Forex

NZ and Australia entering recession?

New Zealand's economy contracted by 0.2% quarter-on-quarter in the three months to June 2024, setting the stage for a technical recession as Q3 GDP is expected to decline further by another 0.2%. New Zealand has recorded the steepest per capita...

Finally some relief for the Australian Dollar | FX Research

US CPI came in as expected on Wednesday, which has kept markets mostly confined to tighter consolidation. The data confirms expectations for another rate cut from the Fed next week. However, it also introduces the possibility that the Fed might...

EUR tests support: Fed decision next

The EUR/USD is trading near a fresh monthly low around 1.0480. The European Central Bank delivered a widely expected 25-basis-point rate cut earlier in the day and downgraded its growth outlook, signaling weaker-than-anticipated economic performance....

AUD: Oversold ahead of RBA decision?

This week, the Reserve Bank of Australia (RBA) is holding its final board meeting of the year to decide on the cash rate....

Yen and Aussie slide | FX Research

The two biggest movers in the FX market on Wednesday have been the Yen and the Australian Dollar, both of which have come under significant pressure....

Euro reacts to French PM’s budget crisis

The euro remains under strain as French PM Michel Barnier faced a no-confidence vote over a divisive budget plan of tax hikes and spending cuts. The vote closed at 8:20 p.m. local time....

Currencies trying to fight their way back | FX Research

Tension has eased slightly as Tuesday progresses, with currencies regaining some stability against the US dollar. There was strong dollar demand at the start of the week following President-elect Trump's warnings to BRICS nations about adopting an alternative currency to...

USD/JPY: Currency drama unfolds in Asia

The Japanese yen found support today following South Korea's decision to declare martial law, prompting a flight to safety across markets. The South Korean won tumbled to ₩1,444 at one point, its lowest since October 2022 (now trades at ₩1,416)....

Considering the next big upside target for bitcoin | FX Research

When considering trends, it's important to understand that markets tend to move in measured steps. Looking at the Bitcoin chart, the $69,000 high reached in 2021, followed by the low in 2022, represented a move of $53,540....
Join Now