Japanese Yen Forecast: USD/JPY Blasts Off as Broader US Dollar Breaks Out

USD/JPY goes on the offensive and attacks channel resistance, supported by the broader U.S. dollar’s breakout following a strong rally in Treasury yields.

from DailyFX – Market News https://bit.ly/44EqRG3
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Oil Trades Higher as Saudi, Russian Supply Cuts Extend Until Year End

Signs of waning bullish momentum ended abruptly after Saudi Arabia and Russia announced the extension of their voluntary production cuts. Brent and WTI up over 1%

from DailyFX – Market News https://bit.ly/45E4Vfw
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USD/CAD Price Forecast: Loonie Brittle Ahead of Tomorrow’s BoC Rate Decision

USD/CAD apprehensively awaits the BoC rate announcement & US ISM services PMI while negative divergence develops on the daily chart.

from DailyFX – Market News https://bit.ly/3EoJlzE
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Euro Price Outlook: Long-Term Level Caves as Downside Risks Accrue

Worse-than-expected European data provided the catalyst for EUR/USD to break beneath a long-term level of support. Elsewhere EUR/GBP rises despite encouraging UK data

from DailyFX – Market News https://bit.ly/3qYM0wY
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