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MOST RECENT ARTICLES
WTI extends retreat toward $55; U.S. equity futures decline Pound, gold flat; Treasuries hold steady; EM shares slip European stocks dropped on Wednesday, outpacing losses in Asia and U.S. futures as investors weighed the rout in oil prices, a mixed bag of data on China’s economy and the latest trade developments. The dollar and Treasuries […]
From the FXWW Chatroom – We are seeing the result of a perfect storm where supply and demand have both moved in the wrong direction, and prices have declined to the point where liquidation is being forced on those who got out too late. How did we get to this point so suddenly? OPEC+ was […]
Last week’s investor demand yielded a 4th positive weekly performance from the last 5. Importantly, the move took NZDUSD to the most positive levels traded for 14 weeks, breaking above the trend defining 21 week moving average. This confirms a similar bullish cross in the NZDUSD RSI indicator that occurred 3 weeks previously. A change […]
From the FXWW Chatroom – NZD is rummaging around in a familiar range against the USD. The broader NZDUSD range to respect is 6690-6820. Most activity can be seen against the crosses with weakness against the GBP (Positive Brexit news), offset by strength against the CAD and AUD (Oil price sensitive commodity currencies). Of most […]
The markets look rather mixed on Wednesday, although the Euro does look as though it is capable of a test of 1.1300+ against the US$. In the longer term though the charts look heavy and so a sell-the -rally theme seems to be the game-plan. The other currency that looks OK is the Kiwi which […]
At the start of last week, investors took profits on long dollar positions on the fear that the US Midterm Elections would cause a significant market disruption. However, when the Democrats won control of the house, investors sold dollars and took it right back up in the NY session. 24 hours later, the Federal Reserve’s […]
November bounce evaporating fast as ‘wall of worry’ sets in Tech outlook dims, trade back in focus, Fed still set to hike Asian stocks traded lower Thursday following a tech-led slump on Wall Street overnight though the worst of the losses were pared on hopes for progress in the U.S.-China trade dispute. Treasury yields dropped […]
From the FXWW Chatroom – Kiwi held in well overnight all things considered, with NZDUSD seeing solid demand above 0.6700. We notably outperformed on the crosses, NZDAUD breaking above 0.9345/50 resistance and both NZDGBP and NZDEUR continuing their recent run higher. We’re starting to approach attractive levels to start fading these cross moves and we […]
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