forex news

JPY

Japanese Yen pairs moving in opposite directions

Beginning mid-July, the USD/JPY began its downward trajectory, dropping to 130.39, a strong support level, after creating a high of 139.38. After which, some choppy price action in the first half of August has heavily disguised trader sentiment and a...
USD/CAD

What peak Canadian CPI means for the CAD?

Canada may now be over the peak inflation hump. The Canadian Inflation Rate has dipped to 7.6% in July from 8.1% in June. The main culprit for the fall in inflation is the decline in gas prices, which has helped...
bnpl

ASX buy-now-pay-later stocks enter regulatory spotlight

From relative obscurity, buy-now-pay-later (BNPL) services have become instant superstars. As consumer preference shifts from credit cards to interest-free instalments, the market for BNPL providers also grows, attracting regulations that may curb their capabilities and the fast rate at which...
NZDUSD

Can the RBNZ push the NZD/USD close to 0.6500?

The NZD/USD has been on a bullish trend against the US dollar since August 14, 2022. Unfortunately, the pair could not reach the 0.6500 key area, before staging a two-day reversal starting on August 15. Last week's high topped out...
BHP

BHP Group to explore new territory of $53 per share?

This week is one of the busiest for the Australian Securities Exchange, with many of its biggest names delivering their respective earning reports. Among those reporting is the country’s largest mining company, BHP Group (ASX: BHP). BHP are expected to...
gbp

Trading GBP in the lead up to UK GDP data

Great Britian’s GDP Growth Rate data for June 2022 is released in a few hours' time. The British economy expanded 0.5% MoM in May, unexpectedly beating forecasts for a neutral month of growth. May’s reading stood in stark contrast in...
Gold technical analysis shows possible upside

Relief pumps still in play for XAU/USD

On the weekly chart, we can see that Gold has made a four-week push from lows of $1,680/oz to its current trading price close to $1,790/oz. However, sentiment may be slightly bearish for Gold at the moment with many indicators...
Rocket Lab

Are Rocket Lab’s shares undervalued?

In comparison with perceived market-leader SpaceX, Rocket Lab USA's (NASDAQ: RKLB) valuation is underwhelming. Given its $2.5 billion market capitalization, Rocket Lab is eclipsed by the $127 billion SpaceX. However, analysts believe that assessing Rocket Lab's true worth warrants a...
Pinterest

BlackRock’s crypto deal helps COIN shares ahead of Q2 results

Coinbase's shares breached a nine-week high and peaked at $101.18 in the first week of August following the announcement of its partnership with the world's largest asset manager, BlackRock. Shares of the cryptocurrency exchange platform operator had been on the...
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