technical analysis

Decoding the Weakening Dollar and the Ascendancy of the Yen

The USD declined significantly over the last four weeks with the biggest gains for the SEK and the JPY, while AUD, CAD and NZD lagged behind. EM currencies were on balance stronger as well but with more dispersions.

Brent Crude Prices Struggle Amid U.S. Sanctions, Supply Concerns, and Tariff Fears

• Brent crude oil prices are under pressure due to new US sanctions on Iran, potential increases in Iraqi oil exports from Kurdistan.
• US Consumer confidence recorded its worst print in 3 years weighing on market sentiment.
• Technical analysis shows the 100-day moving average is acting as significant resistance around the 75.32 level for Brent crude oil.

January Inflation Unchanged at 2.5%, RBA Joins Easing Cycle

The Australian dollar has declined by 0.37% on Wednesday and is trading at 0.6320 in the European session. AUD/USD is down for a fourth consecutive trading day and has lost 1.2% during that time.

What to Expect from NVIDIA's Q4 2024 Earnings Amid AI Growth and Tariff Concerns

• NVIDIA is expected to announce strong Q4 2024 earnings, driven by high demand for GPUs in data centers and AI applications.
• The market is closely watching how NVIDIA’s earnings will reflect the demand for AI chips, especially after China’s DeepSeek incident.
• Potential challenges for NVIDIA include possible tariffs on chips manufactured in Taiwan (TSMC) and new export restrictions to China.

Japanese Yen Flexing Muscles as G-10's Best Performer Against the US Dollar

The Japanese yen is slightly lower on Wednesday.  In the North American session, USD/JPY is trading at 149.25, up 0.16% on the day.