Blogs

<p>The New Zealand Dollar surged by 51 basis points or 0.85% against the US Dollar on Thursday. The currency pair breached the 50– hour simple moving average during Thursday’s session. All things being equal, the NZD/USD exchange rate would continue to surge in the descending channel pattern. Bulls could aim for the upper line of [&hell

<p>The Australian Dollar surged by 63 basis points or 0.99% against the US Dollar on Thursday. The currency pair tested the 200– hour simple moving average at 0.6469 during Thursday’s session. Everything being equal, the AUD/USD exchange rate is likely to maintain the descending channel pattern. A decline towards the weekly support leve

<p>The common European currency surged by 67 basis points or 0.58% against the Japanese Yen on Thursday. The surged was stopped by the 100– hour simple moving average during Thursday’s trading session. As for today’s session, the EUR/JPY exchange rate could continue to edge higher. Bullish traders are likely to aim at the upper li

<p>GBPJPY although presently finding temporary footing, faded back below the restricting 50-day simple moving average (SMA) currently around 132.32 over the past week. Aiding the forthcoming negative price action are the short-term oscillators and the near completion of a bearish crossover of the 200-day SMA by the 100-day one. The MACD, in t

<p>USDCAD is trading not too far from the 20- and 40-day simple moving averages (SMAs), which are moving horizontally over the last sessions. The near-term bias is looking neutral-to-bearish as the RSI is flatlining marginally above the 50-neutral level, while the stochastics are pointing south and the %K and %D lines are ready for a [&hellip

<p>GBPUSD is flashing bearish trend signals on the four-hour chart as the price seems to have completed a double-top pattern below 1.2246. With the shorter-term simple moving averages (SMAs) also having crossed below the longer-term SMAS, the pair could continue its bearish trajectory, though for that to happen the neckline around 1.2246 and

<p>Yesterday, US President Donald Trump spoke very unexpectedly in favour of a strong dollar. He said in a Fox interview: “It’s a great time to have a strong dollar. Everybody wants to be in the dollar because we kept it strong”. This is precisely the position that the US presidential administrations have publicly supported,

<p>Gold prices are up close to 0.80% on the day led by a modest risk-off rally. This comes amid renewed tensions between the United States and China. The breakout off the 1712.50 level comes after a prolonged period of consolidation. However, gold is not out of the woods as it approaches the previously set highs […]

<p>Oil prices are up over 3% intraday after the EIA report showed a drawdown in crude oil inventories on Wednesday. At the same time, Saudi Arabia’s Aramco reported that they will cut back on crude oil allocation to some Asian countries. But, prices remain well off from the previous range highs near 27.95. A firm […]

<p>The pound sterling fell to a one month low on an intraday basis after the currency pair lost the 1.2277 support area. Price action is currently rebounding following the declines. But, the gains will likely stall near the 1.2277 level which could now act as resistance. If the reversal is confirmed here, then we expect […]