Forex

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?...

Have stimulus checks hampered March job creation?

Goodbye For Now! Recap of 2020

After 200 articles, it is time for me to hang the coat up and say goodbye. This will be my last article for BlackBull Markets, and I am glad to have had the opportunity to provide content for clients at...

Rare Elliott Wave Formation on AUDJPY

We have been seeing a pretty normal Elliott Wave count on the AUDJPY until this morning. After a complex Wave iv consisting of a Double Zig Zag sitting just above a 38.2% retracement of Wave ii, we started to see...

Trade Ideas

AUDNZD - H4 Timeframe. Rejected the double top we were looking at yesterday after a break of a flat top triangle on a lower time frame. If we can stay below 1.08270, look for moves to 1.05700!...

This week ahead: Interest Rate Decisions, GDP

We've seen risk-on in currency markets recently, with many pairs against the U.S Dollar rallying on confidence that the economy will fare better in 2021. GBP/USD. Broke 1.40, while NZD/USD and AUD/USD both broke 0.78 and 0.73, respectively. Oil has...

USD/JPY Looking For 100?

We have seen a clear downtrend in the USD/JPY since the U.S peaked in early April. The Coronavirus saw a rush to the cash, specifically the Greenback....

NZD/AUD – Battle Of The Interest Rates

NZD/AUD is approaching a robust congested area at around 0.925. A downwards channel sees a possible move further lower may see the pair come a level below 0.9. However, an action lower will be dictated on which economy puts the...
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