The New Zealand dollar is sharply lower in Wednesday trade. In the European session, NZD/USD is trading at 0.6095, down 0.61%.
US inflation ticked lower in October as expected and the release was a non-event for the markets, which slightly reduced their rate-cut pricing. Headline CPI climbed 3.1% year-on-year in November, down from 3.2% in October and in line...
KOG REPORT – NFP:
This is our view for NFP tomorrow, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings...
The Australian dollar has started the week in negative territory. In the European session, AUD/USD is trading at 0.6648, down 0.40%. The Australian dollar is coming off a strong week, with gains of 1.38%.
The Reserve Bank of Australia is expected to hold rates at 4.35% at its Tuesday rate meeting. The central bank has paused for four straight months and the...
The Canadian dollar continues to gain ground against a slumping US dollar. In the European session, USD/CAD is trading at 1.3529, down 0.23%.
The Canadian currency is poised to post a third straight winning week against the greenback and soared 2.25% in November. It is a busy Friday, with Canada releasing the employment report, the US publishing the ISM...
- The Nasdaq 100 index declined 2.60% last week, yet closed above the 14,000 major weekly support.
- Ahead of the Fed, quarterly bond sales plan and Apple's earnings; the mentioned support (represented in both: the 50-EMA and the downward channel's lower boundary) would play an important role in deciding the market's path on the short/medium-term.
- The...
The UK economy has been struggling and Friday's GDP is expected to indicate negative growth, with a market consensus of -0.1% q/q for the third quarter. In Q2, GDP showed a small gain of 0.2%. August GDP is expected at 0.0% m/m, after a 0.2% gain in September. A soft GDP report will raise speculation about a recession and could weigh on the pound.
Bank of England...
The New Zealand dollar is in positive territory on Wednesday. In the European session, NZD/USD is trading at 0.5926, up 0.26%.
New Zealand's manufacturing sector has been in decline for seven consecutive months and little change is expected from the October PMI, which will be released on Friday. The market consensus stands at 45.0, compared to 45.3 in September,...
Has the market adopted the term “hawkish pause” to bolster USD bids? It could be possible that, in an attempt to drag out USD strength just a little bit longer (euro has weakened –4.20% in past 6 months), the term Hawkish Pause has been thrown around with not-enough criticism.
Not many people have confidence in the US Fed to really make the hard decisions...
In the event that gold reacts in that area, there is a high probability that we will see a strong rise those days until price 2066 or break price 2027.60
False ETF news gives bitcoin a boost: Crypto markets were frenzied on Tuesday after Cointelegraph posted an unconfirmed tweet that the SEC had approved a spot bitcoin ETF. Bitcoin prices jumped over $2,000 USD in minutes before the news was deemed false.
GBTC discount to NAV continues to tighten: The discount between shares of Grayscale’s Bitcoin Trust...
The Canadian dollar has edged higher on Friday. In the European session, USD/CAD is trading at 1.3688, down 0.23%. Canada releases retail sales later today, which could result in volatility from the Canadian dollar.
Canada wraps up the week with the August retail sales report. The markets are bracing for a deceleration, with an estimate of -0.3% m/m, compared to...
The four-hour gold chart shows an uptrend.
The price is above the Ichimoku cloud, which is a confirmation of bullish momentum. Therefore, the market is expected to reach the first resistance.
Key levels
The first resistance is at $1984.32, which corresponds to the 127.20% Fibonacci level.
The second resistance is formed at $2006.86.
Intermediate support is...
Possible head and shoulders set up. I think we bounce here off the neckline back to around 460. This is just from a technical view news could possibly alter this but I was right on the recent drop to 420 so I think a move back to 465 should be appropriate and NVDA makes large 20pt moves like nothing so its really not that big of a move in reality.
