An explosion of a neutral triangle results in wider ticks and heavy volume. A bull cross, represented by 20-and 50-EMAs, indicates more upside ahead. For a confident upside, the RSI (14) is needed to sustain in the bullish range of 60.00-80.00. The … [Continue reading]
When is New Zealand CPI and how might it affect NZD/USD?
We have Statistics New Zealand that will be releasing the third quarter Consumer Price Index inflation data this morning in Asia. There’s a lot of room for the headline CPI number to surprise on the upside or the … [Continue reading]
UK’s Jeremy Hunt: There remain many difficult decisions to be announced
British Finance Minister Jeremy Hunt is speaking to the House of Commons following the Leader of the House Penny Mordaunt. Earlier on Monday, Hunt announced the UK government will reverse almost all tax measures announced on the mini-budget. Speaking … [Continue reading]
UK PM Truss: We have taken action to chart a new course for growth
Following new Chancellor Jeremy Hunt’s fiscal U-turn, UK Prime Minister Liz Truss said that ”we have taken action to chart a new course for growth that supports and delivers for people across the United Kingdom.” She noted, “the British people … [Continue reading]
USD/CAD to keep moving up closer to 1.40 – MUFG
The Canadian dollar remains the second-best performing G10 currency year-to-date although it has traded on a weaker footing over the past month. Economists at MUFG Bank expect the USD/CAD to hover around the 1.40 level. Fed remains on course to … [Continue reading]
EUR/USD Price Analysis: Approaches 0.9790 resistance confluence
EUR/USD picks up bids to reverse previous pullback form 100-EMA. 38.2% Fibonacci retracement level adds strength to the upside filter. Three-week-old horizontal support zone restricts immediate downside. EUR/USD remains mildly bid around 0.9750 as … [Continue reading]
NZD/USD builds cushion around 0.5560, focus shifts to NZ inflation
NZD/USD has sensed demand from around 0.5560 amid an improvement in the risk appetite. Improvement in US CPI has left no other option for the Fed than to continue the current pace of rate hike. Kiwi’s inflation rate for Q3 is expected to decline to … [Continue reading]
Chart of the Week, Gold Price: Halloween comes early, XAU/USD back below critical bearish structure $,1670
Gold was back under pressure and there could be far more downside to come. All will depend on whether the US dollar can continue on its northerly flight trajectory, now pressing on towards 2002 levels. It was an eventful week wending October … [Continue reading]
XRP Price: TapJets files amicus brief in favor of payment giant Ripple
TapJets, partner at Blockchain Expo of North America filed an amicus brief in Ripple’s favor, saying XRP use as an alternative to fiat must be preserved. Analysts expect a decline below the $0.486 level, an invalidation for the bullish thesis … [Continue reading]
Crypto Twitter’s hunt for the next 1000x altcoin is on
Analysts watch Quant (QNT), Ethereum Name Service (ENS) and Maker (MKR) in their hunt for the next 1000x altcoin. In the ongoing bear market as Bitcoin price trend remains undecided, analysts have identified key trends in altcoins that have … [Continue reading]