Forex

High Stakes: RBA rate decision vs. Melbourne Cup

We are about 8 hours away from the latest Reserve Bank of Australia interest rate decision. That decision is due on Tuesday at 2:30 pm (local Aussie time), a couple of hours before the country's biggest horse race, the Melbourne...

No such thing as a Hawkish pause? USD overrated?

Has the market adopted the term “hawkish pause” to bolster USD bids? It could be possible that, in an attempt to drag out USD strength just a little bit longer (euro has weakened –4.20% in past 6 months), the term...

Swiss Franc rides high on investor flight to safety

Investor flight to safety might provide a favorable outlook for the Swiss franc this week. Swiss franc against the USD and GBP might be the most interesting considering the Fed and the Bank of England (BoE) hold their policy meetings...

Currency Watch: AUDUSD of interest for next 2 weeks?

There are two weeks left until the Reserve Bank of Australia (RBA) decides whether to enact another rate hike (on November 7). And, yesterday’s Australia Consumer Price Index (CPI) might have made the trading in the lead up to this...

Best trade of the week? USDCAD or Oil?

Will bearish bets on the Canadian dollar grow in the lead up to Wednesday? It is widely expected that the Canadian central bank will leave interest rates on hold during its meeting that concludes on this day (Although, it may...

False Bitcoin rumors revealing real market sentiment

Fake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application....

NZD/USD Targets for Election Night

Fancy selling into uncertainty? This could be a scenario for the NZD/USD in the lead up to the election in New Zealand which is way too close to call for either major political party right now (Labour vs National). Voting...

Is it safe to set sell orders at 150.000 for USD/JPY now?

Did the BoJ secretly intervene in Japanese Yen on Tuesday? And is there more to come? For now, Bank of Japan officials have avoided explicitly stating whether they had stepped into the market to strengthen the yen. After the USD/JPY...

USDJPY Short? BoJ Intervention and US Gov Shutdown Risks

On Monday, the USDJPY dollar hit an 11-month peak, a move triggered by the Federal Reserve's recent signaling of another potential interest rate hike and an intention to maintain higher rates for longer....
Join Now