TRENDING:

GBP/USD

XAU/USD

JPY weaker, VIX falling, stocks rebound – What's next?

Frank Walbaum FX Strategies.Asia

Important news for the day

Wed, 07th, 00:45 CET NZ Unemployment rate.

JPY rallye

The strength of the Japanese Yen seems to have stopped for now. Most JPY currency pairs have started to appreciate again, showing further weakness in the Japanese currency after the BoJ stated that they won’t raise rates further if markets would remain unstable. The current situation might also help the Nikkei index further. The index lost more than 12% on Monday before gaining about 10% back thereafter. Also today it looks like the positive sentiment might continue.

Market talk

The Dollar is currently starting to appreciate again against most other currencies. In light of the negative headlines from the economic sight the Greenback might weaken again, though. Currently no flight to safe- haven assets can be seen as in particular Gold prices remain in a sideways pattern without offering positive momentum for now. The oil market is approaching an important support zone. Should the area at around USD 73.00 not be broken, further upside might occur. This could also help the CAD further, which geared up steam against most other currencies.

Tendencies in the markets

Equities positive, USD mixed, cryptos positive, oil at support, metals sideways, JPY weaker.

Author

Frank Walbaum

FX Strategies.Asia

Frank has been working in the TV business for several years. Acquiring his skills in Germany’s biggest broadcasting station, he then chose to work and live in Asia, which was in 2007.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD moves sideways below 1.1800 on Christmas Eve

EUR/USD struggles to find direction and trades in a narrow channel below 1.1800 after posting gains for two consecutive days. Bond and stock markets in the US will open at the usual time and close early on Christmas Eve, allowing the trading action to remain subdued.

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders move to the sidelines heading into the holiday season.

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.