Forex

USDZAR

Is the South African Rand forging its own path against the USD?

The exotic pair of the U.S. Dollar to South African Rand (USD/ZAR) has not correlated strongly with other USD pairs since this year. In fact, the USD is down 1.3% against the ZAR since the beginning of the year, all...
EURUSD

Will EURUSD avoid its 2017 low?

The Euro has shown plenty of weakness against the US dollar since the beginning of the year. The last significant strength it showed was in the last week of January. Since then, it aggressively shot for its pre-pandemic prices in...
GBPJPY nt

Updated technical GBPJPY price forecast

Some long candles have begun presenting themselves in the GBPJPY daily chart recently, pushing and pulling this pair across a significant range over each trading session. This week, GBPJPY has swung between 156.30 and 161.80. As of writing, the GPYJPY...
USD

Has US inflation peaked and what this means for the USD?

After reaching a 40-decade high of 8.5% in March, many economists say the US consumer inflation rate has already peaked at that level after the latest print retreated to 8.3% in April. While this offers some hope for US households...
GBPJPY

Do technicals point to more downside for GBPJPY?

This most recent week, we saw GBP/JPY following the same bearish direction as the previous three weeks, with its strongest impulse happening during Wednesday's New York session. When looking at the weekly time frame, this pair has been in an...
NZDUSD

NZDUSD; Forex recap and the week ahead

While NZDUSD continued its bearishness last week, it showed a strong move up on Wednesday to produce a Thursday high. However, it sold off very quickly as it continued its drop during Thursday's London and New York sessions. The pair...
DXY gold nt

US dollar index and gold analysis after Fed rate hike

Following the US Federal Reserve’s decision to hike its interest rate by 50-basis points, the US dollar index (DXY) sharply declined, breaking its recent support at 103.00. In the days and weeks leading up to the decision, the USD dollar...
ruble

Why has the Russian ruble not collapsed yet?

Russia’s efforts to prop up the ruble appears to be working despite sanctions imposed by Western countries aimed at cutting the Kremlin’s access to external resources and crippling the nation’s ability to fund its war against Ukraine. Last week, the...
interest rate decision USD

The state of the USD leading into the FED’s Interest Rate Decision

The US dollar has been relatively strong compared to its foreign currency peers. Since the start of the year, the index is up by almost 8%. It closed at $103.21 on the 29th of April, the last trading day of...
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