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05 Apr BirthFXStreet offers live FX rates and charts, news, economic calendar, market analysis and more.
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Silver Price Analysis: Silver price could be forming a Bear Flag price pattern
Silver price may have formed a Bear Flag pattern on the 4-hour chart. The pattern suggests a continuation of the bearish trend to targets substantially lower. Support from a relic of long-term support and resistance at $25.80 is likely to provide a floor for any sell-off. Silver (XAG/USD) price may
After the US close, it’s the Tokyo CPI
Outlook After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%, and Trading Economics says the consensus forecast is 2.7% but it offers 2.7%. This looks li
Japanese FX intervention: Primed and ready
With USD/JPY trading above 155, markets are now on high alert for BoJ FX intervention. Having secured a joint press release with US and Korean authorities last week to acknowledge serious concern over yen weakness, Tokyo will now feel it has Washington’s blessing to enter FX markets. We look at when
Pre Core PCE hesitation
S&P 500 acted tired following Tuesday run, and respected my 5,135 level not to be reached. The exhaustion offered quite a few intraday opportunities to capitalize on, first short and then long. For all the positive corporate bond market posture, stocks are hesitating, but should act relieved esp
Oil edges up as US inventories decline to lowest level since January
Oil briefly spikes after US weekly EIA data showed a big decline in stockpiles. WTI Oil snaps $83, but faces resistance to break back above it again. The US Dollar Index retreats further, forming a bearish pattern. Oil prices edge up on Thursday as traders digest the US Crude Inventory release, whic
Forex trading on USD/JPY, Bank of Japan at critical point – Trading long on WTI [Video]
In our last video we looked at the weakness of JPY. Could it get any worse? Yes, apparently. Before we get into it don’t forget to Like, Follow and Subscribe and feel free to leave a comment on what you would like to see in future videos. OK, in all my years of making these videos, I am doing someth
NZD/USD Price Analysis: Extends winning spell to 0.5960
NZD/USD rises to 0.5960 as US Dollar exhibits a weak footing ahead of US Q1 GDP data. The consensus shows that the US economy expanded by 2.5% in the January-March period. The New Zealand Dollar moves higher on improved demand for risk-perceived currencies. The NZD/USD pair extends its winning strea
USD/JPY ticks higher ahead of BoJ meeting
The Japanese yen continues to lose ground on Thursday. In the European session USD/JPY is trading at 155.61, up 0.17%. Earlier, the yen dropped to a 34-year low of 155.74. Friday will be a busy day out of Japan. Tokyo Core CPI, which excludes food, is a key leading indicator of nationwide inflation
USD/JPY climbs relentlessly ahead of BoJ meeting
The USD/JPY extends its uptrend despite verbal intervention from the Minister of Finance. The wide differential between US and Japanese interest rates is seen as a major factor contributing to the rise. The idea that a lot is already priced into the US Dollar could limit USD/JPY upside. The USD/JPY
Market turbulence: Earnings concerns and Fed speculation rock stocks
TSLA and TXN FAIL to continue the rally. META sends stocks reeling in the afterhours. The QQQ’s fall 1%, US futures pointed lower this morning. OIL and Gold hold steady. Bond market prepares for the 7 yr. auction. GOOG & MSFT After the bell tonight. Try the Zucchini/Potato Croccante. Stocks didn
Worst of both worlds: Are the risks of stagflation elevated? – Part II
Summary In the first installment of this series, we presented a simple framework to characterize stagflation and identified 13 instances in the United States since 1950. Episodes vary in severity, but each posed unique challenges to monetary policymakers. In this second report, we briefly review his
Mexican Peso broadly weaker as market sentiment sours
The Mexican Peso falls as market sentiment turns negative. Equities are down after Meta shares tumbled on Q2 guidance and rising Middle East tensions. The Peso loses ground against the Euro after Bund yields spike on Bundesbank president’s comments. The Mexican Peso (MXN), which is especially sensit
GDP data is by far the hardest information to obtain
Current GDP at 3.4 vs Inflation 3.5. GDP and Inflation are the exact same averages except both move in opposite directions but never by much. At the 2 year average, GDP and Inflation Correlate at -67%. The 2 year average covers the period from 2024 to 2022. The same -67% is seen from the period 2023
Earnings in full flow – Focus turns US GDP and Core PCE data
Notes/observations - FTSE100 outperforms after busy morning for corporate results sees healthy performance in UK names. - Macro focus on US Q1 GDP Price and Consumption. Japanese Yen holds above 155 against dollar despite intervention fears. Market watches for FX movement amid key economic data. - U
Pull-up Update
