Global political events and oil prices remain tightly intertwined. BoJ no-hike disappoints hawks, oil correction continues. Canadian inflation heats up, CAD strengthens. Technical setups offer potential trading opportunities.


Hot Topics:

  • Central Bank Decisions: BoJ stands pat, RBA minutes offer mixed signals, hawkish Fed official hints at fewer rate cuts than expected.
  • Inflation Data: Canadian CPI hotter than expected, boosting CAD.
  • Oil Prices: Correction underway after a turbulent period driven by geopolitical events.
  • USD Outlook: Potential for depreciation due to weakening inflation and hint of rate cuts.


Major Currency Movers:

  • CAD: Strongest performer, surging on higher inflation and oil rally.
  • JPY: Weakest, hit by BoJ’s unchanged policy and hawkish expectations.
  • AUD & NZD: Outperformed on improved risk sentiment and data.


Technical Analysis:

  • Oil (XBRUSD): Bullish bias, key resistance at $77.6-$78.6, potential for further growth if breaks above.
  • EUR/USD: Holding near 1.0920, potential for long or short positions depending on break above or below pivots.
  • NZD/USD: Congested near 0.6200, long or short positions possible based on break above/below pivots.



  • The interplay between global politics, oil prices, and central bank policies is shaping the FX market landscape.
  • Investors should be flexible and adaptable to navigate the dynamic market environment.
  • Technical analysis can offer valuable guidance for identifying potential trading opportunities.
Categories: Market News

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