NZD/USD recovers to 0.6200 as banking crisis developments offer support amid risk appetite shift
on 28 March 2023, in News
NZD/USD rebounds from 0.6181 low as Silicon Valley Bank deal eases banking crisis concerns. Making inflation their top priority, Fed officials. Upcoming US Personal Consumption Expenditure (PCE) data release to influence US Dollar dynamics. The NZD/USD currency pair experienced a slight rebound after reaching the 0.6181 mark, following a significant decline over several days due
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AUD/NZD rebounds firmly from 1.0720 ahead of Australian Retail Sales
on 28 March 2023, in News
AUD/NZD has shown a decent recovery from 1.0720 ahead of the release of the Aussie retail demand data. Australian inflation has remained extremely stubborn led by a shortage of labor and robust demand. RBA policymakers would maintain their intention of pausing the policy-tightening spell from its April meeting if inflation decelerates. The AUD/NZD pair has sensed
Read more
NZD/USD Price Analysis: Builds cushion near lower end of rising channel around 0.6200
on 27 March 2023, in News
NZD/USD is building a cushion near the lower end of the Rising Channel around 0.6200. A responsive buying for the New Zealand Dollar is highly expected as the US Dollar has shown correction. Fewer chances of continuation of ongoing increases by the Fed have heavily impacted US Treasury yields. The NZD/USD pair is displaying a
Read more
AUD/USD: Mildly bid around mid-0.6600s amid cautious optimism, Australia/US inflation in focus
on 27 March 2023, in News
AUD/USD picks up bids to pare weekly losses amid sluggish markets. News of a deal for Silicon Valley Bank joins dovish comments from Fed’s Kashkari to lure Aussie pair buyers. Absence of data/events on Monday allow pair to consolidate previous fall ahead of the key inflation numbers scheduled during the week. AUD/USD grinds near an
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ECB’s de Guindos: We are open-minded with respect to the future
on 27 March 2023, in News
European Central Bank (ECB) Vice President Luis de Guindos said during the weekend that the banking sector is “going through a period of very high uncertainty” that dictates a meeting-by-meeting approach on interest rate policy, per an interview posted on the ECB website. More comments Appropriate not to pre-commit to outcomes of monetary policy
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Silver Price Analysis: XAG/USD slides towards $23.00 on short-term support break
on 27 March 2023, in News
Silver price snaps three-day uptrend on breaking a fortnight-old support line. Nearly overbought RSI adds strength to the pullback moves targeting 61.8% Fibonacci retracement. Convergence of 50-DMA, 50% Fibonacci retracement acts as an important support, XAG/USD bulls need validation from $23.50. Silver price (XAG/USD) prints the first daily loss in four as the bright metal
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USD/CHF approaches 0.9200 as solid US PMI to propel US Dollar appeal
on 27 March 2023, in News
USD/CHF is aiming to reclaim the 0.9200 resistance amid a firm recovery by the USD Index. Expansion of financial support to US lenders and upbeat US PMI strengthened the US Dollar appeal. The SNB is ready to tighten monetary policy further if inflation continues to remain persistent. The USD/CHF pair is aiming to recapture the immediate
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USD/JPY advances toward 131.00 mark as US authorities confidence in financial stability
on 27 March 2023, in News
USDJPY rebounds from 129.50 after US authorities intervene to stabilize the market. Deutsche Bank’s credit default swap surges, sparking investor panic and risk. Fed’s Bullard and Barkin emphasize the need to tackle inflation despite financial stability concerns. The USDJPY experienced a significant rebound from the 129.50 level after US authorities intervened to address market challenges
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Riksbank Governor Thedeen: More rate hikes likely due to stubborn inflation
on 27 March 2023, in News
Riksbank Governor Erik Thedeen said on Sunday, “The Swedish central bank might have underestimated inflationary pressure and will likely have to stick to its forecasts of another interest rate hike in April,” per Reuters. “It could be that the inflation process is worse than we thought,” Riksbank Governor told SVT television. Additional comments The main
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GBP/USD bulls poke 1.2250 with eyes on BoE’s Bailey, Fed’s preferred inflation gauge
on 27 March 2023, in News
GBP/USD picks up bids to refresh intraday high after two-week uptrend. Fears of US recession underpin latest fall of the greenback amid downbeat yields. Hopes of more soothing economic measures for the UK energy companies from PM Sunak help Cable buyers. Speech from BoE Governor Bailey, US Core PCE Price Index eyed. GBP/USD begins the
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USD/CAD Price Analysis: Gauges cushion around 1.3700 as USD Index eyes more gains
on 27 March 2023, in News
USD/CAD is gauging an intermediate cushion near 1.3700 as USD Index looks firm. A recovery in retail demand could force the BoC to resume hiking rates again. The upside bias for the loonie asset is still solid as it is holding auction above the downward-sloping trendline from 1.3862. The USD/CAD pair is looking for an
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RBNZ’s Hawkesby: New Zealand banks resilient against most severe weather events
on 27 March 2023, in News
Reserve Bank of New Zealand (RBNZ) said on Monday that the capital ratios of the country’s banks will remain resilient during most severe weather events though more studies were needed to understand how they could potentially compound with other risks to the financial system, per Reuters. “As flood risk increases, the financial system is likely
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News
NZD/USD recovers to 0.6200 as banking crisis developments offer support amid risk appetite shift
on 28 March 2023, in News
NZD/USD rebounds from 0.6181 low as Silicon Valley Bank deal eases banking crisis concerns. Making inflation their top priority, Fed officials. Upcoming US Personal Consumption Expenditure (PCE) data release to influence US Dollar dynamics. The NZD/USD currency pair experienced a slight rebound after reaching the 0.6181 mark, following a significant decline over several days due
Read more
AUD/NZD rebounds firmly from 1.0720 ahead of Australian Retail Sales
on 28 March 2023, in News
AUD/NZD has shown a decent recovery from 1.0720 ahead of the release of the Aussie retail demand data. Australian inflation has remained extremely stubborn led by a shortage of labor and robust demand. RBA policymakers would maintain their intention of pausing the policy-tightening spell from its April meeting if inflation decelerates. The AUD/NZD pair has sensed
Read more
NZD/USD Price Analysis: Builds cushion near lower end of rising channel around 0.6200
on 27 March 2023, in News
NZD/USD is building a cushion near the lower end of the Rising Channel around 0.6200. A responsive buying for the New Zealand Dollar is highly expected as the US Dollar has shown correction. Fewer chances of continuation of ongoing increases by the Fed have heavily impacted US Treasury yields. The NZD/USD pair is displaying a
Read more
AUD/USD: Mildly bid around mid-0.6600s amid cautious optimism, Australia/US inflation in focus
on 27 March 2023, in News
AUD/USD picks up bids to pare weekly losses amid sluggish markets. News of a deal for Silicon Valley Bank joins dovish comments from Fed’s Kashkari to lure Aussie pair buyers. Absence of data/events on Monday allow pair to consolidate previous fall ahead of the key inflation numbers scheduled during the week. AUD/USD grinds near an
Read more
ECB’s de Guindos: We are open-minded with respect to the future
on 27 March 2023, in News
European Central Bank (ECB) Vice President Luis de Guindos said during the weekend that the banking sector is “going through a period of very high uncertainty” that dictates a meeting-by-meeting approach on interest rate policy, per an interview posted on the ECB website. More comments Appropriate not to pre-commit to outcomes of monetary policy
Read more
Silver Price Analysis: XAG/USD slides towards $23.00 on short-term support break
on 27 March 2023, in News
Silver price snaps three-day uptrend on breaking a fortnight-old support line. Nearly overbought RSI adds strength to the pullback moves targeting 61.8% Fibonacci retracement. Convergence of 50-DMA, 50% Fibonacci retracement acts as an important support, XAG/USD bulls need validation from $23.50. Silver price (XAG/USD) prints the first daily loss in four as the bright metal
Read more
Education
Technical analysis
USD/ZAR intraday: target 18.0000
on 25 March 2023, in Technical Analysis
Our pivot point stands at 18.2380. Our preference: target 18.0000. Alternative scenario: the upside breakout of 18.2380, would call for 18.3250 and 18.3760. Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the
USD/SGD intraday: as long as 1.3292 is support look for 1.3368
on 25 March 2023, in Technical Analysis
Our pivot point is at 1.3292. Our preference: as long as 1.3292 is support look for 1.3368. Alternative scenario: below 1.3292, expect 1.3264 and 1.3248. Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its
NZD/USD intraday: rebound towards 0.6252
on 25 March 2023, in Technical Analysis
0.6172 is our pivot point. Our preference: rebound towards 0.6252. Alternative scenario: below 0.6172, expect 0.6144 and 0.6127. Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at
NZD/JPY intraday: rebound towards 81.71
on 25 March 2023, in Technical Analysis
Our pivot point stands at 80.71. Our preference: rebound towards 81.71. Alternative scenario: the downside breakout of 80.71 would call for 80.37 and 80.16. Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (80.91)
USD/JPY intraday: the upside prevails as long as 130.24 is support
on 25 March 2023, in Technical Analysis
Our pivot point is at 130.24. Our preference: the upside prevails as long as 130.24 is support. Alternative scenario: the downside breakout of 130.24 would call for 129.67 and 129.33. Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the
GBP/NZD intraday: the upside prevails as long as 1.9655 is support
on 25 March 2023, in Technical Analysis
Our pivot point stands at 1.9655. Our preference: the upside prevails as long as 1.9655 is support. Alternative scenario: below 1.9655, expect 1.9580 and 1.9535. Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50
Daily Market Comment
CIX 8867 en DMB 2023-03-27
Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend! Daily Market Brief March 27, 2023 Here are today’s directional
CIX 8855 en DMB 2023-03-24
Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend! Daily Market Brief March 24, 2023 Here are today’s directional
CIX 8855 en DMB 2023-03-24
Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend! Daily Market Brief March 24, 2023 Here are today’s directional
CIX 8843 en DMB 2023-03-23
Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend! Daily Market Brief March 23, 2023 Here are today’s directional
CIX 8843 en DMB 2023-03-23
Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend! Daily Market Brief March 23, 2023 Here are today’s directional
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