forex news

Will the NZD rally or reverse after the RBNZ rate decision?

The NZD/USD has been on an uptrend since mid-October. However, this rally may be on a temporary halt as the pair hits the upper trend line on its downward channel, as shown below in the daily timeframe chart. For now,...

US PPI data and wayward projectiles impacting EUR/USD

The Euro has lost some ground against the US dollar after reports that Russian missiles had struck inside the Polish border killing two polish citizens. The reason for the drop in the Euro is because Poland is a NATO member...

How did markets react to soft US inflation?

Huge, unexpected moves occurred across several markets after the US inflation report for October was released last Thursday. For those that missed the news, US inflation came in softer-than-expected at 7.7% (vs. 8.0% expected, and down from 8.2% in the...
cpi nt

Is the USD still a buy ahead of US CPI

So many factors are affecting the currency markets right now that it can be hard to get your head around them all. Activity is definitely centered on the US. Last week, we had the US Federal Reserve’s interest rate decision...

Iron ore hits record-low as demand drops

By the end of 2022, the price of iron ore is expected to hit their lowest level in three or four years as global demand for the commodity continues to slow down, particularly from China, the world's largest consumer of...

A brief history of cryptocurrency

Cryptocurrencies started gaining traction after 2008 with the advent of Bitcoin. However, cryptocurrencies had existed for decades prior to the debut of Bitcoin. The term cryptocurrency originally appeared in 1989, when David Chaum invented digital money. It used cryptography to...

The aftermath of the Fed’s fourth 75bps hike

It's now official; the US Federal Reserve has enacted its fourth consecutive 75-basis-points rate hike, bringing its benchmark rate to the 3.75% - 4.00% range, which is the highest it has been since January of 2008. The markets were expected...
twitter nt musk

Looking for a replacement for trading Twitter shares?

Now that Elon Musk’s buyout of Twitter has been completed, and the company has been taken off the trading market, what comparable stocks can traders look to trade now? Of course, there are other social media compatriots that traders could...

NZD falls from top 10 most traded currencies list 

A couple surprising notes have appeared in the Bank of International Settlements’ (BIS) survey released today (28/10/2022). The triennial (occurring every three years) survey was conducted with the involvement of monetary authorities, like central banks, from 52 territories as well...
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