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Is New Zealand Dollar Turning Corners? Price Setup in NZD/USD, AUD/NZD, GBP/NZD

Posted by By 12/05/2023Posted inForex
The New Zealand dollar has rebounded sharply in recent weeks against its peers in the G10 space. Against the US dollar, the New Zealand currency needs to clear a final…
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Crude Oil Price Steadies After Taking a Tumble. Where to for WTI?

Posted by By 12/05/2023Posted inForex
Crude oil prices consolidated into Friday as the US Dollar pauses post a data induced rally that the market interpreting as further evidence of the Fed being less hawkish.
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US Dollar, Japanese Yen Gain as US Jobless Claims Spook Markets. AUD/USD at Risk

Posted by By 11/05/2023Posted inForex
The anti-risk US Dollar and Japanese Yen gained on Thursday as US jobless claims crept higher, spooking financial markets. Ahead, the sentiment-linked Australian Dollar is vulnerable.
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AUD/USD in Tatters after Fake Breakout, NZD/USD Fails to Confirm Double Bottom

Posted by By 11/05/2023Posted inForex
AUD/USD and NZD/USD fall sharply on Thursday amid negative market sentiment, with both pairs taking a sharp turn to the downside after failing to clear key technical resistance levels.
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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Apr 25, 2023 when GBP/USD traded near 1.24.

Posted by By 11/05/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
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EUR/USD Bashed by Risk Aversion, S&P 500 Fumbles but Google Cushions Weakness

Posted by By 11/05/2023Posted inForex
The EUR/USD and S&P 500 retreat on Thursday, undermined by negative market sentiment, with traders reducing risk exposure on fears of a larger pullback on the horizon.
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What’s Going on With the South African Rand & Will We See a New ATH?

Posted by By 11/05/2023Posted inForex
USD/ZAR is nearing a fresh all-time-high after being hit by several drawbacks from multiple fronts. Is the rand the next to fall after the Turkish lira?
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EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Dec 01 when EUR/GBP traded near 0.86.

Posted by By 11/05/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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USD Breaking News: Favourable PPI Print Accompanied by Softening Jobs Data

Posted by By 11/05/2023Posted inForex
PPI revealed a welcome print below expectations at the same time a key jobs indicator, initial jobless claims, turned higher. USD continues move lower
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Bank of England Hikes Rates by 25 Basis Points to 4.5%, Sterling Nudges Higher

Posted by By 11/05/2023Posted inForex
The Bank of England (BoE) hiked interest rates by 25bps, the 12th consecutive time that the central bank has increased the UK Bank Rate. Sterling tests 1.2600 against the US…
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