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This article centers on the Q1 technical outlook for oil, closely scrutinizing both price action dynamics and market sentiment to unveil insights into the next big possible moves.

The EUR/USD fell to a three-week low on Friday after European inflation rebounded higher in December, with the Eurozone Harmonized Index of Consumer Prices (HICP) for the year ended December climbing to 2.9% versus November’s YoY 2.4%.

In Friday's session, the NZD/JPY pair traded up to a high of 90.50, its highest since early December, and then consolidated towards 90.30, marking a gain of 0.25%.

The AUD/JPY is set to finish the week with gains of close to 1.20%, though it remains at the brisk of getting back inside the Ichimoku Cloud (Kumo), which could pave the way for a pullback.

The USD/JPY spiked to a near-term high at the 146.00 handle early Friday in the broad-market run-up to the US Nonfarm Payrolls release, which surged above market forecasts and sent the US Dollar (USD) back down against the Japanese Yen (JPY) as markets weighed odds of Federal Reserve (Fed) rate cuts in the face of […]

Japan CFTC JPY NC Net Positions rose from previous ¥-556K to ¥-57.2K

United States CFTC Oil NC Net Positions declined to 163.7K from previous 1993K

United States CFTC S&P 500 NC Net Positions rose from previous $-1925K to $-214.1K