A week ahead preview: Markets continue to surprise to the upside after the key Central Bank meetings, but the biggest action is yet to come as the new month begins. Get ready for the upcoming week by looking at the past week's Market performance, what changed and the key events to expect in next week)
Forex
AUD/USD holds to minimal gains of 0.10% late in the North American session, yet poised to finish the week up 0.84%. At the time of writing, the pair trades above 0.7200 as the ‘bullish engulfing’ chart pattern caps the Aussie on the downside.
The USD/JPY pair experienced a violent shift after the Japanese Ministry of Finance intervened following the breach of the 160.00 level. This estimated $30B intervention sparked a 2.2% yen rally. We assess the technical outlook and argue that, based on precedent, the action may only buy time, ensuring heightened volatility
Forex
GBP/USD clears the 1.3600 barrier, up over 0.50%, as the Greenback gets battered for the second straight day amid speculation that Japanese authorities continued an intervention in the FX space to prop up the Yen. At the time of writing, the pair trades at 1.3650, up 0.38% near a ten-week high.
Indices
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: Major US Indexes surge on broad-based earnings momentum and a resilient US economy, though the Dow Jones fails to breach its 50,000 level. With a flat Manufacturing PMI of 52.7 and Crude Oil not breaching $100, explore an intraday technical analysis of the Dow, Nasdaq, and S&P 500 for the afternoon.
Crypto
ETH Crypto Update: Ethereum breaks out of its multi-month downtrend following a brutal 64% correction. Consolidating above the $2,100–$2,300 pivot, ETH pushes above its downward channel as traders pivot from traditional assets. Explore our technical analysis of ETH/BTC and key levels.
Forex
BNY’s Bob Savage highlights that suspected FX intervention has driven a sharp Japanese Yen rebound, with the Ministry of Finance signaling readiness to act in both currency and crude oil futures. The focus is now on key USD/JPY levels around 155–158 as authorities seek to counter Yen weakness.
Forex
The Euro (EUR) has turned positive against a weaker US Dollar (USD) on Friday, and is trading at 1.1742 at the time of writing, a few pips short of the top of the weekly trading range, at 1.1755.
Commodities
Silver (XAG/USD) is trading within the lower ranges of the $73.00s during Friday’s European session following rejection at a previous support area around $75.00 earlier on the day.
Commodities
Gold slides on Mideast conflict fears and a strong USD. Technical analysis confirms a bearish shift, targeting $4,500 as the ultimate support. Will bulls hold the line?
