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]
NZD/USD Price Analysis: Pair gets rejected again by the 20-day SMA, more downside on the horizon
The NZD/USD got rejected by the 20-day SMA by the fourth time this week. Technical indicators point to increasing selling pressure and decreasing buying pressure. A breakout from the 0.5940-0.6030 range will confirm a bearish outlook. In … [Continue reading]
Canadian Dollar sheds weight, flubbing technical recovery after jobs data misses the mark
The Canadian Dollar shed 0.4% against the Greenback on Friday. Canada saw a worse-than-expected print in net new jobs additions in October. Average Canadian wages also rose, maintaining upward pressure on inflation expectations. The Canadian Dollar … [Continue reading]
Dow Jones Industrial Average clips fresh record high as consumer sentiment climbs
Dow Jones tapped 44,000 for the first time ever on Friday. Equities are extending a near-term bullish push to wrap up the trading week. UoM sentiment survey results came in much better than expected. The Dow Jones Industrial Average (DJIA) rose into … [Continue reading]
Bitcoin Price Forecast: BTC eyes $80K as Coinbase traders raise demand 145%
Bitcoin price hit a new all-time high of $76,825 on Thursday, November 7, and continued to consolidate above the $76,000 level on Friday. On-chain data trends show unusually high demand for BTC among US-based traders on Coinbase over the past two … [Continue reading]
Gold falls amid US Dollar surge, traders eye US inflation figures
Gold declines as Trump’s win reduces political risk; focus on potential inflationary policies. US Dollar recovery pressures Bullion despite lower Treasury yields. Powell signals gradual rate adjustments, leaving Fed’s future path open amid economic … [Continue reading]
Dow Jones Industrial Average climbs as consumer sentiment improves
Dow Jones tapped 44,000 for the first time ever on Friday. Equities are extending a near-term bullish push to wrap up the trading week. UoM sentiment survey results came in much better than expected. The Dow Jones Industrial Average (DJIA) rose into … [Continue reading]
EUR/USD drops as traders reassess impact of Trump’s victory
EUR/USD faces significant offers near 1.0800 as the US Dollar resumes its upside trend. Trump’s victory has improved the US Dollar’s long-term outlook. The Euro is down amid Trump tariffs’ threats, German political uncertainty, and doubts over the … [Continue reading]
How strong will the Trump Dollar be? – Commerzbank
The US Dollar may well appreciate somewhat further in the coming weeks and months once the consequences of Trump's election victory have been fully priced in, Commerzbank’s FX analyst Ulrich Leuchtmann notes. Policy of the Trump administration likely … [Continue reading]
USD/INR jumps as equity outflows drag Indian Rupee to all-time low
The Indian Rupee trends lower in Friday’s early European session. The Indian equity selloff and the rise in crude oil prices continue to undermine the INR. The advanced US November Michigan Consumer Sentiment data and Fed Bowman’s speech … [Continue reading]