XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.
U
U

USDJPY

Analysis

Analysis - 17 hours ago

Volatility picks up in specific asset classes – Volatility Watch

Euro/dollar volatility jumps aggressively higherVolatility remains very low in commodities, apart from goldStock indices experience below average volatility.Euro/dollar volatility has increased significantly over the past week, as the dollar continues to benefit from Trump’s win and the Fed’s mixed messages regarding the December 18 meeting. Euro crosses are experiencing elevated volatility, partly due to the weak euro area data keeping the door open to a sizeable ECB rate cut in December.
G
U
U
U
B
E
G
G
E
E
U
G
S
J
O
Analysis - 19 hours ago

Will the Santa Claus rally reappear this year?

Equities and volatility tend to increase after the Thanksgiving holidayFX and commodities do not follow a specific pattern in the examined periodPost-Thanksgiving performance of equities in election years is very positiveEuro/dollar and WTI oil rally when Thanksgiving falls on November 28Thanksgiving holiday approachesThe month of November has been quite eventful, with the US presidential election monopolizing the market’s interest and causing significant asset movements.
G
U
U
B
E
U
O
V
Analysis - 2 days ago

Weekly Technical Outlook – NZDUSD, USDJPY, EURUSD

RBNZ to cut rates again with NZDUSD remaining in negative territoryUS core PCE may give some clues for the next Fed meeting; USDJPY near 155.00Eurozone flash CPI on the agenda; EURUSD tumbles 5% in three weeksRBNZ decision --> NZDUSDThe RBNZ is expected to cut rates by 50 bps on Wednesday. Formerly recognized for its aggressive stance during the global tightening cycle, it executed a significant policy reversal over the summer by initiating a loosening campaign before the Fed's comme
U
E
N
Analysis - 2 days ago

Daily Comment – Geopolitics and Trump’s cabinet selections guide market sentiment

Possible ceasefire in Lebanon, gold divesA shortened week in the US due to Thanksgiving celebrationsTrump’s Treasury Secretary nomination pleases equity marketsDollar loses ground against euro and yen; bitcoin fails at $100kPossible ceasefire in Lebanon, gold takes noticeContrary to the continued escalation in the Ukraine-Russia conflict, the outgoing US administration under President Biden is reportedly making a last-minute effort to achieve a ceasefire in the Middle East.
G
U
U
B
E
Analysis - 5 days ago

Week Ahead – RBNZ to slash rates ahead of US and Eurozone inflation data

RBNZ is expected to cut rates by 50 bps at its last policy meeting of 2024But will PCE inflation data give the green light for a Fed cut?Eurozone flash CPI also critical for ECB’s December decisionRBNZ set for third rate cut The Reserve Bank of New Zealand will kick-start the end of year policy meetings of the major central banks when it announces its decision on Wednesday.
U
E
A
N
U
U
Analysis - 5 days ago

Daily Comment – Dollar and gold gain as geopolitical risks and eurozone data worsen

Gold continues to gain, as geopolitics generates headlinesHawkish Fedspeak and strong US data support the dollarEuro suffers from another weak set of PMIsYen fails to benefit from stronger inflationWar rhetoric continues, gold takes noticeThe Ukraine-Russia conflict remains in the spotlight. The aggressive rhetoric from both sides continues, with US President Biden giving the green light for the use of anti-personnel mines, banned by more than 150 countries, and Russia responding by launching an
G
U
B
E
U
Analysis - 6 days ago

Midweek Technical Look – USDJPY, EURGBP, Oil

USDJPY is encountering some challenges but continues to maintain an overall uptrendThe outlook for EURGBP remains bearish, with attention shifting back to the 0.8260 levelWTI oil futures are fluctuating within a neutral range; bulls need to show stronger momentum
U
E
O
Analysis - 6 days ago

Daily Comment – Nvidia fails to lift markets, dollar stands tall

Stocks remain directionless even after stellar earnings by NvidiaDeclining odds for December Fed rate cut weigh on marketsDollar holds near highs, yen rallies, Bitcoin soars to $97,000Nvidia can’t satisfy lofty expectationsEquity markets continue to trade with lackluster momentum, struggling for direction even after AI giant, Nvidia, announced outstanding third quarter earnings.
G
U
U
B
G
N
C
Analysis - 6 days agoNeutral

Technical Analysis – USDJPY shows some stress; still in an uptrend

USDJPY trims gains, falls below steep bullish channelNew sellers could show up below 153.00-153.55USDJPY came under pressure early on Thursday, trimming Wednesday’s moderate gains and putting its two-month-old bullish channel at risk once again.The technical signals are not providing clear direction, with the falling RSI maintaining a sideways trajectory above its 50 neutral mark and the stochastic oscillator pointing down despite posting a positive cross.Perhaps a downside correction may not
U
Analysis - 1 week ago

Daily Comment – Stocks cautiously edge up amid geopolitical and inflation risks

Softer yields lift stocks despite Ukraine fears and rate cut doubtsGold extends rebound, oil also higher in choppy tradingDollar on the backfoot amid lack of direction as yen firmsStocks rebound but struggle for momentumEquity markets were in a perky mood on Tuesday as a recovery on Wall Street helped Asian stock markets advance, although European shares were more mixed.
G
U
U
U
E
A
G
U
T
O
Analysis - 1 week ago

Volatility returns to normal levels after US election calmness – Volatility Watch

Euro/dollar volatility edged higherVolatility remains low in the commodities spaceStock indices experience average volatility despite selloffEuro/dollar volatility has edged higher, as the dollar continued to gain from Trump’s recent win, pushing the euro/dollar pair to a one-year low. Interestingly, last week's change in Fed Chair Powell’s stance regarding the timing of the next rate cuts did not materially benefit the dollar.
G
U
U
B
E
G
G
E
E
U
G
S
J
O
Analysis - 1 week agoBullish

Technical Analysis – USDJPY remains supported

USDJPY holds within bullish channelSellers wait below 153.00USDJPY found immediate support at the lower band of a bullish channel and returned to the 154.00 area on Monday, raising hopes that Friday’s notable pullback from a four-month high of 156.73 could be easily reversed.The technical indicators provide no clear direction, with the RSI moving sideways in the bullish area, and the RSI and the MACD decelerating. Still, as long as the floor near 154.00 holds, the focus may remain on the upsi
U
Analysis - 1 week ago

Daily Comment – Gold edges up amid Ukraine tensions, stocks and dollar subdued

Gold rebounds as Biden lets Ukraine use long-range missiles on RussiaYen slips again after Ueda offers no clues on December hikeEquities mixed as Trump trade fadesUkraine war escalates as Biden U-turns on missilesThe conflict between Ukraine and Russia took a dangerous turn on Sunday after President Biden gave Kyiv the green light to use long-range US missiles inside Russia.
G
U
N
U
O
Analysis - 2 weeks ago

Week Ahead – Flash PMIs, UK and Canadian CPI data enter the spotlight

Almighty dollar awaits PMIs for more signs of Fed cut delaysEurozone PMIs also on tap amid speculation of bigger cut by ECBPound could benefit from data pointing to rebound in inflationCanadian and Japanese CPI numbers also on the agendaTrump’s election raises bets for a Fed pauseThe US dollar continued flexing its muscles for another week, with the so-called ‘Trump trades’ showing no signs of cooling as the president-elect Republican party will control both chambers of the US Congress, wh
U
E
G
U
Analysis - 2 weeks ago

Daily Comment – Wall Street loses more steam as Powell not in a hurry to cut rates

US stocks set for weekly loss as Powell adds to Fed’s hawkish soundbiteBut dollar unable to hit fresh highs; US retail sales eyed nextYen firms after verbal intervention; euro also reboundsDecember cut in doubt after Powell commentsFed rate cut expectations were dramatically pared back on Thursday after Fed chief, Jerome Powell, rounded up the week’s hawkish rhetoric by adding to the sense of caution about the pace of easing.
U
U
U
E
A
G
T
D
U
Analysis - 2 weeks ago

Daily Comment – Dollar wavers on US CPI, surges on hawkish Fed remarks

US CPI meets expectations, bolstering rate cut hopesBut Fed hawks spoil the mood as dollar hits one-year highGold continues to bleed even as stocks stumble Dollar ascends as Fed wary after CPI reportThe US dollar’s post-election surge shows no sign of ending as it advanced to one-year highs against a basket of currencies on Thursday, causing fresh pain for its rivals.
G
U
B
E
A
U
D
Analysis - 2 weeks ago

Quick Brief – US CPI ticks higher in October as expected, dollar dips slightly

Headline CPI edges up to 2.6% from 2.4%; Core CPI unchanged at 3.3%But rate cut bets for December strengthen CPI inflation in the United States rose from 2.4% in September to 2.6% y/y in October, while core CPI that excludes food and energy prices remained unchanged at 3.3% y/y. Both were in line with expectations, offering some relief to investors who were spooked by hawkish Fed remarks on Tuesday.Minneapolis Fed President Neel Kashkari warned that an upside surprise in inflation before the De
U
Analysis - 2 weeks agoBullish

Technical Analysis – USDJPY stretches uptrend into 155 area

USDJPY resumes uptrend, unlocks 3½-month highShort-term bias is positive; July’s barrier could pose a testUSDJPY broke into the 155.00 territory for the first time since July, reigniting optimism that the upleg which started in mid-September has more room to run.That said, the pair seems to be facing an obstacle near the 155.20 level – the same zone that sparked a sharp downfall at the end of July.
U
Analysis - 2 weeks ago

Daily Comment – US CPI report could reverse the post-election euphoria

Markets take a breather as Trump assembles his teamFocus turns today to US inflation and FedspeakGermany prepares for snap election, euro on the back footYen underperformance continues, intervention talk resurfacesMusk joins Trump’s team, Germany sets election datePresident-elect Trump is gradually assembling his cabinet, with the market anticipating the most crucial appointment, the Treasury Secretary.
G
U
U
B
E
Analysis - 2 weeks ago

What October’s CPI could mean for the Fed and the US dollar? – Preview

US headline CPI inflation expected to bounce up to 2.6%Inflation stickiness could put December’s rate cut under examination   Fed to stick to its plan, at least for nowAs the Powell-Trump relationship remains at odds, one thing remains clear: the Federal Reserve's focus on price stability and maximum employment will likely stay on course, regardless of the political shift.
U

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.