FX

Share: NZD/USD could surpass the resistance level of 38.2% Fibonacci retracement at 0.6179. A break above the 0.6200 could prompt the pair test 50.0% retracement level of 0.6223. The pair could meet the support at the nine-day EMA at 0.6124 Technical analysis suggests a momentum shift towards an upward direction. NZD/USD continues to move on

Share: The DXY Index is mildly up on Monday’s session. No relevant data was released during the session and American traders celebrate Presidents’ Day. The FOMC January minutes will be the week’s highlight. The US Dollar (USD) measured by the Dollar Index (DXY) stands neutral around 104.30 with American traders on the sidelines celebrating the

Share: NZD/USD continues to move in a positive direction amid a stable US Dollar. New Zealand Dollar gains ground on the stronger Business NZ PSI. RBNZ Governor Adrian Orr mentioned that the RBNZ has more to do to anchor inflation expectations to the 2.0% target. NZD/USD extends its winning streak that began on Wednesday with

Share: NASDAQ Stock market Elliott Wave analysis and trading strategies: NASDAQ 100, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL). Elliott Wave Analysis Update: Nasdaq 100’s Wave c) of 2 is yet to be finalized. Most stocks mentioned in the video also need to decline to

Share: Coinbase traded up as much as 13% on Friday following earnings. Q4 2023 gave Coinbase its first profitable quarter in nearly two years. Coinbase earned $1.04 per share on a GAAP basis in Q4. Q1 2024 received an upward revision in expected revenue from management. Coinbase Global (COIN) stock soared as much as 13%

Share: USD/JPY advances to 150.16, lifted by US inflation figures and positive consumer outlook. Fed’s Bostic and Daly call for a cautious stance on rate cuts, advocating patience. Technical outlook suggests bullish potential for USD/JPY, eyeing targets beyond 151.00 with key supports in focus. The USD/JPY is set to finish the day and the week

Share: Wall Street’s main indexes trade mixed after opening marginally lower on Friday. Producer inflation data from the US came in stronger than forecast. Communication Services Sector is the worst-performing major S&P 500 sector midday. The S&P 500 (SPX) index fell 0.48% to close the session at 5,005.57. The Dow Jones (DJIA) dropped 0.37% to

Share: Canadian Dollar on weaker footing approaching the closing bell. Canada foreign investment barely moved the needle. US PPI numbers came in above expectations, hampering rate cut bets. The Canadian Dollar (CAD) broadly stuck to the middle ground on Friday, finding little room in either direction against the majority of its major currency peers heading

Share: The strength in the Dollar pushed USD/JPY back above 150.00. Economists at UBS analyze Yen’s (JPY) outlook. The current entry point to buy the Yen is attractive We think the BoJ’s policy normalization remains on track this year on strong wage hike negotiations and corporate profitability.  We maintain the view that the Japanese Yen

Share: US Retail Sales missed the mark on Thursday, driving down the US Dollar. The Euro caught a leg up, putting more distance above the 1.0700 handle. Friday wraps up the trading week with US PPI figures, Michigan sentiment survey. EUR/USD gained ground on Thursday, extending a rebound from the 1.0700 handle after the pair

Share: USD/IDR is stable at around the 15,600 level following Indonesian general elections. Economists at Commerzbank analyze the pair’s outlook. Indonesia to post steady growth of around 5.1% this year Prabowo Subianto, 72 and the current Defence Minister, claimed victory in the Presidential election in Indonesia. Investors have taken the result positively. The strong result

Share: Canadian Dollar sees thin action in quiet midweek market. Canada brings strictly low-impact data for the rest of the week. CAD recovery supported by Crude Oil, but energy market hesitation limits gains. The Canadian Dollar (CAD) churns on Wednesday as markets continue to digest Tuesday’s harsh shift in rate cut expectations after US inflation

Share: Watch the video extracted from the WLGC session before the market open on 13 Feb 2024 below to find out the following: The key support level for the Nasdaq 100 The directional bias for the long-term, swing and immediate term. The red flags you need to be aware of in this current market. and a lot more…

Share: As US inflation continued to run hot in January, investors now started to price in a probable interest rate cut by the Federal Reserve in June, while the Greenback navigates yearly highs and US yields trade in multi-week tops across the curve. Here is what you need to know on Wednesday, February 14: The

Share: EUR/USD was rejected around 1.0800 on Monday. Economists at ING analyze the pair’s outlook. Growth outlook not that relevant for the ECB We like the chances of a moderate uptick in the pair this week.  One risk to this view is the ZEW survey published in Germany today. Consensus is aligned for a modest

Share: Canadian Dollar sees thin gains with support from steady Crude Oil bids. Canada sees a data-light economic calendar this week. Markets kick off the new trading week on a quiet note ahead of key US inflation data. The Canadian Dollar (CAD) found some room on the high side on Monday, drifting into the green

Share: Last year, central banks purchased a near-record 1,037t of Gold and a record 1,082 tonnes in 2022. After record central bank buying in 2022 and 2023, economists at TD Securities expect continued strong demand from central banks in the years to come.  Central banks reigniting Gold bull run Considering that about a quarter of

Share: S&P 500 ended the week at a new all-time high above 5,000. Alibaba, PayPal and Disney were among noteworthy companies that reported earnings this week. Technology Sector is the best-performing S&P 500 major sector on Friday. The S&P 500 (SPX) index rose 0.57% to close the session at 5,026.61. The Dow Jones (DJIA) dropped