Author: FX
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NZD/USD drifts higher to around 0.5935 in Wednesday’s early Asian session, adding 0.18% on the day.New Zealand’s Trade Surplus climbs to NZ$1,426 million in April vs. NZ$794 million prior.The concerns over the US economy could drag the US Dollar lower broadly. The NZD/USD pair attracts some buyers to around 0.5935 during the early Asian session on Wednesday, bolstered by a weaker US Dollar (USD). The Federal Reserve’s (Fed) Thomas I. Barkin is scheduled to speak later on Wednesday.Data released by Statistics New Zealand on Wednesday showed that the country’s trade surplus soared to NZ$1,426 million in April versus NZ$794 million prior,…
The Reserve Bank of Australia lowered its cash rate by 25 basis points to 3.85% at Tuesday’s policy meeting, marking its second rate cut this year after February’s initial easing. But while the rate reduction itself was widely anticipated (markets priced in a 96% probability ahead of the decision), the accompanying statement and economic projections struck a notably more dovish tone than expected, triggering a sharp selloff in the Australian dollar. Key Takeaways: RBA cut its cash rate by 25 bps to 3.85% as expected GDP growth forecast was lowered to 2.1% for 2025 (from 2.4%) with unemployment expected to…
This Kiwi pair has been stuck in a range for quite some time, and it looks like a breakout could be on the horizon. With NZD scoring 6.1/10 versus CHF’s 6.8/10 in this week’s FX Fundies Cheat Sheet, NZD/CHF could be poised to test its range support and perhaps attempt a break lower. Here are the technical levels I’m watching. NZD/CHF 4-hour Forex Chart by TradingView This currency pair has been pacing back and forth between support around the .4900 major psychological level near S1 (.4880) and resistance close to the .5000 handle and R1 (.4990) since mid-April. Price is…
Canada reported a dip in its headline annual CPI from 2.3% to 1.7% in April, but other measures of inflation beat market estimates. Components revealed that the removal of the federal carbon price pushed energy costs sharply lower, leaving core inflation metrics to reach 13-month highs, potentially complicating the Bank of Canada’s path to further rate cuts. Link to Canada’s April CPI Report Here are key points from April’s CPI report: Annual inflation dropped to 1.7% in April from 2.3% in March (analyst forecast: 1.6%) Energy prices fell 12.7% year-over-year, with gasoline prices tumbling 18.1% Food prices accelerated to 3.8%…
The ATR MA Oscillator MT4 Indicator is a smart technical tool that combines two key elements: volatility and trend direction. It takes the Average True Range (ATR), which measures how much the price moves, and blends it with a Moving Average to create an oscillator. This oscillator shifts above and below a zero line, helping traders see whether momentum is building up or fading. When it moves above zero, buyers are gaining control; when it dips below, sellers may be taking over. Why Use This Indicator Many traders rely on just one type of signal—trend or volatility—but this tool combines…
US judge says deportations to South Sudan likely violate court order Source link
JP Morgan’s FX strategy team expects the US dollar to face mild downward pressure in the near term, driven by portfolio rebalancing and increased currency hedging—particularly from countries with large exposure to US equities.In a research note, the bank identified Norway, Switzerland, Canada, Sweden, the UK, Australia, and Israel as having the largest US equity holdings relative to their own GDP. “Capital repatriation could be most consequential for their currencies,” the team said, flagging these economies as potentially more sensitive to shifts in global asset allocations.While the bank does not anticipate large-scale capital outflows from the US, it sees “a…
Nike stock gains despite market downturn.Traders expect Vietnam’s leaders to negotiate a good deal on tariffs.The 90-day tariff reprieve ends in early July.Nike has overcome the 50-day SMA and could rally toward $74.Nike (NKE) shares are rising in the face of the gentle market downturn on Tuesday, and some traders might be interested in how to play the premier US sneaker king. NKE stock has transcended its 50-day Simple Moving Average (SMA) in the last several sessions for the first time since March 11, and one wonders if the bottom is in.Nike stock is up just under 1% at $62.62…
jetcityimage/iStock Editorial via Getty ImagesThe Trump administration is set to extend Chevron’s (NYSE:CVX) deadline to halt its operations in Venezuela by another 60 days, Bloomberg reported Tuesday, as the U.S. continues negotiations with President Maduro’s government over repatriation flights and the fate of U.S. detainees in the Source link