Currency

Trade Talk Sentiment Supports The Kiwi | NZD/USD Optimism surrounding trade talks and Brexit has weighed on the dollar, providing a reprieve for some arguably oversold commodity currencies. As noted by my colleague Fawad Razaqzada, AUD/USD is on the cusp of printing a bullish hammer on the weekly chart, helped by improved trade sentiment and less demand […]

The British pound has weakened across the board this week. And we see potential for further downside to come. GBP/NZD has depreciated around -1.4% since our prior video, having broken its bullish trendline and suggesting the high has been seen around 2.0. As for cable, it’s found support around 1.2183 yet 2-year yield differentials between […]

Despite the weaker dollar, signs of stability are surfacing so we’re closely tracking DXY and EUR/USD for a near-term inflection point. And with the dollar index trading within two bullish channels, we don’t believe the dollar has topped out just yet. This brings EUR/USD into focus as it struggles to break above a zone of […]

After discovering its potential for the upside movement, AUDUSD has appreciated against the greenback since the prior trading session. The FX pair had exited the prior session above its opening price after recovering from early selling pressure. Key Levels Resistance Levels: 0.6895, 0.6805, 0.6776 Support Levels: 0.6671, 0.6620, 0.6600 AUDUSD Long term Trend: Bearish Despite […]

Two United States lawmakers have urged the Federal Reserve to evaluate the possibilities of creating a digital dollar currency. House of Representatives members, French Hill and Bill Foster recently sent a letter to the Federal Reserve Chairman Jerome Powell, expressing the concerns they have on the implications the US dollar would face in a likely […]

By Eno Eteng (MSTA), Market Strategist at InvestingCube and ATFX. The EURGBP pair traded lower on Thursday as news emerged of the award in the WTO case between the EU and the US over Airbus subsidies in favour of the US. This paves the way for the US Trade Representative’s (USTR) office to apply 25% higher tariffs on […]

GBP/NZD has essentially oscillated in a wide, sideways range since last October and price action has provided well defined swings. And they’re not small swings either, coming in at an average of around 1900 pips. We think the top is in and now waiting for bearish momentum to extend to its downside. The New Zealand […]

EUR/USD Bears To Fade Into Rallies Below 1.10? Sentiment-wise, the USD is on the back foot following the deterioration of ISM manufacturing data. Yet we’d argue the dollar’s weakness could be temporary, like when the USD weakens following a Fed cut only to see it appreciate over subsequent weeks (even if counterintuitive to conventional wisdom regarding […]

AUD Under Pressure Ahead Of Tomorrow’s RBA Meeting RBA are expected to cut rate tomorrow by 25 bps, to a new record low of 0.75%. RBA last cut rates back in July, having already done so in June to shave 50 bps over the two months, which takes the total amount of cuts to 14 […]

Weekly COT Report: Bullish Exposure To USD Hits A 3-Month High As of Tuesday 24th of September: Bullish exposure to the USD is at $17.4 billion, its highest level in 3-months CAD traders reduced net-long exposure by -15.2k contracts, their least bullish positioning since June Net-long exposure to JPY was reduced by 11.1k contracts Bearish […]