I’m seeing this classic reversal pattern on the short-term chart of GBP/NZD ahead of New Zealand’s quarterly jobs release. Are we about to see strong figures that could keep the RBNZ hawkish? Or will a possible rebound in risk appetite boost the higher-yielding Kiwi midweek? This Article Is For Premium Members Only Become a Premium member…
Bank of Japan deputy governor Uchida, comments here: BOJ deputy governor Uchida says the Bank’s interest rate can change if needed USD/JPY jumping, Nikkei higher also. This article was written by Eamonn Sheridan at www.forexlive.com.
NZD/USD gains momentum around 0.5980 in Wednesday’s early Asian session, gaining 0.54% on the day. New Zealand’s Unemployment Rate ticked higher to the highest since March 2021, rising to 4.6% in Q2 vs. 4.3 prior. Fed’s Daly expects interest rate cuts to come as the labor market weakens. The NZD/USD pair extends the rally near 0.5980 during the early…
2024.08.06 2024.08.06 Short-term Analysis for Oil, Gold, and EURUSD for 06.08.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold’s short-term uptrend reversed yesterday. The article…
It’s only Tuesday, but what a week already! 😲 Yesterday, investors around the world experienced a roller-coaster ride as global stock markets plunged, only to partially recover today. A significant contributing factor to this turbulence was the unwinding of the “carry trade,” a popular but risky investment strategy. The carry trade involves borrowing money in a currency with low…
A dour view from Greenlight Capital’s David Einhorn in a note to investors: From a market perspective, we don’t think it matters very much who wins “The economic policies of both parties are remarkably similar. Both favour large deficits despite a strong economy. We believe this supports our ongoing expectations of higher secular inflation in the coming years Higher…
Mexican Peso trades near lows of the day, USD/MXN above 19.50. Weak Mexican auto production and export data highlight economic slowdown, influencing market sentiment. Banxico may consider lowering borrowing costs at the August 8 meeting due to slower growth and lower inflation. The Mexican Peso extended its daily losing streak to four against the Greenback. It remained above the…
2024.08.06 2024.08.06 Mexican Peso No Longer ‘Super’. Forecast as of 06.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Mexican peso has demonstrated consistent strength since the spring of 2020, reaching an eight-year high against the US dollar in April. However, the market dynamics shifted significantly by the end of the summer. Let’s discuss this topic and make a trading plan for the USDMXN…
Like other “risk” assets, the New Zealand dollar lost pips to its safe haven counterparts as optimism over lower interest rates turned into concerns that a high interest rate environment has led to recessionary conditions in the U.S. and other major economies. The Swiss franc, in particular, found extra support from an anti-USD sentiment from the previous days. …
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…