New Zealand goods exports rose 7.7% yoy to NZD 6.4B in June. Goods imports rose 25.0% yoy to NZD 7.1B. Trade balance came in at NZD -701m deficit, versus expectation of NZD 204m surplus. “Petroleum Read more…
DXY: On the H4, with prices moving within the ascending channel and bouncing off the stochastic support, we have a bullish bias that prices will rise to the 1st resistance at 107.514 where the 38.2% Read more…
The key question for EUR/AUD is, “Will the ECB be more hawkish than the RBA?” When the ECB meets in less than 24 hours, it will decide between raising interest rates by 25bps or 50bps. Read more…
Gold bulls were hoping to see an end to the 5-week losing streak Gold prices have been somewhat stable near $1700 over the past few days, following a drop of 18% from the March high Read more…
The focus of the market is firmly on EU assets as we head into the ECB meeting and the Nord Stream 1 pipeline flow call from the Russians – not to mention Mario Draghi’s likely Read more…
DAX shows a lower low sequence from November 2021 peak and thus the 4 hour cycle is still calling for further downside. Near term though, the Index ended cycle from 3/29/2022 peak in wave (1) Read more…
EUR/USD stayed at or below parity only briefly The 1.036 region and 1.050 region are possible resistance levels A Brief Moment Below Parity Life for EUR/USD at or below parity thus far has been short Read more…
Whilst it is the annual rate of change (yy) that central targets monitor, any healthy change in the annual rate should first occur at the monthly rate (mm). It is therefore worth noting that some Read more…
GBPNZD reversed from support level 1.9135 Likely to rise to resistance level 1.9400 GBPNZD recently reversed up from the pivotal support level 1.9135 (which has been reversing the pair from the middle of April), strengthened Read more…
Nasdaq 100 broke resistance level 12180.00 Likely to rise to resistance level 12920.00 Nasdaq 100 index recently broke the resistance area located at the intersection of the resistance level 12180.00 (which stopped the previous waves Read more…