Economic News Category

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 the live one, but don’t write off the BOJ’s ability of surprising market at Governor

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 encourages the European Central Bank to winddown its hiking-cycle. The decline from the yearly high

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