FOREX.com

1 day ago | forex.com | David Scutt

USD/JPY Payrolls Primer USD/JPY has been rangebound this week heading into a period laden with major risk events, as flagged in the week-ahead report released last weekend. Given the historical precedent around this time of the month, the flakey price action seen recently may soon give way to something more meaningful, with U.S. nonfarm payrolls and CPI set to shake things up.

2 days ago | forex.com | David Scutt

GBP/USD capped below 1.3600, holding uptrend support U.K. data surprises support Sterling, BoE cuts pushed out U.S.–U.K. yield spreads shifting in Sterling’s favour ECB, U.S. CPI and payrolls to drive volatility aheadSummary GBP/USD traders will soon have to decide whether to extend the bullish move that started in early January, with the pair capped beneath 1.3600 while simultaneously squeezing up against uptrend support.

3 days ago | forex.com | David Scutt

Core CPI jumped to 13-month highs in April Q1 GDP beat on export surge Markets now favour BoC hold in June USD/CAD supported at wedge base again BoC rate decision 9.30am ET, press conference 10.30am ETSummary A reacceleration in core inflation has upended near-term BoC rate cut bets, with markets now favouring a pause in June despite stronger-than-expected GDP.

5 days ago | forex.com | David Scutt

Silver posted biggest daily gain since October, breaking above $34.55 Momentum still supportive, with bulls eyeing break of $34.87 Gold also looks constructive after reclaiming $3367 resistanceRenewed U.S. dollar weakness—sparked by a resumption of trade tensions and a reversal of month-end flows—combined with technical buying to deliver silver’s largest one-day gain since October on Monday, leaving the price on the cusp of breaking to fresh multi-decade highs.

1 week ago | forex.com | David Scutt

USD/JPY held firm despite bearish signals as short-covering lifted the dollar Correlations with risk proxies remain strong, especially S&P 500 and gold Treasury calm and steady U.S. data flow underpinned appetite for risk May non-farm payrolls and unemployment rate in focus this week USD/JPY Range trade favoured with mild bearish bias Summary The sell signals may have been stacking up for USD/JPY last week but the headlines didn’t oblige, with a sustained bid in U.S. Treasuries combining with...