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Forex
Ethiopian currency birr (USD/ETB) has tanked and it is not alone
December 12, 2023 02:46 AM AEDT| By InvezzThe Ethiopian currency has plunged to a record low against the US dollar and other currencies as woes in the country continued. The USD to ETB exchange rate surged to a high of 55.67 on Monday, much more than the YTD low of 53. The pair has jumped by...
Forex pair of the week: EUR/CHF ahead of ECB, SNB decision
December 11, 2023 11:01 AM AEDT| By InvezzThe euro to Swiss franc (EUR/CHF) will be in the spotlight this week as it hovers near its lowest level since 2015. The pair has been in a freefall this year as it slipped by more than 6.50% from its highest point this year. ECB, SNB decisions ahead...
US dollar index (DXY) forecast ahead of CPI data, FOMC decision
December 09, 2023 03:25 AM AEDT| By InvezzThe US dollar index (DXY) price reacted mildly to the latest US non-farm payrolls (NFP) and inflation expectations data. The index, which is the most popular measure of the dollar strength, was trading at $103.88, lower than the year-to-date high of...
United States edges closer to anti-crypto law as banks and senators side against cryptocurrencies
December 08, 2023 11:01 PM AEDT| By InvezzOn December 6th, the United States Congress held its 2023 ‘Annual Oversight of Wall Street Firms’ hearing in Washington D.C. At it, senators heard from the biggest names in American banking: JPMorgan CEO Jamie Dimon, Citigroup CEO Jane Fraser, Bank o...
Pound to rupee (GBP/INR) analysis as UK inflation expectations slips
December 08, 2023 08:05 PM AEDT| By InvezzThe GBP/INR exchange rate was flat on Friday after the latest RBI interest rate decision and after encouraging UK inflation expectations numbers. The pair was trading at 104.67, a few points below this week’s high of 106.05. UK inflation expectations...
USD/INR forecast: trade setup ahead of US NFP data
December 08, 2023 05:04 PM AEDT| By InvezzThe USD/INR exchange rate moved sideways on Friday after the latest Reserve Bank of India (RBI) interest rate decision. It also wavered ahead of the coming US Non-Farm Payrolls (NFP) data. The pair was trading at 83.40, where it has been stuck at in...
GDP slows in Europe as the EUR/USD slides in sympathy
December 08, 2023 01:14 AM AEDT| By InvezzThe European Union has released quarterly GDP figures for Q3 of 2023. The region experienced a marginal slowdown in this past quarter, but did manage to avoid an outright contraction as some were expecting. In the third quarter of 2023, seasonally ad...
What’s going on with the USD to Mexican peso (USD/MXN)?
December 07, 2023 11:28 PM AEDT| By InvezzThe USD/MXN exchange rate moved sideways on Thursday after the latest Mexico inflation data. The pair retreated to a low of 17.32, where it has been in the past few days. This price is about 6.34% below the highest point in November. It has dropped b...
GBP/NZD price action: bearish H&S formation hints at extended bear market
December 06, 2023 09:29 PM AEDT| By InvezzGBP/NZD chart and technical analysis GBPNZD has been in a bearish trend for the last couple of months. The price is making lower lows and will possibly drop further as the market structure is still bearish. The formation of a bearish head and shoulde...
Nigeria naira news: No end in sight for NGN currency crash
December 06, 2023 03:00 PM AEDT| By InvezzThe Nigerian naira has been one of the worst-performing emerging market currencies in 2023 as concerns about the economy continued. The USD/NGN pair, which tracks the official rate, was trading at 952 on Wednesday, higher than its January low of 445....
USD/CAD analysis and Bank of Canada (BoC) decision preview
December 06, 2023 03:04 AM AEDT| By InvezzThe USD/CAD exchange rate rose for the second straight day as traders reflected on the strong US PMI numbers and the upcoming Bank of Canada (BoC) decision. The pair rose to a high of 1.3600, a few points above this week’s low of 1.3480. US PMIs and...
USD/BRL forecast as Brazil Foreign Direct Investments (FDI) sinks
December 05, 2023 12:50 AM AEDT| By InvezzThe USD/BRL exchange rate remained in a consolidation phase on Monday as investors embraced a risk-on sentiment. The pair was trading at 4.900, where it has been stuck at in the past few days. It has dropped by more than 6.16% from its highest point...
What’s going on with USD to lira (USD/TRY) as Turkish CPI rises?
December 04, 2023 05:05 PM AEDT| By InvezzThe USD to Turkish lira exchange rate held steady on Monday even after the latest Turkish inflation figures missed analysts’ estimates. The USD/TRY pair was trading at 28.93, a few points below the all-time high of 29.2. It has surged by almost...
Silver eyes retesting the $26.12 6-month high
December 03, 2023 08:29 PM AEDT| By InvezzXAG/USD chart and technical analysis Silver made significant gains and recovered 9.7% in the last two weeks. The price closed above the $25.0 and $25.27 resistance areas and will possibly reach the $26.12 6-month high in the coming days. I am expecti...
The global AI market size expected to reach $298 billion by 2024, a 109.56% surge from 2022
December 01, 2023 10:41 PM AEDT| By InvezzThe surge in the AI market is attributed to the escalating demand for cutting-edge solutions that harness the power of machine learning, natural language processing, and other advanced AI technologies. As businesses increasingly recognize and make us...
USD/CNY forecast: Renminbi supercharged as the DXY index slips
December 01, 2023 01:02 PM AEDT| By InvezzThe Chinese yuan had a strong performance in November as the US dollar index (DXY) slipped. The USD/CNY exchange rate dropped to a low of 7.1176, the lowest level since June 16th. It has crashed by over 2.86% from the highest point this year. DXY ret...
USD/CAD forecast: signal after the US PCE, Canada GDP data
December 01, 2023 02:49 AM AEDT| By InvezzThe USD/CAD exchange rate retreated on Thursday after the latest US PCE and Canada GDP data. The pair retreated to a low of 1.3560, the lowest point since September 29th. It has crashed by over 2.45% from the highest point in November. The USD to CAD...
Black Friday blues: Unclear consumer spending picture in 2023
December 01, 2023 01:25 AM AEDT| By InvezzBlack Friday and Cyber Monday were once American eccentricities like Thanksgiving but have long since become global phenomena. And in that time, analysts the world over have pored over the sales figures of each for clues as to what lies ahead for the...
Gold’s double-top pattern signals a potential drop ahead
November 30, 2023 10:16 PM AEDT| By InvezzXAU/USD chart and technical analysis Gold made a significant rally gained $42 and reached a major daily resistance area of $2,055 in two days. However, the price is facing rejection from the resistance area and despite multiple attempts price was una...
USD/CHF forecast: signal as the US dollar index (DXY) retreats
November 30, 2023 07:00 PM AEDT| By InvezzThe USD/CHF exchange rate has come under pressure in the past few weeks as the US dollar index (DXY) plunged. The pair retreated to a low of 0.8745, down from October’s high of 0.9246. In all, it has crashed by almost 14% from the highest point this...
