Currency

USD/CNH hit fresh highs ahead of high-stakes trade talks, a currency move which will surely irk the president and have a large impact on markets if Yuan weakness is sustained. If momentum is persists it could be headed for 0.6920 and 0.6980 if Beijing allow. Over the near-term we’ve seen USD/JPY hold above its cycle […]

Binance Coin (BNB) Price Analysis – May 8     For the past two weeks, Binance Coin trading has been trending below the last high due to the supply forces in the market. As a result of this, the sellers appeared to be gaining control of the market. If the buyers manage to position trade […]

RBNZ cut rates for the first time since November 2016, taking it to a new record low of 1.5% today. Yet whilst NZD is broadly lower, RBNZ’s hint 1.5% is it for now could limit downside over the near-term. Summary of the statement: (OCR) has been reduced to 1.5 percent Lower OCR necessary to support […]

Trade talks in Washington are set to resume today and it could be a binary outcome for global sentiment. As Matt Weller pointed out, the US-China trading relationship (or lack of) will have dramatic impact on global markets and with a general lack of news-flow beyond the RBNZ meeting shortly, this is the only game […]

After much anticipation, the RBA opted to held rates at 1.5%, making it the 30-consecutive meeting without a change of policy since lowering rates to record lows. That doesn’t mean they’re out of the woods yet though… Looking at the differences between the April and May statement, the RBA continue to remain optimistic over employment […]

The RBA and RBNZ meetings are on our doorstep (RBA up in less than 2 hours) and with either having the potential to cut rates, we could be in for a lively 24hrs for AUD and NZD. The two main factors which have traders preparing for a rate cut tomorrow is RBNZ shifting to a […]

The Southern Methodist University recently put out a research paper that found a couple of standout facts regarding the cryptocurrency industry. Most notable is the finding that tweet count and Google search trends can help predict when crypto prices are about to change.     Correlation is key That’s right. As reported by Bitcoinist, the […]

Amazon shares (NASDAQ:AMZN) have gapped up as a result on an ongoing strong buying pressure in the market. This is a trend that is supposed to continue for most of this year. Price reached a significant low in December 2018, and then rose up, only to trade sideways later. The sideways movement ended in March […]

A strong rejection of support places a clear line in the sand for bulls, who appear set to target the December 2016 highs. As Matt Weller noted in our FOMC recap the Fed left policy mostly unchanged (bar a 0.05% reduction of the IOER rate) yet remain concerned over price pressures. However, markets were positioned […]

RPUSD Medium-term Trend: Bullish     • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.29, $0.27, $0.25   Yesterday, April 29, the XRP price was in a range bound movement below the 12-day EMA and the 26-day EMA. On April 26, a bullish candlestick broke the bearish trend line signaling the end of […]