The markets are generally quiet in Asian session today. Dollar is mildly firmer together with Canadian. Sterling and Swiss Franc are soft. But major pairs and crosses are stuck inside Friday’s range. Asian stocks are Read more…
DXY: On the H4 timeframe, prices are on bullish momentum. We see the potential for a bounce from our 1st support at 97.808 in line with 38.2% Fibonacci retracement towards our 1st resistance at 98.339 Read more…
WTI crude oil is extends the near term rebound and is back above 108. It’s reported that OPEC+ missed its production target by slightly more than 1m barrels per day in February. At the same Read more…
New Zealand goods exports rose 22% yoy to NZD 5.5B in February. Goods imports rose 37% yoy to NZD 5.9B. Trade deficit came in at NZD -385m, smaller than expectation of NZD -808m. Exports to Read more…
Key Highlights EUR/USD started an upside correction from the 1.0800 support zone. A key bearish trend line is forming with resistance near 1.1120 on the 4-hours chart. GBP/USD could attempt a strong increase above the Read more…
Last week the Federal Reserve commenced its first-rate hiking cycle since December 2018, against perhaps the most challenging macroeconomic backdrop it has ever faced. The Fed is attempting to negotiate persistently high inflation, a full-scale Read more…
Last week, AUD shorts were culled at their fastest pace since March 2020, when eye watering levels of stimulus was rolled out at their height of the pandemic. As of Tuesday 15th March 2022: The Read more…
EUR/USD: Has the Market Gone Crazy? What happened in the market after the US Federal Reserve meeting can be called “the theater of the absurd”. As expected, the regulator raised the key interest rate from Read more…
The billionaire is known to attack his critics. It is rare to see defend his direct rivals. Elon Musk is not known for standing up for his rivals. It’s quite the opposite because he doesn’t Read more…