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NZD/USD Price Analysis: Neutral outlook as bulls and bear fight for the lead
The NZD/USD upside seems to be limited as buying and selling forces struggle for dominance. The RSI suggests a neutral outlook, while the MACD indicates declining selling pressure. A crossover between the 100 and 200-day SMA might propel the pair upwards. The NZD/USD traded mostly flat on Friday’s s
NZD/JPY Price Analysis: Bullish momentum remains, indicators gather strength
The NZD/JPY rose by nearly 0.90% to 89.80 on Friday. The RSI is in positive territory and rising, indicating buying pressure. The MACD is showing rising green bars, suggesting increasing bullish momentum. In Friday's session, the NZD/JPY continued its climb, propelled by a 0.90% rise to 89.80. This
USD/JPY Price Forecast: Records back-to-back days of gains, stays below 144.00
USD/JPY on track for a positive weekly close, yet still under key resistances, maintaining the downtrend. Resistance challenges include Kijun-Sen at 144.40 and Ichimoku Cloud; 50-DMA approaching a bearish cross with 100 and 200-DMAs. Buyer momentum builds with RSI rising, though remains below the cr
Americans have spent all of their pandemic savings and then some
Talking heads and politicians laud the “resilience” of American consumers. They managed to keep spending despite rapidly rising prices thanks to post-pandemic price inflation. But these pundits and politicos rarely talk about how Americans have weathered the inflationary storm. When you look at the
Gold: The all-weather investment
The mainstream financial media quoted me last week saying gold was the “all-weather” hedge against whatever may happen with the Fed pivot and more. That’s been proven accurate, as stocks are down, the dollar is stronger, and yields are rising... yet gold is soaring. Here’s what it all means and what
India reports record Gold imports in August
India reported record gold imports in August after the country slashed its import duty the month before. India ranks as the world's second-largest gold consumer behind China. In July, the Indian government cut taxes on gold and silver imports by more than half, lowering duties from 15 percent to 6 p
Canadian Dollar flattens on tepid Friday
The Canadian Dollar continues to churn in the midrange. Canada remains on the back burner after CPI inflation fizzled this week. CAD traders are facing a slim data calendar next week. The Canadian Dollar (CAD) found little underpinning momentum on Friday, and the CAD is poised to wrap up the end of
US Dollar rises as sellers take a breather, political jitters
US Dollar is gaining strength after Fed decision volatility. New York Fed's Nowcast model predicts robust economic growth in third and fourth quarters. Fed expects financial conditions to remain loose, supporting economy. The US economy is experiencing a moderate slowdown, but indicators suggest tha
Fed's Waller: 50 bps cut was the right move
Federal Reserve (Fed) Board of Governors member Christopher Waller noted on Friday that while the Fed's decision to cut interest rates by an accelerated 50 bps, the Fed's data-dependent approach could mean that the next meeting will be a pause as policymakers await further data. Key highlights (50 b
Fed's Bowman: Would have liked a smaller first cut
Federal Reserve (Fed) Board of Governors member Michelle Bowman clarified on Friday why the policymaker voted against the Fed's 50 bps jumbo rate cut this week. Fed Governor Waller goes down in the books as the first Fed Governor to vote against both the consensus and the Fed Chair since 2005. Key h
Will the Fed’s emergency 50bp rate cuts in September cement a soft landing for the economy?
The FOMC meeting and press conference for September was projected to be a dovish one. Fed Chair Powell was expected to cut rates by 50 bps. The preponderance of Wall Street lackeys were busy begging for a series of immediate and deep reductions in borrowing costs. Some in D.C., like Senator Elizabet
EUR/GBP Price Analysis: Sellers hit the gas and take further ground
EUR/GBP weakens further, and buying pressure continues to retreat. The RSI is moving dangerously near the oversold threshold. The 0.8380 presents a strong barrier against the sellers. In Friday's session, the EUR/GBP pair continued to decline, losing 0.15% to close at 0.8385. The bearish outlook per
GBP/USD Price Forecast: Gains modestly after hitting record high above 1.3300
GBP/USD hits resistance at 1.3340 and forms a potential ‘shooting star’ candlestick, signaling possible further losses. Key support lies at 1.3250, with additional levels at 1.3239, 1.3200, and the July 14 peak at 1.3142. On the upside, GBP/USD must reclaim 1.3300 to retest the YTD high of 1.3340, w
Gold: Some buying activity is hitting the tapes – TDS
Gold prices continue to melt into new all-time highs in the overnight, TDS Senior Commodity Strategist Daniel Ghali notes. Shanghai trader positioning has edged off its record highs “Clearly, some buying activity is hitting the tapes, but the source remains off of our radar for now. In fact, visible
NZD/USD slumps from 0.6250 as US Dollar strives to gain ground
NZD/USD drops from 0.6250 as the market sentiment turns cautious. The US Dollar bounces back ahead of Fed Harker’s policy announcement. Traders expect the Fed to reduce interest rates further by 75 bps in the remainder of the year. The NZD/USD pair faces selling pressure above the crucial resistance
Pull-up Update
