NZDUSD has steered decisively beyond the 0.6800-0.6817 resistance border that has capped advances since mid-January and is looking buoyant. Above the 200-period simple moving average (SMA), the ascending 50- and 100-period SMAs continue to endorse Read more…
The FTSE 100 slipped after the second round of talks between Russia and Ukraine ended without much result. The index met stiff selling pressure at 7560 then fell below the critical floor at 7170. Increasingly Read more…
The New Zealand dollar recovers amid commodity price rallies. After the pair found support near last September’s lows (0.6530), a bullish MA cross on the daily chart suggests that sentiment could be turning around. A Read more…
The Japanese yen stalled after an increase in January’s unemployment rate. The pair’s rally above the supply zone around 115.80 has put the US dollar back on track. The general direction remains up despite its Read more…
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Summary The circumstances surrounding the Russian invasion of Ukraine and resulting military confrontation continue to evolve quickly, and at times in unexpected ways. The conflict between Ukraine and Russia is occurring not only in the Read more…
Markets There was still no reason for investors to consider rowing against the ruling risk-off yesterday as there was no evidence on any solution to Russian invasion in Ukraine. Persistent uncertainty on the length and Read more…
US equities retreated on Friday as concerns over the Russian invasion of Ukraine continued. On Thursday, several rating agencies like Fitch and Moody’s downgraded the Russian economy and warned that the country could miss an Read more…
USDCAD bounced up immediately after the dive to a one-month low of 1.2589 on Thursday, with the price currently pushing for an advance above the 1.2700 level and beyond the 20-day simple moving average (SMA). Read more…
GBPJPY has been trading sideways since the day it dived below the 20- and 40-day simple moving averages (SMAs) at 155.60 in the short-term, unable to close below the 200-day SMA and the 152.90 support. Read more…