On the H4, NZDUSD formed an expanding wedge pattern after a prolonged rise. The price bouncing off the upper trend line almost reached a vital support area, which creates two possible options. If the price Read more…
Check back for updates throughout the trading day U.S. equity futures were mixed in early Monday trading, while Treasury yields and the dollar held steady, as investors looked to a split week on Wall Street Read more…
Like other major currencies, the New Zealand dollar is under pressure from the strong US dollar. This development comes after the Federal Reserve’s updated forecasts last week. Stock market expectations point to only one interest Read more…
Market picture The cryptocurrency market has lost almost 5% over the past seven days. It has not given up important support levels but also has no significant drivers to resume growth. Bitcoin lost 4.7% over Read more…
According to today’s Nikkei 225 (Japan 225 on FXOpen) chart, the index quote dropped below 38,000 points at Monday’s low, followed by a recovery (shown by an arrow). One of the drivers of the decline Read more…
ECB’s Chief Economist Philip Lane expressed “a lot, a fair amount of confidence” today that Eurozone inflation is on track to return to 2% target by the latter half of next year. In his remarks, Read more…
Gold falls to its lowest level in a month But recovers some ground, eyeing 50-day SMA Oscillators improve but remain negatively tilted Gold has been experiencing a pullback from its all-time high of 2,450, breaking below the Read more…
EURCHF drops to a 4-month low Significant correction over the past 15 days Momentum indicators confirm the bearish pressure EURCHF has been on a freefall since late May with the move picking up pace following Read more…
When you have a breakout rally like what U.S. stocks are enjoying just now, it’s hard to think anything could go wrong. Maybe nothing will go wrong, but Nvidia’s (NVDA) 53% gain since April 15 Read more…
The State Secretariat for Economic Affairs said that Swiss economic forecasts remain largely unchanged, with growth expected to stay below average this year. The Expert Group on Business Cycles projects a modest growth rate of Read more…