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Nikkei Bulls Looking to the KOSPI for Clues I highlight that the usually strong relationship between the Nasdaq and Nikkei is not what it once was, yet remains strong with the KOSPI. Given the KOSPI pullback looks arguably stretched, perhaps it could bode well for Nikkei bulls as we enter next week. MS

03:45

ASML, Nasdaq 100 Technical Outlook ASML are set to release their earnings which could sway sentiment for the Nasdaq over the near term. I look at levels and potential patterns to monitor for both markets, along market breadth for the Nasdaq 100. MS

06:24

Gold Setup: Bulls Defend 4k as Upside Targets Come into focus I outlined a case for gold bulls to defend the 4,000 level in a recent video, based on stretched bearish price action relative to seasonality and a bullish RSI divergence. We can now see that bears failed to sustain a break below 4,000, allowing gold to stage a modest rebound. While prices have since retraced lower, there are early signs of support forming and a potential higher low. Yesterday's doji formed on higher volume, suggesting a potential change of hands from bears to bulls. Its low also respected a weekly VPOC. Bulls could consider buying dips towards 4,000, although with any luck price won't retrace that far. The monthly pivot point and last week's high sit either side of the 4,200 handle, providing a potential near-term upside target. A break above that brings the 100% projection and the 4,300 level into focus. Note that the 200-day EMA and June VPOC sit just above 4,300, making it a likely zone of resistance. MS.

Nikkei Set To Bounce? Though Big Break Appears Uncertain I make a simple, technical case for why I think the Nikkei could have a good start to the week, but correlations between its own stocks and the Nasdaq 100 paint a murkier picture. MS

03:53

Canadian Dollar Technical Outlook While USD/CAD remains in a solid uptrend, clues are surfacing that it could be nearing at least a minor inflection point. I also take a look at EUR/CAD, GBP/CAD and CAD/JPY. MS

05:27

A Case For Gold To Rebound into Month End It could be make or break for gold over the next week as we trade the final week of June. Using seasonality, futures positioning and gold levels, I explain why I think gold could bounce into month end. MS

03:37

AUD/USD Holds 70c For Now, Key Data Awaits AUD/USD is called "the battler" with good reason, and it showed resilience last week despite a hawkish Fed meeting, stronger US dollar and less-hawkish than expected RBA. Perhaps it can perform a bounce from 70c this week? But whether it does or how high it can, sits in the hands of AU CPI, employment and household spending alongside US PCE inflation. MS

05:34

USD/JPY Surges to Pre-intervention Levels - Volatility Incoming?USD/JPY surged on Wednesday with a hawkish Fed, strong US fundamentals behind it while traders remain heavily short the yen futures. I outline why the MOF are likely to stand aside and not intervene despite these giddy heights. But at the same time, traders need to be on guards for strong bouts of volatility around current levels. MS

04:36

USD/JPY Bulls Goading the MOF Into Action?It has been five weeks since Japan's Ministry of Finance (MOF) last intervened. Yet with USD/JPY grinding its way back towards the late-April intervention level, the risk of a pullback is growing. Coupled with record net-long exposure among large speculators, the conditions appear to be falling into place for another round of intervention. MS

03:57

Nasdaq to Hold 30k? Though Positioning Could Be Stretched It's been a solid rally for the Nasdaq overall, though prices are retracing towards 30k. I outline why I suspect the Nasdaq could perform at least a minor bounce from this milestone level, while also warning that sentiment could be at a sentiment extreme on the futures market. MS

04:11

Can Gold's Bullish Clues Overpower Bearish Seasonality?Technically, I suspect gold is near or already seen an important swing low. That could pave the way for a move up to 4700 or even 4800. However, this flies in the face of bearish seasonality for June and lackluster positioning from futures traders. MS

04:38

AUD/USD, EUR/AUD, GBP/AUD Setups Starting with futures positioning, I explain why I think a pullback for AUD/USD could still be on the cards. And then look at the charts for potential setups on AUD/USD, EUR/AUD and GBP/USD. MS

03:58

Nasdaq Rally Slows, Dow Hints at Pullback The rally on Wall Street from the late march low has not been great for bears, but with clues of a pause surfacing on the Nasdaq and S&P 500, perhaps the short setup I'm eyeing on the Dow stands a better chance of success. MS

02:45

DXY, AUD/USD, EUR/AUD Technical Setups I still think the US Dollar Index could be headed to 100 before a larger reversal lower unfolds. But an initial pullback may still allow AUD/USD to edge higher before embarking on its next leg lower towards 70c. I also look at a cheeky long setup on EUR/AUD. MS

05:29

Aussie Bears Weigh Up Weak Jobs Report and Fading RBA Hike Odds Odds of a June hike from the RBA have turned sharply lower after unemployment rose to a 4.5-year high and headline jobs posted their first negative print in five months. I look at the data, bonds and Aussie pairs. MS

05:21

Yen Bears Could be Pushing Their Luck With the risk of further intervention from Japan’s MOF rising, bulls may want to err on the side of caution given USD/JPY has rallied for a seventh consecutive day and already surpassed the level of the second intervention. I also examine key technical levels for AUD/JPY, GBP/JPY and CHF/JPY. MS.

05:06

ASX 200 - Swing Low In Place?I've been keeping a close eye on the ASX 200 for a potential swing low on the daily chart. With any luck, it was seen yesterday. MS.

02:31

USD/JPY Eyes to Intervention Levels, AUD/JPY, GBP/JPY in Focus USD/JPY is approaching 158 — near where Japan’s Ministry of Finance likely last intervened — which places yen pairs on close watch today. I also look at AUD/JPY and GBP/JPY to explain my preferred long and short setups, alongside positioning in Japanese yen futures. MS

04:19

VIX Hints at Cycle Low - Trouble for Wall Street?We've seen a solid run higher on the S&P 500 and Nasdaq, but with the VIX popping higher on Monday, I’m now questioning whether bulls should tread with caution. Moreover, I explain why the Dow may be the better short setup of the three should Wall Street receive a viable sell trigger. MS

03:13

USD/JPY Plunges Again On Suspected Intervention #2 Another quiet day, another abrupt selloff on USD/JPY while the yen soars higher across the board. It wreaks of intervention - the second such act since Thursday. I update my analysis on USD/JPY taking key levels and the bigger picture into account. MS

02:56

Momentum Turns Lower for Gold and Silver Today I explain why I suspect gold and silver could be due another leg lower on the daily timeframe. Yet bears may also want to tread with caution and bulls seek evidence of swing lows. MS.

04:39

USD/JPY vs Interventions: Past, Present and Where Now?I look at USD/JPY performance around previous Japanese currency interventions and where I think the pair could head next. MS

04:25

USD/JPY Eyes Breakout After FOMC, EUR/USD and EUR/CAD in Focus Jerome Powell delivered a hawkish twist at Wednesday’s FOMC meeting, signalling he intends to remain on the board after his term as Fed Chair ends. The US dollar and yields pushed higher in response. The key question now is how much of this corrective USD bounce is left—and whether EUR/USD will break key support. I also explain why USD/JPY looks set for a breakout either way, and revisit yesterday’s EUR/CAD outlook. MS.

06:17

DXY, EUR/USD, EUR/CAD, EUR/JPY Price Action Analysis We’re heading into a potential binary event for the US dollar ahead of the FOMC meeting, where direction may hinge on whether Jerome Powell strikes a hawkish tone — or simply leaves inflation for “the next guy” to deal with. I take a look at key levels on the US dollar index (DXY) and the potential knock-on effects for EUR/USD, EUR/JPY and EUR/CAD. MS.

05:18