AlexanderCollins

The daily RSI shows that buyers' hold over the market is likely fading, signaling the growing presence of sellers. On the hourly chart, indicators underline a prominent seller command in the past sessions. The NZD/JPY is trading slightly lower at around 91.23. It seems the firm grip buyers had over

On Wednesday, Joachim Nagel, a policymaker at the European Central Bank, stated that a rate reduction for the institution appears to be becoming more probable for June. However, he also noted that certain components of the incoming inflation data still seem to be higher than desirable. "Underlying i

Federal Reserve Chair Jerome Powell stated that a "lack of further progress" in controlling inflation means the central bank will likely refrain from reducing interest rates at its upcoming policy meeting just two weeks away, instead maintaining elevated interest rates for a prolonged period. Since

Inflation in New Zealand, as measured by the change in the Consumer Price Index (CPI), rose to 6.8% QoQ in the first quarter (Q1) of 2024 from 0.5% in the previous reading, Statistics New Zealand reported on Wednesday. The figure was above the market consensus of 0.6%. Annualized CPI inflation in Ne

"We are closely watching the latest events," said Finance Minister Shunichi Suzuki on Tuesday in Tokyo before his departure for Washington to attend the annual International Monetary Fund events and meetings of finance ministers from the Group of Seven and Group of Twenty nations. "We stand ready to

Inflation concerns and geopolitical tensions might continue to weigh on Monday. Iran's drone attack against Israel and the Middle East tensions are closely monitored by investors. In the Asian trading session, oil prices fell slightly, as there is a fear that Brent might surpass $100 a barrel. Early

EUR/USD attempts to recover from five-month lows amid escalated Middle-East tension. Iran launched explosive drones and missiles at Israel late Saturday. The pair received downward pressure by diverging policy scenarios for the ECB and Fed. EUR/USD edges up to near 1.0650 during the Asian session on

The daily RSI of the NZD/USD reveals that sellers remain in command with values below 50. The daily MACD shows a slowdown in selling pressure as flat green bars begin to form. Buyers hint at gaining minor traction in the short term, with hourly indicators recovering. The NZD/USD pair reflects the on

Dow Jones index trades lower for fourth consecutive session this week with Wall Street mixed. US PPI data has provided some relief to investors although market sentiment remains frail. The Dow Jones index forms bearish Head & Shoulders pattern that might anticipate deeper correction. The Dow Jon

In today's TradeGATEHub Live Trading session, Coach Dale asks Mike which sectors are at the forefront of today's market recovery. Delving into broader market movements, Dale discusses the latest shifts in yields and the dollar, providing a macroeconomic perspective. Meanwhile, Michael Venezia shares

The Bank of Canada has decided to maintain the overnight rate target at 5%, as anticipated by the market, and is persisting with its policy of quantitative tightening. Governor Macklem of the Bank of Canada stated that they are observing the necessary conditions to potentially decrease policy intere