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Forex
AUD hits $0.71 for first time since August 2022
The Australian dollar has continued its rise against the USD reaching the highest level in almost 3 months. With risk on assets receiving a boost and the USD weakening the Australian dollar has been a big beneficiary. As hopes for a Federal Reserve pivot increase the greenback has seen aa pullback and growth assets have seen an influx of money. Wit...
January 27, 2023Read More >JPY well placed ahead of Bank of Japan meeting
The Bank of Japan is set to release its rate decision and policy statement later today in what could shape as an important catalyst for the JPY. The JPY will likely see some increased volatility in the lead up to and as the BOJ announces its rate decision. There is no clear consensus on what the BOJ will do but it ranges from the Bank holding th...
January 18, 2023Read More >Yen well placed ahead of Bank of Japan meeting
The Bank of Japan is set to release its rate decision and policy statement later today in what could shape as an important catalyst for the JPY. The JPY will likely see some increased volatility in the lead up to and as the BOJ announces its rate decision. There is no clear consensus on what the BOJ will do but it ranges from the Bank holding th...
January 18, 2023Read More >Aussie dollar continues Santa rally into 2023
The Aussie dollar has been on a tear in recent weeks as a weaker USD and thoughts of a pivot in US interest rate hikes has seen the Aussie bounce from its lows near $0.62. The Australian dollar and economy have benefited from the improved strength in commodity prices such as Gold and Iron ore which are important players in Australia’s economy. In...
January 10, 2023Read More >CHFJPY sees potential bottom and short-term reversal
The JPY had seen some renewed strength after the Bank of Japan finally intervened late in 2022 to widen its target band on its 10-year band to -0.5-0.5% from -0.25-0.25%. This was seen as an overall positive catalyst for the currency and a sign that the Bank may be ready to increase rates. The question that remains is will th...
January 9, 2023Read More >USDJPY tanks as Bank of Japan adjusts its threshold for intervention
The USDJPY has dropped more than 400 pips in just a few minutes after the Bank of Japan brought adjusted its intervention criteria. The bank did not change its official rate, which are -0.10%, an extremely low figure compared to almost every other country. Japan has been a show of dovishness in a sea of hawkishness. However, this latest move has be...
December 20, 2022Read More >Is the EUR ready for its next leg down?
The EUR look to be turning after an impressive run. The pair has risen by 12.57%since it hit the bottom in September. At the time the price fell to 0.9525. This was the lowest level the EUR had reached since the year 2000. In September, Europe was facing extreme inflationary pressure and conversely the USD was rocketing towards record high levels. ...
December 19, 2022Read More >Yuan sees increasing strength as Covid 19 restrictions ease
Yuan sees increasing strength as Covid 19 restrictions ease The USDCNH is an important currency pair not just in terms of pure trading but also in terms of gauging overall market sentiment. The pair is also reflective of much of the macroeconomic pressures effecting the global economy at the moment. This includes but is not limited to, recessionar...
December 15, 2022Read More >US equities finish lower in volatile session after FOMC hawkish surprise
US equities went into their cash session on a high after a drop in import and export price inflation fuelled hopes that the peak is in and of a more dovish Fed. These hopes were dashed by Jerome Powell near the end of the session, delivering a 50bp hike to the US target rate and giving what was seen as a hawkish accompanying statement and presser. ...
December 15, 2022Read More >Possible high return Swing Trade on USDCHF
The USDCHF has just reached a significant support zone providing a potential entry for a low-risk high return trade. In recent weeks the USD has an aggressive pulled back on the back of weaker then expected inflation figures. This has benefited the CHF and most other non-USD currencies as expectations of a potential pivot grow and money moves away ...
November 25, 2022Read More >EUR looking Bullish
The EUR has been on a ‘recovery rally’ since it fell below parity level with USD earlier this year. With inflationary pressures potentially easing across the world the USD has finally taken a breath. The currency which has been haven for many market participants in dealing with the high volatility finally saw a dip after weaker than expected US...
November 17, 2022Read More >AUDNZD falls from the top of its range
The AUDNZD pair has seen a large drop in the last few weeks and months as the Reserve Bank of Australia has brought about softer interest rate changes then compared to many other countries. Most other countries have dealt with inflation by raising interest rates aggressively. However, the AUD has been the victim of the RBA’s softer stance. The ...
November 7, 2022Read More >ASX200 breaks out on the back of softer RBA softer interest rate hike
The ASX200 has seen some positive price action in recent weeks as the Australian equities market has benefited from relatively weaker inflation then much of the rest of the world. With the Reserve Bank of Australia, (RBA) only increasing interest rates by 25 bps at each of its last two meeting, the country’s central bank has seemingly chosen that...
November 2, 2022Read More >Buying entry forming on EUR/NZD?
The EUR has been rebounding strongly on the back of being sold off for much of the year. With inflation at record highs and a cost of living and energy crisis, the currency has become extremely weak, even dropping below parity with the USD. However, in recent week, the EUR has begun putting in a bottom. The ECB last night decided to raise their off...
October 28, 2022Read More >Short term break out on the EURUSD
The EURUSD is showing some signs of a potential short term break out on the daily and 4-hour time price charts. This is largely a technical breakout, although it is also supported by a shift in sentiment towards growth assets and away from the USD in the last week. Technical Analysis The daily cart show...
October 26, 2022Read More >
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