Quick Look: NZD/USD stalled at 0.5920 and faces resistance at 0.5940 with further hurdles at 0.6100, 0.6135, and 0.6160. Positioned below 200-hour EMA of 0.5950; RSI below 60, suggesting potential upward movement. Cautious investor sentiment due to US inflation, geopolitical tensions, and high US interest rates. The New Zealand Dollar (NZD) is presently encountering a slight …
Quick Look: USD/CAD declined by 0.1%: Recent market events pushed the pair to the mid-1.3750s after a strong start in April. Diverging monetary policies and economic data from the US and Canada influence the currency dynamics. The pair’s break below the 30-day SMA and RSI below 50 suggest downward momentum. The USD/CAD pair experienced a …
Quick Look: USD to CHF consolidating near 0.9105 with a neutral bias; key resistance at 0.9152. The first potential target is 0.9173; further rise may test 0.9240. Impact of Fed’s monetary policy and Middle East tensions on currency values. The USD to CHF pair remains on a steady ascent within its ascending channel on the …
Quick Look: The Australian dollar rose 0.37% to 0.62254 after a recent 2.2% drop. Employment slowdowns, as only 7,200 jobs appeared in March, cooling labour market signals. RBA rate decision pending; Next meeting on May 7, influenced by Q1 CPI figures. The Australian Dollar saw a modest recovery, increasing by 0.37% to 0.62254 after a …
Australian Dollar Rises 0.37% Despite Recent 2.2% Drop Read More »
Quick Look: GBP struggles at 1.2430 against USD, down 3.7% from March highs. CPI, retail data influence GBP/USD amid Fed and BoE rate speculations. Fed maintains firm stance on rates, BoE signals potential easing. GBP/USD faces critical support at 1.2337; traders adjust strategies amidst uncertainty. The British pound is currently on the back foot against …
Quick Look: EUR/USD shows potential for a minor rebound, facing mixed market sentiments. Key support at 1.0600-1.0605, with resistance near 1.0710. Hawkish Fed vs ECB rate cut rumours fuel volatility. Upcoming economic events include UK inflation data and the ECB President’s speech. NZD strength on inflation report, GBP volatility ahead of UK data. The Euro …
EUR/USD Eyes 1.0665 Amid Mixed Central Bank Signals Read More »
Quick Look: USD/CHF holds steady at 0.9150, with support at 0.8996. US dollar buoyed by geopolitical tensions and firm bond yields. Swiss National Bank may cut rates due to low inflation. Technical analysis suggests a possible bullish reversal above 0.9243. Short-term range between 0.9070 support and 0.9220 resistance. The USD/CHF pair exhibits a neutral intraday …
USD/CHF Neutral at 0.9150 Amid Market Uncertainties Read More »
Quick Look: AUD/USD hits 2024 lows, finding support at 0.6443, with eyes on further drops. Central banks’ moves and economic policies in the US and China drive the currency trends. US retail sales and Chinese economic reports, including Q1 GDP, shape market sentiment. Bearish patterns dominate the pair, suggesting potential continued declines. The Australian Dollar …
Quick Look: NZD falls to 0.5950. The bearish trend suggests a drop to 0.5840. Business NZ PSI contracts; BNZ forecasts a 2% GDP decline. The upcoming speech by Fed’s Lorie K. Logan is crucial for policy insights. Investors are watchful as upcoming data could sway markets. The New Zealand Dollar (NZD) continues declining against the …
Quick Look: US CPI rose by 0.4% month-over-month, with an annual increase of 3.5%. March’s Producer Price Index grew by 0.2% month-over-month and up by 2.1% yearly. ECB Holds rates, key rates unchanged; potential rate cut signalled by June. US retail sales are expected to rise by 0.3% month-over-month next Monday. The Consumer Price Index …
Quick Look: USD/CHF fell by 0.32%, breaking below the 0.9100 support. Despite a recent dip, the pair remains up 9.316% from the 52-week low. Key resistance points were identified at 0.9100 and 0.9147. Stochastic oscillator signals USD/CHF as ‘oversold’. Market eyes potential rebound amid upcoming U.S. CPI data. In recent trading sessions, the USD/CHF pair …
Quick Look: The yuan stabilized as the PBOC set the currency at 7.0967, aiming to stabilize market unrest. Hang Seng Index fell by 1.7%; the Shanghai Composite is slightly down by 0.1%. Company Stocks Fluctuate Notable drops in China Overseas and Alibaba. Gold reaches new highs due to geopolitical tensions, but stocks lag. PBOC maintains …
Quick Look: Intervention threats, BoJ policy hints, and global tensions drive USD/JPY volatility. Speculation grows with Yen surpassing the 153 mark, hinting at potential Japanese intervention. Technical indicators suggest a bullish USD/JPY trend, but BoJ intervention remains a caution. Short-term outlook focuses on US data, FOMC speeches, and possible Japanese intervention effects. The USD/JPY pair …
USD/JPY Faces Volatility: Intervention & Global Risks Loom Read More »
Quick Look: AUD trades near a two-week high at 0.6630 against USD amid upcoming US CPI data and FOMC minutes. March CPI in the US will rise to 3.4% YoY; Fed rate cuts may appear from September 2024. Fed officials offer varied outlooks; Goolsbee warns against high rates, and Powell aims for 2% inflation. With …
AUD/USD Nears 2-Week High at 0.6630 Amid US CPI Await Read More »
Quick Look: RBNZ is on a path to hold OCR at 5.5% amidst recession and falling inflation. NZ is in a technical recession; the Q4 economy contracted by -0.3%. The US labour market is strong, but the Fed is cautious as no rate cuts are expected soon. The NZD/USD exchange rate is bearish, with analysts …
NZD/USD Dips Ahead of RBNZ Decision Amids Global Uncertainty Read More »
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