NZD/USD. The RBNZ’s hawkish meeting and the happenings in Turkey
The RBNZ said it now “had time for contemplation” after raising interest rates, implying a potential wait-and-see stance. Meanwhile, the regulator’s Governor Adrian Orr remained hawkish, predicting a 2.5% rate by the end of 2023. The next round of interest rate hikes is expected to occur in February 2022, in line with the New Zealand […]
The US dollar remains strong, and growth may resume today
The expected Fed rate hike is still a hot topic in the market, and it continues to affect investor sentiment. The US stock market is still dominated by rising borrowing costs, which hurts technology businesses and companies with large debts incurred during the coronavirus pandemic. Historically, rising interest rates have harmed the stock market, but […]
GBP/USD analysis and trading recommendations for November 24
On Tuesday, a sell signal appeared in GBP/USD when the MACD line moved below zero. This allowed traders to securely short the pair, causing a 40-pip drop. The rest of the day brought no more signs. GBP/USD trading advice for November 24 The pound fell yesterday on disappointing UK manufacturing and service PMI data. Demand […]
EUR/USD Technical Analysis for November 24, 2021
The EUR/USD pair set a new swing low 1.1227, which is bullish. The lower channel line was not tested, and the bulls were rebuffed. The bears’ next goal is 1.1185, but if the bulls break out of the channel, the bears’ next target may be delayed. In light of the current market conditions, a bounce […]
Trading AUDUSD Ahead of Australian Employment Change News
The Australian Dollar (AUD) slid down against the U.S. Dollar (USD) on Wednesday, decreasing the price of the AUDUSD pair to less than 0.7400, ahead of the release of the Australian Employment Change news. Technical Analysis As of this writing, the AUDUSD pair floats around 0.7367. Should the price drops further, the pair might find […]
Trading AUDUSD Ahead of U.S Retail Sales News
The Australian Dollar (AUD) inched higher against the U.S. Dollar (USD) on Friday (October 15, 2021), increasing the price of the AUDUSD pair to more than 0.7400, ahead of the release of the U.S. Retail Sales data. Technical Analysis As of this writing, the AUDUSD pair strengthens around 0.7425. Should the price increase further, the […]