Sentiment Improves as China Data Boosts Hopes of 5% Growth China’s banks lent a record 4.9 trillion yen in January as the economy reopened from lockdowns. And there was some anticipation to see whether the new loans were making their
Gold Price Rallies As SVB Failure Casts Doubt for Fed Rate Hikes The price of gold carves a series of higher highs and lows following the failed attempt to test the February low of $1805, and the failure of Silicon
Preview of NZ Q4 GDP The expectation is 0.2% fall in GDP for the December Quarter, following two quarters of extremely strong growth. This does not necessarily mark the start of a recession. GDP data has been choppy since Covid,
USD/JPY Outlook Mired by Failure to Test December High USD/JPY appears to be reversing ahead of the December 2022 high 138.18 as it fails to hold above 200-day SMA, but the Bank Of Japan interest rate decision may curb the
EUR/USD Takes Out February Low Ahead of US Jobs Report EUR/USD takes out the February low following the failed attempts to trade back above the 50-day SMA, and developments coming out of the US may keep the exchange rate under
GBP/USD Fed Chair Jerome Powell Fed Chair Jerome Powell acknowledged that the pace of quarter-point interest-rate increases is not set in stone, and a faster tightening of rates may be warranted if economic data indicates it is necessary. Powell’s follow-up
AUD/USD Defends January Low Ahead of RBA Rate Decision AUD/USD trades in a narrow range after struggling to push back above the 200-Day SMA, and the Reserve Bank of Australia rate decision may keep the exchange rate afloat as the
The RBA Expected hike 25bp The Reserve Bank of Australia are expected to hike their overnight cash rate by 25bp, which would see the OCR at a 10-year high of 3.6%. We noted in their February meeting that the statement
The Week Head:- BOJ, RBA and BOC Meetings An exciting week for markets, with three major currency central banks announcing their monetary policy decisions and a Nonfarm payroll report. The RBA’s meeting on Tuesday is the most likely to be
EUR/USD Rebound Fizzles Ahead of 50-Day SMA EUR/USD approaches the 50-day SMA as it extends the rebound from the February low 1.0533, but a slowdown in the Euro Area’s Consumer Price Index may drag on the exchange rate as it
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
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
