Market Analysis – December 9 The EUR/CHF pair has been gaining steady upward momentum, largely driven by the widening divergence between the monetary policies of the European Central Bank (ECB) and the Swiss National Bank (SNB). With the ECB maintaining interest rates around 2.2% as of November, while Switzerland continues to hold rates near 0%, […]
US30 Analysis – December 9 US30 upholds uptrend as momentum strength continues to support buyers. The index maintains a broadly upward stance on the daily timeframe, with price holding well above the short-term average around $47,680. Momentum remains stable, supported by an RSI reading comfortably above the midpoint, showing continued buyer commitment and a consistent […]
Market Analysis – December 8 The AUD/JPY pair has been demonstrating a consistent upward trend, supported largely by Australia’s relatively hawkish monetary stance, which makes the Australian Dollar more attractive to investors compared to the Japanese Yen. The higher interest-rate environment in Australia encourages traders to favor the AUD, especially against a low-yielding currency like […]
The Canadian dollar (CAD) surged after the release of robust employment figures, highlighting a growing divergence between Canada’s labor market and the softer U.S. employment trends. According to Scotiabank’s Chief FX Strategists, Shaun Osborne and Eric Theoret, Friday’s report signals a potential turning point for the CAD after months of muted performance influenced by trade […]
Market Analysis – December 8 GBPUSD reflects emerging downside bias as momentum conditions soften. The pair is beginning to show signs of a weakening technical posture, struggling to maintain movement above the short-term average near $1.3270. Momentum readings continue to fade as the RSI drops from recent recovery highs, indicating reduced upside participation and a […]
The forex market enters mid-December with a notable shift in momentum. The Euro is encountering renewed selling pressure, giving up recent gains against both the Pound and the Kiwi. At the same time, the New Zealand Dollar (NZD) is strengthening against the Franc and the Euro, although it shows a mild softening against the Australian […]
NAS100 Analysis – December 7 NAS100 reflects strengthening upward bias supported by firming momentum signals. The index continues to reinforce a clear bullish structure on the daily timeframe, with price advancing steadily above the short-term SMA positioned near $25,420. Momentum conditions remain favourable, as the RSI holds comfortably above the midpoint around 58, indicating renewed […]
Market Analysis – December 7 The New Zealand Dollar is closing out the week with impressive strength, positioning NZD/USD for a nearly 3% gain over the last two weeks. This upward momentum has been driven largely by broad U.S. Dollar weakness, as market participants shift their focus to the Federal Reserve’s upcoming policy decision. With […]
The GBPAUD market has continued its southward move as the RBA interest rate outlook continues to weigh on the pair. The RBA interest rate is expected to remain unchanged at 3.6%. On the pound side, the UK’s GDP data is projected to come in higher than the previous reading, rising to 0.1% from –0.1%. Key […]
