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 […]
The general market sentiment is sell trade.Sellers may take their position as desired. EURAUD Weekly Price Analysis – December 7 The EURAUD pair suggests a selling trade as the bears dominate the entire market. The price is at the lower range may continue with the dumps if the sell traders renew their selling strength and […]
Market Analysis – December 6 The currency market is currently fixated on an epic tug-of-war: the British Pound versus the Japanese Yen (GBP/JPY). The pair has staged a remarkable rally over recent weeks, soaring nearly 3.5% since early November as the Pound rode a wave of supportive UK data and high interest rate differentials. GBP/JPY […]
Market Analysis – December 4 USOil signals continuing downside momentum toward lower price zones. The market maintains a broadly pressured outlook as short-term momentum stays aligned with sellers. Price action continues to hold below the 9-day SMA near $58.690, reflecting persistent downward traction and limited bullish strength. With the RSI hovering in the mid-40s, overall […]
EUR/JPY Significant Levels Resistance Levels: 185.00, 190.00, and 195.00 Support Levels: 180.00, 175.00, and 170.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY market seems to have established a new support level at the 180.00 price mark. While the pair currently trades above this level, fundamentals suggest that the pair may move higher in the coming […]
The US Dollar (USD) saw a slight uptick heading into Friday’s session, but overall losses for the week continue to weigh on momentum. While the greenback is attempting to stabilize, the US Dollar Index (DXY) remains under pressure, hovering near the 99 level, according to Scotiabank strategists Shaun Osborne and Eric Theoret. The broader market […]
The EURNZD price could go higher sooner.Buyers may take the lead and control of the trend. EURNZD Weekly Price Analysis – December 5 The EURNZD pair could see an uptrend soon as it is about to resume its bullish rally. The price may likely reclaim another crucial supply level. The selling pressure may not occur […]
Market Analysis – December 4 Gold (XAUUSD) reflects emerging downside bias as momentum fades. Gold is beginning to show clearer signs of softening demand, with the broader structure gradually shifting toward a bearish recalibration. Price is now clustering around the short-term average near $4,170, marking a slowdown in upward commitment after multiple failed attempts to […]
