Latest Market News
Daily Market Outlook, November 22, 2022 Overnight Asian markets traded with a mixed tone taking the baton from similar action seen on Wall Street, with US indices whipsawing intraday before closing broadly unchanged. Overnight Chinese authorities issued orders for closure of museums and parks across Beijing and increased mass testing across more major cities. The […]
AUDNZD Breaking Lower The reversal lower in AUDNZD from YTD highs has seen the pair shedding around 6%. The recent RBA pivot has been the main driver behind the move. With the RBA cutting back the pace of its tightening program, sentiment has swung in favour of NZD for now, with the RBNZ widely expected […]
Technical & Trade View NZDCAD Trade VieW Bias: Bullish Above Bearish below .8190/60 Technicals Primary support is .8190/60 Primary upside objective .8400 Weekly Trendline Next pattern confirmation, acceptance above .8285 Failure below .8150 opens a test of .8100 20 Day VWAP bullish, 5 Day VWAP bullish Institutional Insights Analysts at Credit Agricole note ‘The RBNZ’s […]
Equities Rally Pauses Amidst Fed Hawkishness It’s been a rather muted start to the week for benchmark global equities indices. On the back of the wave of better risk appetite we saw following the US October CPI report, markets have lost their shine due to a combination of better-than-expected US retail sales, hawkish Fed commentary […]
On Tuesday, the market major hardly moves; the current quote is 1.0250. Yesterday the news background for currencies was still, because main expectations were concentrated on commodities. The macroeconomic calendar is also empty, and the quotes have accounted for any expectations of the actions of the US Fed. Today important statistics will also be scarce. […]
• Brent Crude oil reversed from support level 82.00 • Likely to rise to resistance level 91.00 Brent Crude oil recently reversed up from the strong support level 82.00 (which reversed the pair sharply in September), standing below the lower daily Bollinger Band. The upward reversal from the support level 82.00 started created the daily […]