James Stanley

1 month ago | cityindex.com | James Stanley |David Song |Fawad Razaqzada |David Scutt

USD/JPY is back to testing the 150.00 handle but notably, the pair has held up a bit better than DXY so far through this week’s open. GBP/JPY was back-and-forth grind last week as the pair re-tested the 190.00 handle, and now that bulls have broken through, GBP/JPY could be more attractive for bearish JPY themes. EUR/JPY and USD/JPY could be more attractive for Yen-strength scenarios, but the driver behind that has taken a step back after last Thursday’s Tokyo CPI numbers.

1 month ago | forex.com | James Stanley |David Song |Fawad Razaqzada |David Scutt

USD/JPY is back to testing the 150.00 handle but notably, the pair has held up a bit better than DXY so far through this week’s open. GBP/JPY was back-and-forth grind last week as the pair re-tested the 190.00 handle, and now that bulls have broken through, GBP/JPY could be more attractive for bearish JPY themes. EUR/JPY and USD/JPY could be more attractive for Yen-strength scenarios, but the driver behind that has taken a step back after last Thursday’s Tokyo CPI numbers.

1 month ago | cityindex.com | David Song |James Stanley |Razan Hilal

Gold Price Outlook: XAU/USDThe price of gold halts an eight-week rally as it continues to pull back from a record high ($2956). The price of gold starts to carve a series of lower highs and lows as it slips to a fresh weekly low ($2833), with the recent weakness in bullion pushing the Relative Strength Index (RSI) to its lowest level since December. Join David Song for the Weekly Fundamental Market Outlook webinar.

1 month ago | cityindex.com | James Stanley |David Scutt |David Song |Fawad Razaqzada

Gold prices had showed considerable strength since setting a higher-low at the FOMC rate decision in December, and for the eight weeks leading into last week, buyers continued to push. As I had discussed on Monday before the reversal had begun, the $3k level is a major spot and that’s the type of price that could hinder bullish trends. The next four days were aggressively bearish for gold as the metal dropped all the way down for a test of the 2830-2834 support zone.

1 month ago | forex.com | James Stanley |Michael Boutros |Matt Weller CFA |Julian Pineda

The U.S. Dollar continues to hold deeper pullback potential, and this week is key for that theme as the currency is currently showing an evening star formation on the monthly chart. In a mirror image of that, EUR/USD is working on a morning star formation but hasn’t yet been able to breach the 1.0500 level in the pair. Above that, a confluent spot of Fibonacci levels shows around 1.0610.