AUD/NZD Slides on Dovish RBA ahead of NZ Employment Data
Tonight, the AUD/NZD will remain in focus because we will have key jobs data from New Zealand which could move the kiwi sharply, after the Reserve Bank of Australia Governor dropped the bomb on the Aussie in a surprisingly dovish...
Bottom Drops Out of AUD/USD as RBA Lowe Shifts to Neutral
Mirroring last week’s shift at the Federal Reserve, the RBA has now shifted its future interest rate expectations into neutral. Governor Lowe has long maintained that the next change to interest rates would be an increase, but he changed his...
EURUSD Bear Pressure Remains Intact
EURUSD bear pressure remains intact as it looks for price extension. Support stands at the 1.1350 where a break will aim at the 1.1300 level. A break below here will target the 1.1250 level. Further down, support lies at the...
BoE to Strike Cautious Tone as Brexit Uncertainty Reigns
The BoE is widely expected to keep policy unchanged via a unanimous 9-0 vote on Thursday, at 1200 GMT. Focus will be on the updated economic forecasts, the likelihood for rate hikes – or cuts – this year, and Governor’s...
Elliott Wave Analysis: USDJPY Unfolding a Temporary Pullback
USDJPY made a nice structure, up from 108.49 level, a five-wave move which is now being retraced by a temporary pullback. We see this pullback as an a-b-c, which is now trading at interesting support regions, here at 109.73/109.42 area....
Dollar Takes a Breather, Sterling Recovers Despite Brexit Spats
Dollar is taking a breather for in early US session but remains the strongest one for the week. Positive development on trade talk with China is providing some support to the greenback, except versus Yen, which is the strongest for...
US 100 Index May Challenge 200-SMA Roof; Bullish in Near Term
The US 100 index (NASDAQ 100) has been in a positive tendency after the jump above the 61.8% Fibonacci retracement level of the downleg from the all-time high of 7700 to the 14-month low of 5845, around 6995. Currently, the...
Top 10 Candlestick Patterns To Trade the Markets
Identifying and strategizing using candlestick chart patterns is popular amongst traders, from novices all the way through to experienced individuals. In this article we round up the top 10 candlestick patterns traders must know to trade the markets. Note: New...
AUDJPY Breaks Upside Tendency, Bearish And Oversold
AUDJPY came under strong pressure on Wednesday, with the price reversing all the gains made earlier this month. The pair is currently testing the 200-period moving average (MA) in the four-hour chart and the bottom of the Ichimoku cloud but...
Australia Dollar Crashes After Dovish Statement By The RBA
The Australian dollar declined sharply after the central bank introduced the probability of a rate cut. In a statement, the governor said that there were scenarios where the next move in interest rates was up and other scenarios where it...
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