Economic News Category

NZD/CHF Wave Analysis   NZDCHF reversed from support level 0.5750 Likely to rise to resistance level 0.5830 NZDCHF recently reversed up from the key support level 0.5750. The support level 0.5750 coincided with the 50% Fibonacci correction of the previous upward ABC correction from the start of October. NZDCHF can be expected to rise further

GBP/USD Could Recover If Bulls Clear This Hurdle GBP/USD retested key 1.1920 support zone. A major bearish trend line is forming with resistance near 1.2060. EUR/USD is attempting a recovery wave above the 1.0600 resistance zone. Gold price is struggling to stay above the $1,800 support. The British Pound started a fresh decline from well

EUR/USD slides further as the Dollar gains steadily EUR/USD extended its decline below the 1.0600 support. A key bearish trend line is forming with resistance near 1.0580 on the 4-hours chart. GBP/USD could dive if it breaks the 1.1920 support. Gold price is at risk of a move below the $1,800 support. The Euro started

USD/JPY Regains Strength USD/JPY climbed higher above the 132.50 resistance zone. A connecting bullish trend line is forming with support near 134.50 on the 4-hour chart. EUR/USD slowly moved below the 1.0620 support zone. The US GDP grew 2.7% in Q4 2022, less than the 2.9% forecast. The US Dollar gained strength for a steady

FOMC Minutes Instant Insight In their January meeting, Fed officials agreed to continue rate hikes until high inflation is controlled. The Fed is still attuned to the risk they may have to do more to keep inflation falling, a hawkish tilt that may come into more precise view when policymakers issue new interest rate and