AUDUSD The Australian dollar had performed an uptick following the unexpected rise of the interest rate from RBA. This reaction might be temporary, though now Aussie is of the few currencies, gaining higher yields in real-time. Considering the position of AUDUSD at the intermediate-term resistance area, it may pull back as shown on the chart,…
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EURUSD, daily This will likely be a rather volatile week for the pair since there is major data related to EUR and USD in 3 consecutive days this week with the peak on Friday where the “king” of publications the NFP is set to be released. FOMC minutes last week confirmed that the main objective…
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If there are signs of hawkishness from the RBNZ this week, NZDUSD might have significant room to gain in the medium term. The current area slightly below 63c coincides with the 23.6% weekly Fibonacci retracement, but a breakout from here probably wouldn’t face significant for several cents upward except for this month’s earlier highs around…
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Conspiracy theories A digital currency could allow countries to bypass traditional payment systems and engage direct trade with the US and by doing so, reduce the role of intermediaries like banks. Some have suggested that a digital currency could allow the US to default on its debt without actually defaulting. This could be possible if…
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On the technical side, the price on the cable chart has found resistance on the upper band of the Bollinger bands and has since corrected to the downside, with today's candlestick ticking to the upside at the time of this report. The 50 SMA has crossed is still trading well above the 100 SMA, indicating…
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He stated: You can’t have Westernized interfaces being targeted to the Asian market because data has shown they fail really quickly. Exness, a global multi-asset broker, has been able to maintain high levels of client retention and satisfaction through its promise of a frictionless trading experience. The broker uses automation and algorithmic frameworks to process…
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On the technical side the price on the fiber chart has found resistance on the upper band of the Bollinger bands and has since corrected to the downside. The 50 SMA has crossed above the 100 SMA indicating the bull movement is still strong while the Stochastic oscillator is not indicating any overbought or oversold…
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Seasonality: Another important factor for Natural gas is seasonality. The price of this commodity usually peaks in Winter (the withdrawal period) and in summer (the injection period). Now there’s a potential dip between seasonal trends, and considering a softening in the monetary policy from FED, it’s possible to see at least some pullback, which might…
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On the technical side the price on the fiber chart has found resistance on the upper band of the Bollinger bands last Tuesday and has since corrected to the downside. The Bollinger bands are contracting at the time of this report but volatility could pick up later in the week around publication hours of the…
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Dollar-loonie is likely to be highly active later this week because of the respective countries’ job reports on Thursday and Friday. Since the NFP has consistently been higher than expected in 2023 so far, it wouldn’t be very surprising to see a stronger result on Friday with a kneejerk higher for USDCAD. That could provide…
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