Ed Ponsi, CTA
FXStreet Contributor
You need to be logged in to view this content.
Summary
Ed Ponsi discussed real-time, interactive technical and fundamental analysis of the Forex markets. View and analyze live charts and news, uncover opportunities for upcoming trades, and answer participant questions during webinar.
Latest Live Videos
Editors’ Picks
AUD/USD flat lines below 0.6700 as hawkish RBA offsets weaker risk tone
AUD/USD struggles to gain any meaningful traction at the start of a new week and languishes near a multi-day low, touched on Friday amid mixed fundamental cues. A further escalation of geopolitical tensions weighs on investors' sentiment, benefiting the safe-haven US Dollar and acting as a headwind for the risk-sensitive Aussie. However, the RBA's hawkish outlook marks a significant divergence compared to the bets for more rate cuts by the Fed, lending support to the currency pair.
USD/JPY drifts higher above 158.00 as Takaichi is considering calling a snap election
The USD/JPY pair gains ground near 158.05 during the early Asian session on Monday. The Japanese Yen weakens against the US Dollar following a report that Japan’s Prime Minister Sanae Takaichi is considering calling a snap election for parliament's lower house in the first half of February.
Gold hits a fresh record high as rising geopolitical risks boost safe-haven demand
Gold scales higher for the third straight day and climbs to a fresh all-time peak, beyond the $4,550 level, during the Asian session on Monday. Reports that US President Donald Trump is weighing a series of potential military options in Iran following deadly protests in the country fuel the risk of a further escalation of geopolitical tensions amid the protracted Russia-Ukraine war. This, along with rising bets for more rate cuts by the Fed, offsets the recent US Dollar rally and is seen benefiting the safe-haven bullion.
Week ahead: US CPI might challenge the geopolitics-boosted Dollar
Geopolitics may try to steal the limelight from US data. A possible US Supreme Court ruling on tariffs could dictate market movements. Dollar strength might be tested if investors refocus on Fed expectations. A crammed data calendar next week, US CPI comes on Tuesday; Fedspeak to intensify. Euro weakness persists, lingering risk of deterioration in US-EU relations.
The weekender: The market that refused to blink and dispersion is the signal
Last week was supposed to be a week of verdicts. Jobs. Tariffs. Rates. Instead, markets got ambiguity and treated it like oxygen. December payrolls undershot expectations but remained well within the market-perceived bullish-for-equities tolerance. 50,000 jobs added and unemployment down to 4.4% kept the data squarely in the Fed no-action zone.
Week ahead – US CPI might challenge the geopolitics-boosted Dollar:
Geopolitics may try to steal the limelight from US data. A possible US Supreme Court ruling on tariffs could dictate market movements. A crammed data calendar next week, US CPI comes on Tuesday; Fedspeak to intensify.