The climbed above the 0.68 level on Wednesday. In the North American session, NZD/USD is trading at 0.6816, up 0.65% on the day. The currency has jumped 1.09% this week. New Zealand dollar showing strong volatility Volatility is the name of the game, at least in the month of December. With market participants eyeing Christmas […]
The BoJ released the minutes of its , and unsurprisingly, the yawned in response. Some members noted that inflation remains subdued despite higher input costs and the weak yen, and called for monetary easing to be maintained. Inflation has been high on the agenda of many of the major central banks, including the and the […]
Watch the for any change in direction. The ATR for the pair currently is 136 pips per day, and its 180-day average is 121 pips. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not […]
The dollar edged higher in early European trade Wednesday, but ranges are tight as traders continue to assess the impact of the Omicron Covid variant as the year-end approaches. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 96.558. rose 0.1% […]
The pair has traded in the 1.1260 to 1.13 range in the past few weeks. Currently, the pair is trading around 1.127 after reaching its resistance level at around 1.13. It could drop towards its support level at around 1.1260 before rebounding back to test the resistance level at around 1.13. if it can surpass […]
For the likes of Amundi Pioneer Asset Management and Brandywine Global Investment Management, the answer may lie in higher-yielding emerging markets or big commodity producers that stand to gain from rising prices. Analysts at Goldman Sachs. are more focused on mispriced opportunities around the policies of central banks, which may show more willingness to embrace […]
UK GDP revised downwards The UK economy grew 1.1% in the , revised downwards from the initial estimate of 1.3%. The expansion was led by robust consumer spending, which beat expectations with a gain of 2.7% as lock downs were lifted in July. Investors didn’t seem perturbed from the downward revision, as the has moved […]
The MACD oscillator is holding above its trigger and zero lines, but the momentum is very weak, while the RSI is flattening above the neutral threshold of 50, both mirroring the sideways move in the short-term. If the price successfully overcomes the 114.25 immediate resistance, the next stop could come from the almost five-year high […]
It is hardly surprising that the has almost come to a halt after successfully completing a local correction. Besides, the economic calendar was uneventful. At the moment, the fluctuations of the EUR/USD pair are very moderate, and it seems that nothing will change today. At the same time, markets are waiting for the US GDP […]
The dollar was down on Wednesday morning in Asia, but moves were small as investors continued assessing the impact of the omicron COVID-19 variant on the global economic recovery. The that tracks the greenback against a basket of other currencies inched up 0.01% to 96.500 by 10:36 PM ET (3:36 AM GMT). The pair inched […]