Author: FX

Bearish Kiwi vibes have been strongly in play recently, but could this NZD pair make a quick pullback soon? The Bank of England (BOE) monetary policy decision might spur some volatility for GBP/NZD later in the week. Here are the potential entry levels I’m watching on the pair’s uptrend. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

The Japanese Yen dives to a multi-month low in the wake of the BoJ’s dovish hike on Tuesday. Hawkish Fed expectations underpin the USD and lend additional support to the USD/JPY pair. Intervention fears might cap the major ahead of the crucial FOMC monetary policy decision. The Japanese Yen (JPY) prolongs its downtrend against its American counterpart for the seventh straight day and drops to over a four-month low during the Asian session on Wednesday. The Bank of Japan (BoJ) raised the short-term interest rates for the first time since 2007 and scrapped its complex Yield Curve Control (YCC) policy…

carterdayne/E+ via Getty Images The U.S. Environmental Protection Agency on Monday issued a comprehensive ban on asbestos, which has long been linked to various types of cancer. The EPA’s announcement of the final rule applies to chrysotile asbestos, the only form of asbestos currently being used in or imported to the U.S.; it is the world’s most common type of asbestos, used in products such as brake linings and gaskets, as well as in the manufacture of chlorine bleach and sodium hydroxide, also known as caustic soda, including some that is used for water purification. The Asbestos Disease Awareness Organization…

© Reuters. ZipRecruiter Inc.’s (NYSE:ZIP) Executive Vice President and Chief Technology Officer, Boris F. Shimanovsky, has recently engaged in multiple transactions involving the company’s stock, according to the latest SEC filings. On March 15, Shimanovsky sold 9,800 shares of Class A Common Stock at prices ranging from $12.00 to $12.36, with the total transaction amounting to approximately $118,848. In addition to the sale, the filings also show that Shimanovsky acquired 24,598 shares at no cost and converted 34,375 shares of Class B Common Stock into Class A Common Stock, also at zero cost. It’s worth noting that these acquisitions did…

Most Read: Japanese Yen Outlook & Market Sentiment: USD/JPY, EUR/JPY, GBP/JPYThe Federal Reserve will release its March monetary policy announcement on Wednesday. Consensus estimates overwhelmingly suggest that the institution led by Jerome Powell will hold its benchmark rate unchanged at its current 5.25% to 5.50% range, effectively maintaining the status quo for the fifth consecutive meeting. Moreover, analysts widely anticipate that the central bank will keep its quantitative tightening program intact for now, continuing to reduce its bond holdings gradually.While the decision on interest rates themselves may not deliver dramatic surprises, markets will be laser-focused on the forward guidance. With…

Markets:Gold down $2 to $2157US 10-year yields down 4.8 bps to 4.29%WTI crude up 53-cents to $83.25S&P 500 up 0.6%USD leads, JPY lagsThe Bank of Japan decision continued to reverberate in a strong ‘sell the fact’ reaction for the yen. Perhaps the market was looking for more of a commitment to a hiking cycle but corporate Japan won’t be happy with both higher interest rates and a weaker currency. USD/JPY initially stalled at 150.65 early in US trading and slipped to 150.30 but quickly found its footing as risk sentiment improved and rallied as high as 150.96 before running into…

The positive outlook on the daily chart improved but bulls aren’t yet in command. the RSI was seen above 70 in recent hours, which may lead to a consolidation. To prevent any potential losses, the bulls must defend the key SMAs. In Tuesday’s session, NZD/JPY is trading at 91.36, registering an uptick of 0.74%. Despite some signals of a consolidation incoming, the market sees dominance by buyers, which leads to a broader bullish outlook. Ahead of the Asian session, the pair may correct overbought conditions on the hourly chart and see some red. On the daily chart, the NZD/JPY pair…

Canadian CPI, USD/CAD AnalysisCanadian inflation slows more than expected in February – raising USD/CADMarkets bring a potential BoC cut closer while delaying the onset of Fed cutsUSD/CAD’s bullish response tapered off but pair heads for channel resistanceThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Trading Forex News: The Strategy Canadian inflation slows more than expected in February – raising USD/CADCanadian inflation, both core and headline measures, came in lower than last month’s figures while CPI came in well below the…

It’s FOMC Statement week! While the Fed is expected to keep its policies steady, potential changes in the Dot Plot forecast may send USD all over the charts this week. What are the markets expecting and how may USD react to the update? Here are points you need to catch up on if you’re planning on trading the FOMC event: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link