February 22 2023 🕓 3 min
NZD/USD fails to defend gains despite a hawkish rate hike
It looks like the Kiwi will break below its 200-day average, likely leading to more losses in the short-term perspective.
Tag: forex
February 21 2023 🕓 3 min
Traders shifted to risk aversion boosting US dollar
US dollar is gaining as risk aversion dominates the market on Tuesday. Geopolitical issues escalate and weigh on stocks.
February 21 2023 🕓 3 min
USD/CAD surges as Canadian inflation cools more than expected
Today's combo of US and Canadian dollar sent the USD/CAD pair higher, but bulls have failed to break a key resistance so far.
February 20 2023 🕓 3 min
Dollar treads water, awaits impetus for direction
It looks like a boring Monday as liquidity will be low due to the US holiday.
February 17 2023 🕓 3 min
Fed sentiment dominates the whole week with hiking fears
Fed fears clearly dominated the whole week, with the market tuned in to a longer and possibly higher terminal rate.
February 16 2023 🕓 3 min
The “Fed may hike more” sentiment continues
Fed continues to be the main US market mover, sparking renewed hiking sentiments. The dollar enjoys the ride.
February 16 2023 🕓 2 min
AUD/USD defends gains despite weak domestic jobs data
Traders bought the Australian dollar despite some really weak Australian labor market news.
February 15 2023 🕓 3 min
US dollar gains over fears of Fed hiking, Wall Street reverses losses
Traders continue to choose US dollar as a safe haven currency after new fears of rate hikes emerged from the inflation report.
February 15 2023 🕓 2 min
EUR/GBP snaps seven days of losses, jumps after UK CPI
It looks like the bearish streak could be over and the euro might start appreciating again.
February 14 2023 🕓 3 min
US inflation slows down – but the expectation was not met
Markets react to the fresh CPI data with volatility. Fed hints hikes for longer, even possible higher terminal rate to bring the inflation down to 2%.
February 14 2023 🕓 3 min
GBP/USD ticks higher after UK jobs market, awaits US inflation numbers
Today's UK data supported the Pound; however, the major event of Tuesday will be the US inflation announcement.
February 13 2023 🕓 3 min
Volatility grows as traders await fresh inflation data
Wall street edged higher ahead of inflation data on Monday. Volatility is starting to brew as traders weigh possible hikes.