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Japanese PM Takaichi says are checking daily market moves including yields and FX
Analysis Details
Around five minutes ago the PM said she will not comment of FX and market moves.
XTIUSD (WTI)
- Crude oil getting whipoed around by latest geopolitical peace talks headlines.
- Latest has seen the trendline and 64.14 (briefly so far) broken.
- It is hard to have a conviction in a headline driven market where moves outside of 62-65 would be needed to suggest more than w hipsaw move.
XTIUSD 4 HOUR CHART
[MARKET UPDATE] Crude futures edge higher amid wider airing of the Axios reports that the Trump administration is closer to a major war with Iran than people realise; WTI and Brent April both at fresh session highs
XAUUSD (GOLD) UPDATE
- Trying to build momentum off a higher low but so far stymied by 4944 (high 4942) resistance, the level that guards a shift in risk back to 5000.
- This leaves XAUUSD in a no man’s land but one change is there are no stops to go after until 4841-53, suggesting a two-way trade if a 4841-4944 range holds.
XAUUSDÂ 1 HOUR CHART
Forex Market Snapshot
- The dollar is trading mixed to a touch firmer although within yesterday’s ranges except vs a weaker NZDUSD.
- USDJPY so far breaking a 5-day pivot around 153, a potential bullish sign BUT only if yesterday’s 153 91 high is taken out.
- EURUSD trading within 1.1800-50, the latter being pivotal while within 1.18-1.19
- GBPUSD has recovered some ground vs. the EUR and consolidating vs the dollar after testing sub-1.35 yesterday following the UK jobs report. GBP getting a lift today from a miss (higher than expected) CPI.
- Otherwise. US stocks ate trading higher to set a risk on mood.. Focus is on FOMC minites later on.
AUDUSD (4HR)
AUDUSD retreated during the recent trading session after facing resistance near the 0.7100 level, triggering a mild corrective decline. The move appears to reflect a short-term pause in upward momentum rather than signaling a confirmed trend reversal.
Despite the short-term weakness, the pair continues to trade above the EMA50. Price action still remains aligned from the ascending trend line extending from mid-January lows. The broader technical outlook remains constructive as long as the pair holds above the support formed by the EMA50 and the rising trend line
NZDUSD (4HR)
The New Zealand dollar slipped after RBNZ kept its cash rate unchanged, and said that monetary policy is expected to remain accommodative for an extended period, though leaving open the possibility of a rate hike later this year.
The pair is now testing a horizontal support zone around 0.5980–0.6000. A sustained move below this area could expose deeper support near 0.5900 and potentially the 200 EMA. Immediate support is around 0.5900, if the broader bullish momentum remains intact and this level holds, resistance is likely near the recent high at 0.60925.
February 17 Post-Market Earnings Release Stocks
(CNDS) Cadence Design Systems posted Q4 earnings of $388.13 million ($1.42/share), up from $340.21 million. Revenue rose 6.7% to $1.44 billion, exceeding estimates
(SSRM) SSR Mining’s operating income surged to $461.4 million, reversing last year’s loss of $322.3 million. The net income reached $362.4 million, up from a net loss of $352.6 million
(PANW) Palo Alto Networks reported Q1 earnings of $1.03 per share, beating estimates. Revenue hit $2.6 billion, up 15%. Guidance for Q3 earnings is lower, causing an 8.4% after-hours drop
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