The New Zealand Dollar (NZD) could drop further; at this time, it does not appear to have enough momentum to reach 0.5770 for now. In the longer run, downward momentum is beginning to build; NZD is expected to weaken to 0.5770, UOB Group’s FX … [Continue reading]
USD/MXN rises above 20.50 as Trump vows 25% tariffs on Mexico
USD/MXN climbs to near 20.50 in Tuesday’s early European session, adding 1.1% on the day. Trump’s fresh tariff threats exert some selling pressure on the Mexican Peso. The FOMC meeting minutes will take center stage later on … [Continue reading]
WTI drifts lower to near $68.50 on possible Middle East ceasefire deal
WTI price attracts some sellers to near $68.55 in Tuesday’s Asian session. The possible Middle East peace deal caps the WTI’s upside. Expectations for a revival of China's imports could boost the black gold. West Texas … [Continue reading]
Gold price tumbles on Israel-Hezbollah ceasefire rumors, furious risk-on mood
Gold sees significant sell-off on developments in the Middle East. Markets viewed Scott Bessent's appointment as Treasury Secretary positively. Possible ceasefire between Israel and Lebanon keeps Gold heavy. Gold price (XAU/USD) plummeted during … [Continue reading]
US Dollar opens week on a soft note after Trump picks hawkish choice for Treasury position
The US Dollar gives back parts of last week's gains at the start of a holiday-shortened week due to Thanksgiving. President-elect Donald Trump has nominated Scott Bessent for the role of Treasury Secretary. The US Dollar Index falls below … [Continue reading]
EUR/USD holds onto recovery driven by Trump’s pick of Bessent as Treasury Secretary
EUR/USD recovers to near 1.0500 as the US Dollar tumbles after Trump’s pick of Scott Bessent as Treasury Secretary The US Dollar weakens, tracing plunging bond yields. ECB Lane warned that US tariffs could lead to a big disruption in the … [Continue reading]
Gold price sticks to heavy intraday losses amid risk-on mood, holds above $2,650 level
Gold price falls sharply from a three-week high in the wake of the risk-on environment. Bets for slower Fed rate cuts also drive flows away from the non-yielding yellow metal. Retreating US bond yields prompt USD profit-taking and could … [Continue reading]
NZD/USD holds positive ground above 0.5850, RBNZ rate decision in focus
NZD/USD gains traction to around 0.5860 in Monday’s Asian session, up 0.55% on the day. RBNZ is likely to reduce the OCR by 50 bps on Wednesday, bringing the rate to 4.25%. The cautious stance from the Fed might support the USD. … [Continue reading]
New Zealand Trade Balance NZD (MoM) climbed from previous $-2108M to $-1544M in October
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Dogecoin Price Forecast: Bulls deploy $355M in DOGE longs amid Gensler exit confirmation
Dogecoin price bounced 13% higher to reclaim territory above $0.40 on Friday, snapping a weeklong consolidation phase. DOGE traders deployed $355 million on leveraged long positions following Gary Gensler’s exit confirmation. DOGE price trading … [Continue reading]