Blogs

<p>One of the key factors for identifying a proper reversal trade setup is in finding the correct areas where the market is more likely to reverse. These areas are commonly known as support and resistance areas or zones. Seasoned traders would often consider a market reversal signal only when the reversal signal is a reaction […]

The AUD/USD pair remains capped under the 0.6600 mark during the early Asian session on Monday.

New Zealand Trade Balance NZD (YoY) rose from previous $-13.87B to $-13.57B in December

New Zealand Trade Balance NZD (MoM) rose from previous $-1234M to $-323M in December

New Zealand Imports declined to $6.26B in December from previous $7.23B

New Zealand Exports dipped from previous $5.99B to $5.94B in December

<p>Earlier post on short selling restrictions announced over the weekend:</p><ul><li><a href="https://www.forexlive.com/news/weekend-china-news-reports-of-further-short-selling-restrictions-to-be-imposed-in-march-20240128/" target="_blank" rel="follow" data-article-link="true">We

<p>China's Financial Times media outlet with a report that Shenzen and Shanghai exchanges said those who hold shares will not be able to lend them out for short-selling outside of a lockup period:</p><ul><li>rules to be implemented in March</li><li>China Securities Regulatory Commission says this will create

<p>The Federal Open Market Committee (FOMC) statement is due at 1400 US Eastern time on Wednesday, January 31</p><p>The consensus is for the Committee to leave the Fed Funds rate on hold at 5.25-5.50%</p><p>The consensus is also for the first rate cut to come in Q2, although late in Q1 is well-sipported also.After this

<p>The fall in imports for the month could be read as a sign of underlying weakening domestic demand or a decrease in consumer confidence. Expectations of rate cuts this year from the Reserve Bank of New Zealand are firming, this may go into the mix for an earlier rate cut than is currently expected. </p> […]