the $1973 (78.6% Fibonacci retracement) to $1977 (50% Fibonacci extension) region to approach the monthly high ($2004), with a breach above...
USD/CHF clears the October low (0.8888) after failing to retrace the decline from the monthly high (0.9113), and the exchange rate may continue to give back the advance from the September low (0.8796) as it extends the series of lower highs and lows from earlier this week.
USD/CHF Rate Outlook
USD/CHF may no longer respond to the positive slope in the 50-Day...
