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New Zealand Dollar Technical Outlook: NZD/USD Range Could Continue

Posted by By 17/01/2023Posted inForex
The New Zealand dollar has run into significant resistance against the US dollar, raising the prospect of an extended range in the short term. What are the key levels to…
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GBP/JPY IG Client Sentiment: Our data shows traders are now at their most net-long GBP/JPY since Dec 23 when GBP/JPY traded near 159.28.

Posted by By 17/01/2023Posted 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/JPY-bearish contrarian trading bias.
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Australian Dollar Bumps Up on Strong China GDP Data. Where to for AUD/USD?

Posted by By 17/01/2023Posted inForex
The Australian Dollar initially sailed north after China’s GDP aided the rising tide toward risk assets seen so far this year. Will AUD/USD make a new high?
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Bitcoin Outlook: BTC/USD Bullish Breakout Drives Crypto Recovery

Posted by By 16/01/2023Posted inForex
Bitcoin prices have continued to trade higher after a 26% rise in BTC/USD fueled a bullish breakout above $19,666, the December 2017 high now holds as support for the short-term…
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EURUSD Hits New 9-Month High But Bulls May Be Out of Puff

Posted by By 16/01/2023Posted inForex
There wasn’t much data for traders to digest on Monday, but suspicions that Eurozone borrowing costs will rise sharply keep the Euro supported
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Gold Price (XAU/USD) Presses Ahead as US Inflation Expectations Fall

Posted by By 16/01/2023Posted inForex
The US dollar remains in the doldrums after last Friday’s US data, offering gold the opportunity to re-test recent highs
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How Central Banks Impact the Forex Market

Posted by By 16/01/2023Posted inForex
Discover how policies and interest rate hikes of central banks impact forex and trading decisions.
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USD/JPY IG Client Sentiment: Our data shows traders are now at their most net-long USD/JPY since Dec 20 when USD/JPY traded near 131.88.

Posted by By 16/01/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.
Read More

Crude Oil Forecast: Brent Tests Key $85 Handle Ahead of Data Heavy Week

Posted by By 16/01/2023Posted inForex
Brent crude begins the week on the back foot while markets look forward to key crude oil data.
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Singapore dollar Technical Outlook: USD/SGD Slide to Pause?

Posted by By 16/01/2023Posted inForex
Upward momentum in the Singapore dollar has accelerated against the US dollar in recent weeks, raising the prospect of further gains in the coming months. However, deeply overbought conditions point…
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