FOMC minutes

USDJPY retested the 150 zone for the first time since December 2024, alongside a rise in 10-year government bond yields to 16-year highs. Meanwhile, EURUSD remains above 1.04 ahead of upcoming Flash PMI releases.

USDJPY, Nasdaq Forecast: The Japanese Yen is back at BOJ intervention risk levels, and the Nasdaq is struggling below the 22,000-threshold with a more hawkish-than-expected Fed tone. Non-farm payrolls, earnings, and inflation metrics are the next key events likely to shift the market tone.

Crude Oil Update: With both the Chinese and US economies reporting economic statistics previously seen in 2009, bearish pressures have driven oil prices back towards the 2024 lows, raising concerns about a potential decline into the $60 price range.

EURUSD, Silver Analysis: Following the EURUSD’s breakout ahead of the US Dollar, the Euro has retested its December 2023 highs, while Silver has regained positive momentum, continuing its primary uptrend.

USDJPY Forecast: The bearish sentiment surrounding the U.S. dollar is dominating the week ahead, driven by expectations of a dovish outlook from the Federal Reserve, which is pushing the USDJPY pair back toward the 145 level. On the other hand, expectations surrounding Japanese monetary policy remain a significant factor, particularly in light of the evolving inflationary trends in Japan.

Crude Oil Forecast: Oil market volatility is expected next week with Powell’s economic outlook and crude oil inventory updates.

EURUSD, DXY Analysis: With the U.S. Dollar Index (DXY) holding above its crucial 102 support level, the EURUSD pair struggles to maintain its position above the 1.10 mark. The question remains: Will the Dollar’s support be breached with the upcoming Federal Reserve outlook?

EURUSD Forecast: EURUSD is trading above of its key consolidation ahead of FOMC minutes

Crude Oil Update: in light of increasing geo-political risks, environmental risks, OPEC+ quota alignment, and anticipated summer season demand, oil is surpassing 2-month highs. Where is the next resistance?

Crude Oil Outlook: Crude oil breaks above its 7-day consolidation, and key 82 level ahead of monthly close.

Dow Jones Forecast: Market euphoria was halted by hawkish FOMC minutes. Will charts be able to reflect resiliency?