NZD to 0.59 at end of Q1 2020

ANZ with NZD / USD currency pair forecast – NZD / USD will drop to 0.59 by the end of March next year By 0.61 by the end of June next year ANZ cites the fact that RBNZ lowers interest rates and uncertainty around capital decisions. According to them, interest rates in New Zealand will […]

Support for risky currencies as trade war hopes grow

Movements in major currencies generally tell the history of the markets. A slight hint of risk-on sentiment, but nothing larger at the moment, with risk assets backed by Kudlow’s comments that the US-China trade is getting closer and closer. In such a market situation, risk currencies are profitable. With a little context, AUD / USD […]

EUR/USD: Technical analysis

EUR / USD recovered from 1.09 to 1.1150 in October. The pair is making a serious test of the resistance from the peak of 2018. Still, there are many more barriers to the rise: the 50-MAh of the weekly chart at 1.1230, the 50-MAof the monthly high of 1.1320, the 200 MA of the weekly […]

GBP/USD: Technical analysis

GBP/USD. GBP/USD moved higher in October but ran into resistance in the 1.30 area. The further obstacles on the upside are at 1.3080 (100-week MA), 1.3135 (200-week MA, and 1.3170 (50% Fibo retracement of the April-September decline). Support lies in the 1.2730/00 area (50-week MA, previous resistance line). Only a return below this are will […]

Calm start of the European trading session this morning

There’s not much going on in the forex market after the risk-off session yesterday, as traders settle down before another Fed presidential statement, Jerome Powell, and the upcoming FOMC meeting report later in the US. Ranges among major currency pairs remain tight, with most dollar pairs in 20-pound consolidation with the start of the European […]

EUR/USD – Stop Loss, Take Profit

1. Global slowdown is not over (dollar purchases continue) 2. A new record low of 5y5 EUR inflation, which can increase the ECB’s monetary madness at a higher pace of monthly purchases in the December QE program. 3. The dollar’s volatility will be even lower before the Fed really intervenes Target: 1.0760 S / L: […]

Monday morning forex opening price indications

With barely any liquidity at this time of the week prices can move on not much at all. Take extra care in the early hours. Indicative levels: EUR/USD: 1.0985 USD/JPY 106.91 GBP/USD 1.2299 USD/CHF 0.9955 USD/CAD 1.3311 AUD/USD .6764 NZD/USD .6323

Stocks turn positive, expectations of rate-cut increase

Stocks in the United States recovered most of their losses this afternoon as expectations that the Fed would further ease monetary policy eased concerns about the country’s economy. The S&P 500 went into positive territory after registering more than 1% loss the day before. The Dow Jones Industrial Average is about its opening levels, having […]

6 scenarios that could see the USD lower

Nomura remains bullish on the dollar, but still comment on potential downside scenario 1. If the rate cut successfully boosts US economic growth, it will improve the global outlook and reduce demand for the dollar. 2. US-China Trade Deal Will Make Green Money Weak As Risk-On To Most Assets 3. Global coordinated expansion of fiscal […]