Ilya Spivak

Crude oil prices may fall as slowing global growth erodes demand while the evolution of the conflict between Russia and Ukraine offers hope for easing geopolitical supply risks.

The Japanese Yen spiked lower as the Bank of Japan stuck close to a familiar script with its monetary policy announcement, cooling worries about FX intervention.

The Australian Dollar struggled as the RBA issued a 50bps interest rate hike, as expected. Traders may now look to global stock market sentiment for a directional lead.

The Australian Dollar fell in the wake of disappointing economic data out of China while the Japanese Yen rose despite a soft second-quarter GDP result.

The Euro is bracing for impact as markets await the fate of Italian Prime Minister Mario Draghi while the ECB readies a pivotal policy announcement. Nord Stream 1 has come to life.

Gold prices may continue to fall as high-flying global inflation data boosts bets on central bank tightening, tarnishing non-yielding bullion’s appeal. A measured ECB may offer a temporary lifeline.

The Euro stabilized in the second quarter – pausing a downtrend in play since December 2020 – as ECB officials finally signaled a readiness to act against surging inflation.

The Euro has steadily depreciated against a basket of major currencies since Dec. 2020. Tellingly, that turning point coincided with topping gold prices and the start of a creep higher in Fed rate ...

The Australian Dollar has been trading as a barometer of the markets’ recession fears. It may fall in the week ahead as worries about global growth continue to fester.

The Euro is threatening to pierce the bottom of a range limiting downside progress against the US Dollar for over seven years. Trader positioning hints at momentum for a breakdown.