Delia
He liked
NZD/JPY Price Analysis: Bearish momentum strengthens as sellers reclaim the 20-day SMA
The daily chart of the NZD/JPY indicates a weakening momentum, with RSI and MACD signifying rising selling pressure. The NZD/JPY plunged below the crucial short-term 20-day SMA, hinting at immediate bearish prospects. Despite recent bearish actions, the long-term outlook continues to favor buyers. T
He liked
He liked
Asia wrap: Grappling with political risk
Recent political developments have created a sense of uncertainty in financial markets, particularly regarding the situation in the Middle East. Reports confirm that Israel has carried out an attack on Iran, which caused an explosion in Isfahan. The initial reports suggested that the explosion happe
He liked
He liked
He liked
Gold price rises amid Fed Powell’s comments, Middle East tensions
Gold climbs, reacting to Fed Chair Powell's hawkish comments and mixed US data. Tensions in the Middle East escalate, influencing Gold's status as a safe-haven asset. Market expectations reduce the likelihood of multiple Fed rate cuts this year. Gold prices edged higher late in Tuesday’s North Ameri
He liked
Mexican Peso nosedives as risk aversion grips markets amid Middle East tensions
Mexican Peso depreciates more than 1.8%, driven by Middle East tensions and robust US economic data. The IMF cuts Mexico's growth forecast, expecting tighter fiscal policies ahead. Mexico aims to reduce its fiscal deficit by half through major spending cuts, potentially dampening growth. Market eyes
He liked
USD/JPY outlook: Approaches 155 barrier, the zone of potential Japan's intervention
USDJPY neared 155.00 barrier on Tuesday, as the latest bullish acceleration extends into fifth straight day. The dollar continues to benefit from growing signals about the strength of the US economy which may further delay the start of Fed rate cuts, while yen remains under increased pressure from s
He liked
He liked
He liked
He liked
He liked
Pull-up Update