Currency

Whilst RBNZ are expected to cut rates again tomorrow, it remains unclear how dovish the statement may be, given the mixture of weak economic data of late alongside a lower currency and improved US-China trade sentiment. According to a Reuters, 80% economists polled expect RBNZ to cut rates by 25 bps tomorrow. This would place […]

Weekly COT Report: Trade Optimism Supports CAD and AUD As of Tuesday 5th November: Large speculators were net-long USD by $12.2 billion, down by $0.34 billion the prior week CAD traders were their most bullish in two years AUD traders were their least bearish since January AUD also saw the largest weekly change, with net-short exposure […]

Key Resistance Levels: $5, $6, $7 Key Support Levels: $3, $2,$1 EOS Price Long-term Trend: Bullish EOS is in a bullish move but it is encountering penetration at the $3.70 price level. The market pulls back and continues to trade below $3.70. EOS has made concerted efforts at the resistance so as to move up […]

In a scenario where the price of Bitcoin is crashing, what would be the best reactions to take? Below are a few things an investor can do to weather the storms of a market crash. Maintain a Calm State of Mind Trading Bitcoin mandates that one has a disciplined mind state, meaning that your emotions […]

The cable has been prime territory for Forex CFD traders in recent months, the unpredictability surrounding the ongoing Brexit debacle leading to huge shifts in the value of the Sterling. While wild swings in currency exchange rates are not good news for businesses, or anyone else trying to plan for the long-term, they are very […]

A ’Risk Reversal’ Could Finally Be Underway | JPY Pairs The table could be turning for risk, with several JPY crosses looking like they’re finally topping out and due their anticipated corrections. With indices just off record highs and several markets pausing below key resistance (AUD/USD, EUR/JPY and USD/JPY, just to name a few), it suggests traders […]

November has been off to a much better start for USD than October ended. Add seasonality to the Mix and DXY could be in for a positive close this month. This ties in nicely with Tuesday’s analysis, which showed bearish engulfing candles tend to provide bullish reactions on DXY. However, looking at seasonal data for DXY, […]

Key support on DXY (USD index) around 97 has proven its worth, seeing prices bounce higher and fly in the face of the bearish engulfing candles seen on the weekly and monthly chart. Whilst it’s still possible we’ll see DXY hit a new low, bullish momentum is firm so there’s potential for further upside. Out […]

Rising Unemployment Weighs on NZD | NZD/USD, NZD/JPY, AUD/JPY Weak employment data took its toll on the Kiwi today, seeing expectations for RBNZ to cut rise further. Q3 Unemployment rose to 4.2% (3.9% prior, 4.1% expected) Job growth softened to 0.2% QoQ (0.8% prior, 0.3% expected) Labour costs continued to rise, now 2.3% YoY (although […]

RBA held rates as expected, yet the easing bias remains despite talk of a ‘gentle turning point’. Going into today’s meeting, expectations for a cut were low at just 7% according to the RBA Rate Indicator. But then they had cut rates three times over four meetings, and policy changes can take many months before […]