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NZDUSD corrects higher off lower swing area today and test 4-hour MA levels
2023-09-21
The 4-hour MAs in the NZDUSD come in at 0.5919 for the 100 or moving average and 0.5943 for the 200 bar moving average
AUDUSD is the biggest mover today with a gain of 0.74%. What are the technicals saying pre-FOMC?
2023-09-20
As the clock ticks toward the FOMC rate decision, the AUDUSD is the biggest mover with a gain of 0.74%. What are the technicals saying ahead of the big decision.
Kickstart your trading with a technical look at the EURUSD, USDJPY and GBPUSD
2023-09-19
A technical look of the 3 major currency pairs to kickstart your trading day on September 19, 2023
Week Ahead: Thumbnail Sketch of Central Bank Meetings
2023-09-16
The
week ahead is dominated by central bank meetings. Six of the G10 central banks
meets. The post-Covid monetary tightening cycle is ending. The start was not
synchronized, and neither will be end. It is tempting to think that those that
began the tightening cycle early will among the first to finish. Among emerging
markets that is true for Brazil and Chile, both of whom have begun cutting
rates. And Brazil is likely to deliver the second cut in the new easing cycle,
a few hours after the Federal Reserve meeting concludes this week. No G10
central bank appears to be close to reducing rates, but the tightening cycles
seen to be over or within a quarter point of the terminal rate. The UK may be
an exception, but even then, the market is not convinced, especially after
July’s GDP
China’s Measures Begin to Find Traction, US Employment Report on Tap
2023-09-01
Overview: Beijing’s seemingly steady stream of
measures to support the economy and steady the yuan are beginning to produce
the desired effect. The yuan is snapping a four-week decline and the CSI 300
halted a three-week drop. Some economists estimate that the bevy of measures
may be worth as much as 1% for GDP. The dollar is narrowly mixed ahead of the
US employment data, which is expected to see the pace of job growth slow to
around 170k. Of note, the Mexican peso extended yesterday’s losses following
news that the central bank was winding down its forward hedge program. After
the peso dropped 1.75% yesterday, it is off another 0.7% today.
The MSCI Asia Pacific Index
rose for the fifth consecutive session today and the Stoxx 600 gain (~0.4%) is
recouping the losses of the past two
NZDUSD has an up and down trading day with sellers taking more control below 100/200H MAs
2023-06-22
100 and 200 hour MAs at 0.6192 and 0.61847
NZDUSD buyers try to take more control, but has work to do
2023-06-21
Witness the determined efforts of buyers in the NZDUSD pair as they attempt to establish control, yet challenges lie ahead. The recent lows have encountered resistance just before reaching the 200-day moving average (MA). Explore the significance of this technical barrier and its implications for the currency pair’s future movements. Stay updated on the latest developments and gain valuable insights for your trading decisions by watching this informative video.
The USDCAD sellers had their shot below key swing area support. They missed.
2023-06-20
Discover the recent rebound of the USDCAD as it rises above a significant swing area between 1.3207 and 1.32299. Learn about the implications of this price action and how it could impact the future movements of the currency pair. Stay informed about potential trading opportunities in the forex market by watching this video.
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