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Bearish: We are currently @ 162.94 in the top of a channel in a range. The head and shoulders pattern is almost finished and suggests a move to the downside. IF we can finish the right...
The New Zealand Dollar is down 1.2% since the start of the day on Wednesday due to disappointment with the RBNZ's actions and comments.The country's central bank left its key interest rate unchanged...
RBNZ holds cash rate at 5.25% New Zealand dollar declines 1.2% The New Zealand dollar is sharply lower on Tuesday. In the European session, NZD/USD is trading at 0.6095, down 1.22%. Earlier, the New...
NZDUSD is lower today after the RBNZ's decision to keep rates unchangedIt trades a tad above a very busy support areaMomentum indicators are possibly preparing to send bearish signalsNZD/USD is...
The RBNZ changed its tone only moderately, keeping the threat of another hike on. However, NZD fell and AUD also declined after lower-than-expected CPI. We think Australia and New Zealand have...
UK shop inflation falls to 2.5% The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2683, down 0.03%.Shop Price, Food Inflation Heads LowerUK shop inflation...
January CPI data in Japan confirmed inflation remains above the Bank of Japan's 2.0% target. The yen “survived” the release, but remains around very weak levels and in FX intervention...
Bearish: We are currently @ 150.59 in a range. Lower highs suggest a move to the downside. IF we can break support here, we are looking to continue to the ATR target @ 149.90 with a...
The Dollar Index is giving up positions painfully slowly. It is under pressure for the ninth session in a row, but at the same time, the market is unable to accelerate or break this downtrend....
The US dollar index stabilized around 103.8 in the latter part of February, supported by strong January inflation data and the market's reluctance to anticipate interest rate cuts by the Federal...
Gold rebounds strongly from its 2024 lowChallenges 50-day SMA and ascending trendlineMomentum indicators turn neutral-to-positiveGold has been regaining ground in the past few sessions, following its...
We expect an above-consensus 0.4% core PCE read on Thursday, which should support the dollar this week. Eurozone inflation numbers will also be in focus. We expect a decline in the core rate below...
Forex Fundamentals Analysis for Complete Beginners to Level UpIn this video I'll show you how to get started with fundamentals analysis for complete beginners. Watch the whole video to become a better...
The New Zealand dollar has been on a roll but is in danger of snapping a seven-day rally during which it gained over 2% against the US dollar. NZD/USD is trading in the European session at 0.6185,...