The New Zealand dollar versus the Canadian dollar currency pair is in a spot from where it could go either way for a considerable amount of time and pips. Long-term perspective After falsely piercing 0.8692, the low of 0.8628 favored the bulls who managed to bring the price very close to the local support level of 0.8915. The next step would have been a consolidation and the continuation of the ascending move, as the bulls had the situation in their favor. … “NZD/CAD Under the Weekly Support of 0.8692”
Author: admin_mm
NFP Preview: 5 scenarios for EUR/USD, mostly downbeat
US Non-Farm Payrolls are set to provide a fresh direction after markets digested the Fed decision. Low expectations may lead to a positive surprise. The US dollar is well-positioned into the release. The historic rate cut by the Federal Reserve – which turned out to be hawkish and dollar-positive – may be behind us. However, the next … “NFP Preview: 5 scenarios for EUR/USD, mostly downbeat”
EUR/USD levels to watch after Powell’s powerful performance
The Federal Reserve has countered its rate cut with a confident message. Fed Chair Jerome Powell has extended the dollar gains with three critical comments. EUR/USD has fallen to the lowest in two years and eyes critical levels below. The confident message in the Fed statement – expressing confidence on inflation, employment and the two … “EUR/USD levels to watch after Powell’s powerful performance”
3 reasons why the USD can continue higher after the hawkish Fed cut
The Federal Reserve has cut its interest rates for the first time in a decade as expected. The Fed also signaled it is unlikely to reduced rates anytime soon. The USD has been advancing ahead of the release and the move may further extend. The Fed finally did it – cutting rates for the first … “3 reasons why the USD can continue higher after the hawkish Fed cut”
EUR/USD may retreat ahead of the Fed with EZ inflation and GDP figures
Euro-zone July inflation and second-quarter GDP are set to show a slowdown. The European Central Bank will be using this data to construct its monetary stimulus package. The figures due out hours before the critical Fed meeting may weaken the euro. “The economic outlook is getting worse and worse” – said Mario Draghi, President of … “EUR/USD may retreat ahead of the Fed with EZ inflation and GDP figures”
Chinese Yuan Weakens As Trade Talk Hopes Fade
The Chinese yuan is weakening against several major currency rivals to kick off the trading week, driven by investors not expecting much to come out of the renewed US-China trade negotiations this week. Tradersâ hopes were dashed after one prominent White House official conceded he âwouldnât expect any grand dealâ as the worldâs two largest economies hold talks. Larry Kudlow, the director of the National Economic Council, … “Chinese Yuan Weakens As Trade Talk Hopes Fade”
Sterling Suffers from Rising Chances of No-Deal Brexit
The Great Britain pound slumped against all other most-traded currencies today amid concerns that chances for a no-deal Brexit increase. And a hard Brexit can deal a serious blow to Britain’s economy. The currency was trading at the lowest level in about two years. An official spokesman of Britain’s Prime Minister Boris Johnson said that the PM will not meet leaders of the European Union to discuss a trade deal until they drop … “Sterling Suffers from Rising Chances of No-Deal Brexit”
5 scenarios for GBP/USD on the BOE’s Super Thursday
The Bank of England is set to hold its rates but publish new projections on “Super Thursday.” The darkening clouds around the global economy and Brexit may cause a rethink. There are five scenarios for the decision and pound reaction. The disconnect between the Bank of England’s upbeat assessment and markets’ dim views is unlikely … “5 scenarios for GBP/USD on the BOE’s Super Thursday”
AUD/CAD Looking for 0.9000
The Australian dollar versus the Canadian dollar currency pair is under bearish dominance and the support of the 0.9100 psychological level seems to give way. Long-term perspective From the 0.9614 high the price entered a descending move which confirmed rigorously key resistance areas — like 0.9483, 0.9387, and 0.9225. In such a bearish driven environment the last support, 0.9104, seems to have little to do in order to withstand the downwards pressure. If the previous low … “AUD/CAD Looking for 0.9000”
After the plunge, these GBP/USD levels are eyed
GBP/USD has hit 1.2247 – the lowest in two years on fears of a hard Brexit. PM Boris Johnson has rejected the claim that the government is assuming no-deal. GBP/USD may challenge levels last seen in late 2016 / early 2017. How low can the pound go? The pound’s plummet has turned into an avalanche as the new … “After the plunge, these GBP/USD levels are eyed”