Aussie dollar continues Santa rally into 2023

The Aussie dollar has been on a tear in recent weeks as a weaker USD and thoughts of a pivot in US interest rate hikes has seen the Aussie bounce from its lows near $0.62. The Australian dollar and economy have benefited from the improved strength in commodity prices such as Gold and Iron ore which are important players in Australia’s economy. In...

January 10, 2023
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CHFJPY sees potential bottom and short-term reversal

    The JPY had seen some renewed strength after the Bank of Japan finally intervened late in 2022 to widen its target band on its 10-year band to -0.5-0.5% from -0.25-0.25%. This was seen as an overall positive catalyst for the currency and a sign that the Bank may be ready to increase rates. The question that remains is will th...

January 9, 2023
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USDJPY tanks as Bank of Japan adjusts its threshold for intervention

The USDJPY has dropped more than 400 pips in just a few minutes after the Bank of Japan brought adjusted its intervention criteria. The bank did not change its official rate, which are -0.10%, an extremely low figure compared to almost every other country. Japan has been a show of dovishness in a sea of hawkishness. However, this latest move has be...

December 20, 2022
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Is the EUR ready for its next leg down?

The EUR look to be turning after an impressive run. The pair has risen by 12.57%since it hit the bottom in September. At the time the price fell to 0.9525. This was the lowest level the EUR had reached since the year 2000. In September, Europe was facing extreme inflationary pressure and conversely the USD was rocketing towards record high levels. ...

December 19, 2022
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Yuan sees increasing strength as Covid 19 restrictions ease

Yuan sees increasing strength as Covid 19 restrictions ease The USDCNH is an important currency pair not just in terms of pure trading but also in terms of gauging overall market sentiment. The pair is also reflective of much of the macroeconomic pressures effecting the global economy at the moment. This includes but is not limited to, recessionar...

December 15, 2022
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Possible high return Swing Trade on USDCHF

The USDCHF has just reached a significant support zone providing a potential entry for a low-risk high return trade. In recent weeks the USD has an aggressive pulled back on the back of weaker then expected inflation figures. This has benefited the CHF and most other non-USD currencies as expectations of a potential pivot grow and money moves away ...

November 25, 2022
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EUR looking Bullish

The EUR has been on a ‘recovery rally’ since it fell below parity level with USD earlier this year. With inflationary pressures potentially easing across the world the USD has finally taken a breath. The currency which has been haven for many market participants in dealing with the high volatility finally saw a dip after weaker than expected US...

November 17, 2022
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AUDNZD falls from the top of its range

The AUDNZD pair has seen a large drop in the last few weeks and months as the Reserve Bank of Australia has brought about softer interest rate changes then compared to many other countries. Most other countries have dealt with inflation by raising interest rates aggressively.  However, the AUD has been the victim of the RBA’s softer stance. The ...

November 7, 2022
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Buying entry forming on EUR/NZD?

The EUR has been rebounding strongly on the back of being sold off for much of the year. With inflation at record highs and a cost of living and energy crisis, the currency has become extremely weak, even dropping below parity with the USD. However, in recent week, the EUR has begun putting in a bottom. The ECB last night decided to raise their off...

October 28, 2022
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Short term break out on the EURUSD

The EURUSD is showing some signs of a potential short term break out on the daily and 4-hour time price charts. This is largely a technical breakout, although it is also supported by a shift in sentiment towards growth assets and away from the USD in the last week.   Technical Analysis       The daily cart show...

October 26, 2022
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Pound gearing up for a reversal?

The UK has had to deal with recessionary fears, sky high energy prices, a cost-of-living crisis, and a breakdown in political leadership. This has caused the GBP to fall to lows not seen since the last century. The British economy has also had to deal with a potential liquidity crisis caused by some of the large UK retirement funds almost bringi...

October 25, 2022
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USDCHF pair retraces as price level indicates a potential entry opportunity

The USD had a pullback in recent days as equities have rebounded allowing for other strong currencies such as the CHF to see   From a technical perspective the chart shows some interesting price action that may indicates an important inflection point for the price. On the weekly chart, the price has been in a long-term range between 0.87...

October 19, 2022
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AUD bounces strongly in line with US equity’s jump

The US indices pumped higher as holders of shorts had to close their positions which resulted in one of the strongest sessions in recent months. The US dollar finally dropped back down, and it gave the AUD some much needed relief and is showing some potential of a short-term reversal. The question remains, whether this bounce will hold, or whether ...

October 14, 2022
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Aussie Dollar breaks through two year price lows

The Aussie dollar has been dropping on the back of global volatility and a lower-than-expected interest rate hike. The AUD has dropped to its two-year lows, and it doesn’t look there is an end in sight. With the AUD already being a risk on currency the fears and pressures from a potential recession are weighing heavily and accelerating the drop. ...

October 11, 2022
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Gold Price rises to monthly High, but will it last?

Gold has finally seen some respite in its price after it fell to 12-month lows. With slowing growth forecasts being a key reason as to the drop in price. Recessionary fears can sometimes be good for the price as volatility draws money to gold as it is seen as a haven. However, with the USD being so strong and investors pulling their money away from...

October 7, 2022
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