Markets Weekly Outlook – Trump 2.0 Takes Flight as BoJ Decision Looms

It was a strong week for US stocks and gold, with the S&P rising about 3% by the end of the week. Markets are bracing for potential volatility and policy surprises as Donald Trump is inaugurated as US President. The Bank of Japan (BoJ) meeting on January 24th is a key event, with potential for […]

China’s GDP beats forecast, Aussie shrugs

The Australian dollar has edged lower on Friday. In the European session, AUD/USD is trading at 0.6198, down 0.22% at the time of writing. Will strong China numbers boost the Aussie? There was good news out of China on Friday, highlighted by GDP which was stronger than expected. The economy expanded by 5.4% y/y in […]

Will the BoJ Save the Yen and Sink GBP/JPY?

Weak UK retail sales and GDP data has put pressure on the British pound. Rumors suggest the Bank of Japan (BoJ) may hike rates next week, which could impact the Yen and GBP/JPY. On shorter timeframes (daily and hourly), there’s potential for a bounce and retest of broken trendlines, with resistance levels around 191.50 and […]

GBP/USD slips after soft UK retail sales

The British pound is lower on Friday. In the European session, GBP/USD is currently trading at 1.2201, down 0.27% on the day. The pound can’t find its footing and is down 2.5% in January and a massive 8.8% since October 1. UK retail sales miss expectations UK retail sales ended the week on a disappointing […]

GBP/JPY Technical: Bearish breakdown from 4-month range

Japan’s overnight swap rates have indicated rising odds of a BoJ interest rate hike next week. JPY crosses have lost upside momentum in the last four weeks; the weakest among the G-10 is the GBP/JPY. A potential looming medium-term downtrend phase has kickstarted for GBP/JPY. This is a follow-up analysis of our prior report “USD/JPY: […]