Bull_Bare_Trading

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The Euro remains on the back foot after Wednesday’s anemic PMIs showed the single bloc’s economy struggling to make any headway. The latest ECB ‘sources’ talk is that momentum is growing for the European Central Bank to pause any further rate hikes as recession fears grow. Weak growth, benign wage growth, the slowdown in Chinese economic activity, and improved...

Bull_Bare_Trading Updated 

This is the forex quote for the New Zealand Dollar vs. Japanese Yen exchange rate. NZD (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including NZD). Investors tend to...

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The New Zealand dollar gave up early gains against its peers after China cut its one-year benchmark lending rate but left its five-year rate unchanged. The one-year benchmark lending rate was cut by 10 basis points, while the five-year rate was left unchanged, contrary to expectations for 15 basis-point cuts to both. Over the weekend, China pledged to coordinate...

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It was a month ago now that USD/CAD had bottomed-out. While the pair had spent much of the prior 17 months trending-higher, sticking to a bullish trendline for much of the time, the month of June brought a strong change of pace as the US Dollar fell while the Canadian Dollar strengthened. Out of the US, the USD was being driven lower by the prospect of rate cuts...

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Since August 2022 at 0.937, USDCHF has been in a bullish sequence as this was supported by the recent dollar strength. This may stall as dollar seems like it is due for a breather, but this is only temporarily. In my opinion, this stall would be a short-term correction prior to a continuation to the upside. Taking into SNB’s recent commentary it seems like they...

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The Australian Dollar is attempting to snap a three-day losing streak against the Greenback. Reserve Bank of Australia (RBA) Governor Lowe provided the Aussie Dollar with some ammunition following comments which lent on the hawkish side as he maintained the RBA is committed to the inflation fight, not ruling out further rate hikes. Governor Lowe stated the...

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The British pound’s resilience this year (+5.4%) against the US dollar remains fervent as sticky inflationary pressures within the UK persist. The euro has followed a similar trend as the Bank of England’s (BoE) interest rate cycle continues in an aggressive manner. Money markets (refer to table below) favor a 25bps rate hike in September but the probability has...

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US DATA, DOLLAR INDEX AND JACKSON HOLE As Gold looks to snap its recent run of losses this week the US Dollar has remained supported on fears that the US Federal Reserve will need to keep rates higher for longer. This comes as US data with the exception of the PMIs this week remains strong. Strong labor data and US Durable Goods numbers yesterday further...

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The daily chart shows a more granular view of recent price action after yesterday’s sizeable drop appears to have found support at the 50-day simple moving average (SMA) before seeing a slight lift in early trading. The MACD indicator hints at an imminent bearish crossover which would excite dollar bears in the event 1960 proves too much of a challenge. The...

Bull_Bare_Trading Updated 

The Federal Reserve today concluded its July monetary policy conclave and voted unanimously to increase its benchmark interest rate by a quarter percentage point to a range of 5.25% to 5.50%, the highest in 22 years. The move was widely expected by market participants given recent projections and comments from various officials, including chairman Powell during...

Bull_Bare_Trading Updated 

Bitcoin (BTC) is recognised as the world’s first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...

Bull_Bare_Trading Updated 

Gold price juggles in a narrow range after a three-day correction from the immediate high of $1,984.00. A mean-reversion is expected in the precious metal toward the 20-period Exponential Moving Average (EMA) around $1,950.00. The yellow metal is under pressure due to a decent recovery in the US Dollar Index.

Bull_Bare_Trading Updated 

USD/JPY to move back to 135 on a six-month view as BoJ makes a step towards altering YCC – Rabobank

Bull_Bare_Trading Updated 

If you noticed that the price It seems that it has reached its peak and is slowly forming. So there is a high chance that the price will come down to the given price. Good luck.

Bull_Bare_Trading Updated 

The Australian dollar has been mixed against its peers as Australian rate hike expectations scaled back after employment unexpectedly fell in April. The key focus is now on retail sales data for April due Friday – forecast to have slowed to 0.1% on-month from 0.4% previously. Broadly Australian macro data have come in above expectations since early April,...

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The Euro did not enjoy its most productive week as losses against the greenback continued while fluctuating between losses and gains against the Pound. EUR/USD however remained the pair of interest, putting in a fourth week of losses against the US Dollar in succession. The European Central Bank (ECB) policymakers have maintained a hawkish rhetoric for much of...

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Gold and silver prices continued aiming lower in recent days, accelerating a decline since finding a top in late April. By looking at IG Client Sentiment (IGCS), we can see how retail traders have been evolving their exposure in these precious metals. IGCS tends to function as a contrarian indicator, especially in trending markets. With that in mind, could further...

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According to actual fundamental situation and technical analysis You can enter now at current price for going short