Forex

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...
currency

Around-the-world currency round-up; EUR, JPY, AUD, GBP

The USD dollar is not giving up ground against its trading partners. In fact, the US dollar index has just minted fresh 2-year highs, crossing the 102 level for the first time since March of 2020. Investors are waiting with...
Inflation and tech earnings

Inflation and tech earnings set to rattle many markets next week

Next week, the largest market events will centre on inflation, with Australia and the European Area updating the market as to their respective rising consumer prices. Australia's quarterly inflation report is due this coming Wednesday. The country has been curiously...
Quantitative Tightening

What does Quantitative Tightening mean for stocks and the USD?

In its most recent policy meeting in March, the US Federal Reserve hinted at plans to shrink its balance sheet at a rapid pace of $95 billion per month, its latest attempt to tame red-hot inflation in addition to its...
Ukraine

Spotlight on the currencies of Ukraine’s neighbours

The USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost...
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