KVB Today's Analysis: USD/JPY Eyes Volatility Ahead of BoJ Policy Meeting and US Data
The USD/JPY pair rises to 154.35 during the Asian session as the Yen strengthens against the Dollar for the fourth consecutive session, nearing a 12-week high. This is due to traders unwinding carry trades ahead of the Bank of Japan's expected rate hike and bond purchase tapering. Recent strong US PMI data supports the Federal Reserve's restrictive policy. Investors await US GDP and PCE inflation data, indicating potential volatility ahead of key central bank events.
Today's analysis: USDJPY Poised for Increase Amid Bank of Japan's Strategy
The USD/JPY is expected to rise. The Bank of Japan will keep interest rates between 0 and 0.1% and continue its bond purchase plan but may reduce purchases and raise rates in July based on economic data. Technically, the pair is trending upward with resistance at $158.25 and $158.44, and support at $157.00, $156.16, and $155.93.
Crude Oil Prices at Risk if US Economic Data Cool Fed Rate Cut Bets
Crude oil prices may fall if upbeat US retail sales and consumer confidence data cool Fed rate cut bets and sour risk appetite across financial markets.
Crude Oil Prices May Struggle to Sustain Gains on Inventory Data
Crude oil prices may struggle to sustain gains even as overall market sentiment brightens if EIA inventory data reveals stockpiles grew last week, souring demand bets.
Gold Price Outlook: XAUUSD Spikes, Snaps Back to Fibonacci Support
Gold prices continued their bullish ascent this morning, spiking above the 1555 level after the open. Most of those gains have already been faded-out.
Crude Oil Prices Eye Chart Barrier as Markets Weigh Fed, ECB Policy
Crude oil prices have run into four-month chart resistance as markets await cues from Julys FOMC and ECB meeting minutes as well as the Jackson Hole symposium.
Crude Oil Prices May Fall as US Data Feeds Growth Slump Fears
Crude oil prices may continue to fall alongside stocks if soggy US retail sales and other data continues to feed fears about a looming slump in economic growth.
Crude Oil Price Drop May Resume as Risk Appetite Evaporates
Crude oil prices may succumb to selling pressure once again after a brief respite as trade war worries push markets to reduce exposure ahead of the weekend.
Crude Oil Prices Eye 2-Month Low as Trade War Sours Global Growth
Crude oil prices seem poised to revisit two-month lows near the $50/bbl figure as US-China trade war escalation sours global economic growth expectations.
Gold Price Leaps to 6-Year High on Trade War Bid, Silver Battles Resistance
Gold continued to soar, boosted by a strong risk-off move as US-China trade relations continue to deteriorate. Silver playing catch-up and nears recent resistance.
Crude Oil and Gold Prices May Fall Further on BOE Rate Decision
Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets ultra-dovish policy outlook.
Gold Price Eyes Fed, but Gold Volatility (GVZ) Hints at Upside
Gold prices will likely take cue from the July Fed meeting, but using gold price volatility as a bellwether suggests XAUUSD might rise.
Gold Price Outlook: Support Holds, FOMC-Fuelled Breakout Looms
The daily gold price chart shows the recent uptrend support line holding firm while resistance now looks increasingly vulnerable. Will the FOMC break the impasse？
Gold Price Gains Kept Afloat by Robust ETF Holdings and Demand
Gold price gains have stalled over the last two weeks, but continuous demand for gold exposure in the ETF market could look to assist the trend higher.
Gold Price Prepares to Breakout as FOMC Rate Decision Nears
Gold continues to bide its time before its next move with price action tempered ahead of next weeks FOMC rate decision when the Fed is fully expected to start cutting interest rates.
Gold Prices Break, Pull Back on ECB; Will Bulls Drive Ahead of FOMC？
Gold prices put in a quick breakout around this morning's ECB rate decision, but quickly returned back to trend-line support. Can bulls continue to push ahead of FOMC？
Crude Oil Prices May Fall as Gloomy ECB, US Data Spook Markets
Crude oil prices may fall if downbeat commentary from the ECB and soft US durable goods orders data stokes global slowdown fears and spooks financial markets.
Crude Oil Prices May See Clashing Cues in Eurozone PMI, EIA Data
Crude oil prices might face conflicting cues as Eurozone PMI data warns of slowing global demand while EIA inventory data reveals a hefty drawdown.
Gold Price Soars Through Resistance, Consolidation Needed Ahead of Next Push
Gold broke out of its recent pennant formation to the upside Thursday and may push even higher although a period of consolidation is needed to strengthen the next move.
Crude Oil Prices May Rise While Gold Falls as Markets Consolidate
Crude oil prices may turn higher while gold pulls back from recent highs as commodity markets digest recent volatility into the end of the trading week.
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