Forex

Watching for USDZAR to break resistance

The USD/ZAR rallied with eagerness after it went down to a significant demand area at 16.20000. Now, the price has entered a short period of consolidation, as traders anticipate this Friday’s speech by the US Federal Reserve Chair Jerome Powell....
eur/usd

How long will EUR/USD parity last?

After the EURUSD reached and broke below parity, an analysis of the situation is in order. Last week, the euro failed to close above 1.0320 and the 50-Day Moving Average, presenting a potential bull trap and setting up the opportunity...
JPY

Japanese Yen pairs moving in opposite directions

Beginning mid-July, the USD/JPY began its downward trajectory, dropping to 130.39, a strong support level, after creating a high of 139.38. After which, some choppy price action in the first half of August has heavily disguised trader sentiment and a...
USD/CAD

What peak Canadian CPI means for the CAD?

Canada may now be over the peak inflation hump. The Canadian Inflation Rate has dipped to 7.6% in July from 8.1% in June. The main culprit for the fall in inflation is the decline in gas prices, which has helped...
NZDUSD

Can the RBNZ push the NZD/USD close to 0.6500?

The NZD/USD has been on a bullish trend against the US dollar since August 14, 2022. Unfortunately, the pair could not reach the 0.6500 key area, before staging a two-day reversal starting on August 15. Last week's high topped out...
gbp

Trading GBP in the lead up to UK GDP data

Great Britian’s GDP Growth Rate data for June 2022 is released in a few hours' time. The British economy expanded 0.5% MoM in May, unexpectedly beating forecasts for a neutral month of growth. May’s reading stood in stark contrast in...
nfp

How did the market react after July’s Non-Farm Payrolls?

The Non-Farm Payrolls (NFP) for July 2022 surprised many as it reported that the US economy added 528,000 jobs, more than twice the consensus forecast. Total NFP employment has now returned to the pre-pandemic level, when 20 million jobs were...

Is the EUR/CHF overbought or oversold?

The EUR/CHF pair is currently in between the key levels around 0.97000–0.97900. We might see a bounce from here up to the next resistance of 0.99500 and even up to the 1.00500 level, in confluence with the 50 MA. However,...
recession

Why isn’t the US officially in a recession?

The US has technically entered a recession in the second quarter 2022 as the economy contracted 0.9% year over year, following a 1.6% decline in the first quarter. However, the official body that is tasked to make a call on...
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