Forex

Biden’s Six Trillion-Dollar MAGA Budget

The six trillion-dollar budget is a truer ‘Make America Great Again’ budget than anything that has been seen in quite some time. The Biden Administration has opted not to set out an adversarial position of ‘America First’ and isolationism like...

USDZAR: Is the South African Rand set for a reversal?

The Rand has chipped away at the USD for the better part of a year, resulting in a currency exchange rate of 14.14 ZAR per USD. The pair has begun uncomfortably consolidating in a range, with wicks indicating quite a...

What does the Reserve Bank of New Zealand think about house prices?

The rise in New Zealand house prices over the past 12 months has been extraordinary. As a result, Finance Minister Grant Robertson has moved to increase the scope of the Reserve Bank's concerns. Moving forward, the Reserve Bank must consider...

O Canada: Where might the Canadian dollar head this week?

The Canadian Dollar has run up big gains against its trading partners in the past two weeks. A Hawkish Central Bank and high commodity prices have incentivized Canadian bulls. As a result, the CAD recently reached three-year highs against the...

What to watch this week: Central Banks, GDP, and Confidence

Several reports are arriving this week that are of interest to forex and CFD traders. The USD, against major trading partners, could be materially affected by the Monday’s report on Orders of US-made Durable Goods. The rest of the week...

Biden’s wealth tax and renewable energy plan moving markets

Two major announcements coming from the Biden administration have had a significant effect on Thursday trading. The first announcement, centered on the US’s renewed focus on clean energy, had a hard time countering the second announcement, regarding a hike in...

Canadian Dollar strengthens against partners after statements from Central Bank

On Wednesday, 22/04, the Canadian Central Bank advised that it was to lower the value of its weekly bond purchases. The move, necessary due to the Canadian economy making strides toward its recovery, will be implemented next week. The Canadian...

USD index range possibly narrowing in near term

The USD index is currently ranging in between 90.0 and 93.0 and has been for the past six months. Moving forward, the adequate economic data coming from the US should help the weak Dollar regain some of its status, but...

Is the Aussie priced correctly? RBA decision expected this week

Australia's Interest rate Decision-day is this Thursday, 6 April. What will the RBA do with the rate, you ask?...
Join Now