News flow has been slow today, with only second-tier economic data coming out of Europe and no major releases from the US. Some attention is turning towards Canada, where BoC is set to release its Read more…
NZDUSD records a sizeable green candle today Strong reaction following the recent acute correction Momentum indicators are mixed, bearish pressure weakening NZDUSD is edging aggressively higher today, cancelling out a good part of the recent Read more…
The New Zealand dollar has soared today. In the European session, NZD/USD is trading at 0.6018, up an impressive 1.1% at the time of writing. New Zealand job growth surprises on the upside New Zealand’s Read more…
U.S. mortgage rates tumbled the most in two years last week, data from a key industry lobby group indicated Wednesday, as the impact of a big rally in the bond market and signals on autumn Read more…
AUDUSD recovery from Monday’s spike low (0.6348, the lowest since early Nov 2023) picks up on Wednesday. Hawkish RBA on Tuesday, with policy diverging from other major central banks, fading fears about US recession and Read more…
Cable started to gain traction and edged higher on Wednesday morning, after the latest drop penetrated rising daily cloud (cloud top at 1.2702) but found firm ground at 1.2682 (100DMA) where dips were repeatedly rejected. Read more…
USDJPY jumped more than 2% after comments from the Bank of Japan’s deputy governor reduced the chances of further policy tightening soon. Uchida said that the central bank will not raise interest rates when markets Read more…
Less than a month ago, the rate was above 161 yen per US dollar. This week, it dropped below 142.5 yen (approximately -12%). The strengthening of the Japanese yen was driven by actions from the Read more…
Check back for updates throughout the trading day U.S. equity futures extended gains in early Wednesday trading, after Wall Street snapped its three-day losing streak last night, as investors continue to claw back declines triggered Read more…
Electric vehicles (EVs) have grown more popular, with many consumers finding them since they don’t require gas and produce no carbon emissions. But there are drawbacks to owning EVs, such as the time it takes Read more…