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NEW YORK, Oct 13 (Reuters) - Oil, U.S. Treasuries and gold prices rose on Friday, with crude soaring nearly 6%, on safe-haven buying driven by the escalating Middle East conflict as Israel urged civilians to leave the northern Gaza Strip. Brent crude surged 7.5% in the week since the conflict began, posting its highest weekly gain since February, as investors...

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Asahi Noguchi, a BOJ board member known for his reflationary stance, poured cold water over such speculation, in comments at a news conference in Niigata, north or Tokyo, where he had delivered a speech to business leaders. "There's no need to rush into doing something as there's still room for a 1% cap (for the yield band)," Noguchi said, noting long-term...

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CHF/JPY has historically exhibited periods of range trading, which is not surprising given the similar underlying fundamental characteristics. A break-out of the range has previously seen a run to new levels before a new range is established. It’s possible that the recent run higher has paused, and it might be establishing a new range of 131.95 – 136.18, the low...

MILLIONERFOREX Updated 

Retail trader data shows 47.35% of traders are net-long with the ratio of traders short to long at 1.11 to 1. Our data shows traders are now at their least net-long USD/CHF since Sep 20 when USD/CHF traded near 0.93. The number of traders net-long is 10.36% lower than yesterday and 12.34% lower from last week, while the number of traders net-short is 2.53% lower...

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Retail traders appear to be increasing their bullish bets on the Australian Dollar despite recent losses in the currency. This can be seen by taking a look at IG Client Sentiment (IGCS), which tends to behave as a contrarian indicator. Long bets are on the rise for AUD/USD and AUD/JPY, could this be a warning sign of further pain to come for the exchange...

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The euro sank on Thursday and lost most of its FOMC-induced gains, dragged down by broad-based U.S. dollar strength, higher U.S. yields, risk-off sentiment in the equity market, and growing concerns about the outlook for the European Union after March German factory orders tumbled more than expected. At noon, EUR/USD was 1% lower, trading at 1.0510 and steadily...

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Despite weaker topline growth figures through 1Q’22, the US domestic economy remains relatively strong – particularly the labor market. According to a Bloomberg News survey, the US economy added +391K jobs in April from +431K jobs in March, with the US unemployment rate (U3) falling from 3.6% to 3.5%. The US participation rate is expected to edge higher to 62.5%...

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The Fed just hiked rates by 50 basis points for the first time in over 20 years. But, in a display of the importance of expectations, stocks launched higher with the S&P 500 putting in its strongest rally in two years on the back of the move. And, along with that, the US Dollar dropped down for a test at a fresh swing-low. The reason for the move is related to...

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The yen has resumed its sharp sell-off lifting USD/JPY above the 130.00 level for the first time since April 2002 as the Bank of Japan (BoJ) loose pol The yen has resumed its sharp sell-off lifting USD/JPY above the 130.00 level for the first time since April 2002 as the Bank of Japan (BoJ) loose policy stance. Economists at MUFG Bank believe that the pair has a...

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USD/JPY broke above the 2016 high (121.68) overnight after the Yen weakened for a fifth straight day versus the US Dollar. That move stemmed from the 261.8% Fibonacci extension of the January high/low move. A pullback may see the former 2016 act as support. However, prices look set to rise further, indicated by strength in the Relative Strength Index (RSI) and...

MILLIONERFOREX Updated 

USD/JPY struggled to capitalize on its early uptick and retreated from the monthly top. The ascending trend channel supports prospects for the emergence of some dip-buying. A sustained break below the 113.80-75 support is needed to negate the positive outlook

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CADJPY BUY Major central banks, including the Federal Reserve, the Bank of England, the Reserve Bank of Australia, and the Bank of Canada, have already given markets a strong heads-up about what is to come over the next few months. One central bank however that will not be raising interest rates is the Bank of Japan, even though their short-term policy rate sits...

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USDCHF Intraday bias in USD/CHF remains neutral first. On the downside, below 0.9156 will target 0.9084 support. Firm break there should confirm that choppy rise from 0.8925 has completed, and suggests that fall from 0.9471 is resuming. Deeper decline would be seen through 0.8925. On the upside, break of 0.9293 will suggest that the pull back from 0.9372 is...

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AUDJPY SELL SETUP AUD/JPY is idling just under the key 81.65 – 82.02 inflection zone, with the pair in a broader neutral state since earlier this year. Clearing the inflection range exposes the critical 85.44 – 86.26 resistance zone, as well as the 50-day SMA. Turning lower places the focus on the 79.84 inflection point before targeting the 78.84 – 78.00 support...

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