Forex

parity nt

Will the GBP be the next to hit parity with the USD?

After the euro made a once in 20 years slide to parity with the US dollar, one might also ask: will the British pound be the next to cross parity with the American dollar? The GBPUSD pair has been consistently...
JPMorgan

Finding the silver lining in JPMorgan’s Q2 earnings report

Yesterday, JPMorgan Chase (NYSE: JPM) reported that the bank's second-quarter earnings fell as a result of adding $428 million in bad loan reserves. With this view, JPMorgan has chosen to temporarily halt its share repurchases in order to meet regulatory...
GBPUSD

Why might the GBPUSD breakout lower to 1.1650?

Technical analysis, and in particular the Range identifier Indicator, suggests a possible continuation to the downside is on the cards for GBPUSD. The Range Identifier is a technical tool that highlights price ranges of an asset. Technical analysts will commonly...
USDMXN

Will the USDMXN run counter to general dollar strength?

The US dollar has found a mild bullish impetus in Jerome Powell’s ECB forum appearance where he reiterated his hawkish outlook for the US economy. Powell believes that the US economy remains well positioned to absorb tighter credit conditions while...
Australian dollar

Economic view of the Australian dollar

As fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit. Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government...
NZDUSD

Is the NZDUSD bearish or bullish?

The Reserve Bank of New Zealand (RBNZ), showing concern about inflation, made another 50bsp hike during May taking its Official Cash Rate to 2.0%. The hawkish tone and actions of the RBNZ paired with fears the US economy could tip...
recession

Is the US on the brink of a recession?

Nearly 70% of academic economists recently surveyed by the Financial Times in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business expect the US economy to fall into a recession in 2023. Of...
GBPJPY

Is the GBPJPY overcooked?

The Sterling has appreciated almost 8.5% against the Japanese yen since May 12, and the steep climb may have begun to look overdone as the price retraces back for the past days. The Bank of England (BOE) hiked its benchmark...
USDCHF

USDCHF is reaching for parity again

The USDCHF can be relatively slow-moving compared to other major forex pairs. However, we have seen some significant moves since March this year. In fact, the most recent April monthly candle was the largest bodied candle in almost seven years....
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