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NZD/USD recovers to 0.6200 as banking crisis developments offer support amid risk appetite shift

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

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
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NZD/USD Price Analysis: Builds cushion near lower end of rising channel around 0.6200

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
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AUD/USD: Mildly bid around mid-0.6600s amid cautious optimism, Australia/US inflation in focus

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

  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

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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Technical analysis

USD/ZAR intraday: target 18.0000

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

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

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

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

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

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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