forex news

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...
bear market

What it means for US stocks to be in a bear market

Wall Street has officially fallen into a bear market as investor sentiment is hammered by soaring inflation, rising interest rates and worries about a looming recession in the world’s largest economy. A bear market occurs when a stock index like...
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...
MACD

What does the MACD say about the NAS100 and the SPX?

Of the 24 weekly candles that make up this year's chart on the S&P 500 (SPX), only 7 have finished bullish. The Dow jones Industrial Average (US30) and the Nasdaq Composite (NAS100), the US’s 2 other major indices, have followed...
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...
Apple Pay Later

Apple enters BNPL sector, unveils Apple Pay Later

Apple Inc. (NASDAQ:AAPL) is planning to offer buy now, pay later (BNPL) services in the US despite concerns of a potential market squeeze as more providers have a crack at the sector amid growing consumer borrowing and spending....

PFOF, fees, meme stocks, UST; 4 actions by the SEC explained

The US Securities and Exchange Commission is planning to overhaul retail stock trading regulations in an effort to boost competition and give smaller investors a fair shot at the best trading prices....
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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