US dollar, yields look set to close the gap with commodities

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US dollar, yields look set to close the gap with commodities forex.com/en-uk/news-and…

#Commodities have led the way for the #USD and #yields this year. Whilst the CRB index rally has paused, it still allows for some near-term upside on the dollar and 2-year, to send them to ~107…

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AUD/USD weekly outlook: AUD squares up to US dollar strength

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Canadian GDP growth surprised to the upside on Mar. 28, and wage inflation rose from 3.88% YoY to 3.90% YoY. After a rough start to 2024, could a hawkish Bank of Canada help the CAD outperform the USD in Q2?

$USDJPY closing print: 158.33

clean resolution to the ascending triangle that's built since the start of the trend in 2021

$USDJPY > 157.50

made fast work of 157.00

round #'s the focus now, 158, 159 and then 160 which is where I think the big spot is

it's almost 1AM in Tokyo, looks like the Yellen comment could've backed the MOF away from intervention ideas

U.S. Core PCE 2.8% v/s 2.6% expected, 2.8% prior

that's three straight months at 2.8%

starting to see inflation entrenchment in this data point, as well

US open:

#Stocks rise boosted by $GOOGL & $MSFT earnings
US core PCE was stickier than expected
Oil is set to rise across the week

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📈📉DAILY MARKET VIDEO📈📉

🇯🇵 $USDJPY surges toward 157 after the BOJ offers little pushback on yen weakness - intervention possible around JP bank holiday Monday

🔥 Core PCE was hot at 2.8% y/y as the decline in inflation continues to stall

🚨🚨🚨🚨🚨

US Core PCE (Mar) prints at 0.3% m/m (2.8% y/y), beating expectations of 0.3% (2.6%)

🚨🚨🚨🚨🚨

Ditch the euro, said BNP Paribas on Mar. 15, because “GBP valuations are cheap, and we expect U.K. yields to remain elevated compared to the rest of the world.” Is it just the fundamentals, or do the technicals support a EUR/GBP drop to 0.83?

Forex Friday: #USDJPY

👉forex.com/en-us/news-and…

· BoJ fails to halt yen’s decline, but there was hint of Japanese intervention near 170 handle
· Focus turns to key US data: Core PCE price index
· FOMC meeting, NFP report and ISM survey among next week’s highlights

$EURUSD

higher-high after that support hold at 1.0677 yday

the big data point for this week is still ahead with Core PCE

from the daily - bears can still retain trend control if they can hold a lower-high

resistance overhead at 1.0755, 1.0790-1.0796 and then the 200-dma

🅰️ ALPHABET / GOOGLE EARNINGS 🅰️

🔷 EPS prints at $1.89 vs. $1.50 expected.
🔷 Revenues came in at $93.5B vs. $91.3B eyed.

$GOOG is trading UP 12% in the initial after-hours move.

🪟 MICROSOFT EARNINGS 🪟

🔷 EPS prints at $2.94 vs. $2.84 expected.
🔷 Revenues came in at $62.0B vs. $60.9B eyed.

$MSFT is trading UP 5% in the initial after-hours move.

U.S. Dollar Builds Bull Flag Ahead of Core PCE Data, FOMC Ahead

forex.com/en-us/news-and…

$DJIA, $SPX, $NDX Forecast: US Indices Vulnerable Through Earnings Season

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#DAX tests key support here. Can we see a recovery here ahead of more US tech earnings, after stocks were hurt by fresh stagflation worries?

👉 forex.com/en-us/news-and…

US open:

$Meta slumps as the year of efficiencies comes to an end
US GDP falls, but core PCE rises in Q1
Alphabet $GOOGL and Microsoft $MSFT report after the close

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