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NZD/USD Gyrates at Support as Economic Strength Bolsters RBNZ Rate Hike Bets

Posted by By 12/11/2021Posted inForex
NZD/USD clings to support after Greenback strength pushed the pair lower. However, the Kiwi economy continues to recover, evidenced by today's business PMI print. That is bolstering RBNZ rate hike…
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S&P 500 Ekes Out Small Gain to Rebound from Wednesday’s Decline, Consumer Sentiment Data Eyed

Posted by By 11/11/2021Posted inForex
The S&P 500 gained just 0.06% on Thursday as markets sought to rebound from Wednesday's abrupt decline.
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Canadian Dollar Technical Analysis: Short-term CAD Weakness Anticipated – Setups for CAD/JPY, USD/CAD

Posted by By 11/11/2021Posted inForex
While the BOC has turned more hawkish, other fundamental factors are working against the Canadian Dollar in the near-term.
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NZD/USD Remains Vulnerable Amid Failure to Defend November Opening Range

Posted by By 11/11/2021Posted inForex
NZD/USD may continue to depreciation over the coming days as the exchange rate fails to defend the opening range for November.
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Posted by By 11/11/2021Posted inForex
Market pricing for the BOC and RBA has been dragged forward in recent weeks, while the outlook for the RBNZ is extremely aggressive.
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USD/MXN Jumps as Bank of Mexico Hikes Rates by 25 Basis Points

Posted by By 11/11/2021Posted inForex
USD/MXN jumped higher in immediate trade following the Bank of Mexico's decision to raise rates by 0.25%.
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Gold Price Outlook: Gold Breakout Underway– XAU/USD Levels

Posted by By 11/11/2021Posted inForex
Gold surged through key resistance on the heels of hot US inflation data with a major gold breakout now underway. The levels that matter on the XAU/USD technical charts.
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US Dollar Price Action Setups: EUR/USD, AUD/USD, USD/CAD, USD/JPY

Posted by By 11/11/2021Posted inForex
The US Dollar exploded to a fresh yearly high yesterday but now the USD is quite stretched. Which pairs are befitting of pullback potential?
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Oil Price Susceptible to Larger Pullback on Failed Test of October High

Posted by By 11/11/2021Posted inForex
Failure to test the October high ($85.41) may generate a larger pullback in the price of oil as it struggles to retain the advance from the November low ($78.25).
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S&P 500 Down, Dollar Up – Technical Analysis

Posted by By 11/11/2021Posted inForex
The SPX is in corrective mode while the DXY rallies above major resistance; levels & lines to watch.
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