Currency

By Eno Eteng (MSTA), Market Strategist at InvestingCube and ATFX. The EURGBP pair traded lower on Thursday as news emerged of the award in the WTO case between the EU and the US over Airbus subsidies in favour of the US. This paves the way for the US Trade Representative’s (USTR) office to apply 25% higher tariffs on […]

GBP/NZD has essentially oscillated in a wide, sideways range since last October and price action has provided well defined swings. And they’re not small swings either, coming in at an average of around 1900 pips. We think the top is in and now waiting for bearish momentum to extend to its downside. The New Zealand […]

EUR/USD Bears To Fade Into Rallies Below 1.10? Sentiment-wise, the USD is on the back foot following the deterioration of ISM manufacturing data. Yet we’d argue the dollar’s weakness could be temporary, like when the USD weakens following a Fed cut only to see it appreciate over subsequent weeks (even if counterintuitive to conventional wisdom regarding […]

AUD Under Pressure Ahead Of Tomorrow’s RBA Meeting RBA are expected to cut rate tomorrow by 25 bps, to a new record low of 0.75%. RBA last cut rates back in July, having already done so in June to shave 50 bps over the two months, which takes the total amount of cuts to 14 […]

Weekly COT Report: Bullish Exposure To USD Hits A 3-Month High As of Tuesday 24th of September: Bullish exposure to the USD is at $17.4 billion, its highest level in 3-months CAD traders reduced net-long exposure by -15.2k contracts, their least bullish positioning since June Net-long exposure to JPY was reduced by 11.1k contracts Bearish […]

ITV PLC stock (LSE:ITV) are currently bullish, following the recent rally, which ended the previous bearish movement that happened in August 2019. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left corner of the chart. […]

It Could Be Make Or Break For The Aussie, With Several Pairs Sitting At Support With several AUD pairs sitting at key levels, it could be approaching a time for a make or break for the Aussie AUD/USD remains within an established bearish channel on the daily chart. The September rally stalled around the 50% […]

RBNZ are expected to hold tomorrow, which could leave potential for NZD crosses to bounce is there’s no easing bias in their statement. Unless of course RBNZ want to throw another curveball and cut another 25 bps. On the 7th August, RBNZ went above and beyond with a 50-bps cut, catching many off-guard who were expecting […]

As groundbreaking innovations continue to penetrate the finance space, it is almost impossible for this innovation not to spread to other industries. The movie industry is one of such sectors currently experiencing such revolutions. This is due to the invention of distributed technologies like Blockchain, which has brought about the concept of tokenizing everything. Tokenization […]

Headline: As the manufacturing segment put up a silent recuperation in September, demonstrating a level of versatility in the more extensive U.S. economy, the trade dispute keeps on negatively affecting the general business standpoint, as per new IHS Markit information. The latest Purchasing Managers’ Index (PMI) overview from IHS Markit demonstrated that U.S. Manufacturing, which […]