AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Forex
USD/CNY: Renminbi bottoms ahead of Biden and Jinping meeting
November 15, 2023 01:00 PM AEDT| By InvezzThe USD/CNY exchange rate continued its downtrend on Wednesday after the latest US inflation and China economic numbers. The pair crashed to a low of 7.2365, the lowest point since August 14th. It has dropped by over 1.55% from the highest point in 2...
USD/RUB, GBP/RUB: Here’s why the Russian ruble is finally back
November 15, 2023 11:01 AM AEDT| By InvezzThe Russian ruble is back. After soaring to the year-to-date high of 102.01, the USD/RUB exchange rate has dropped to 90.37 while the GBP/RUB has fallen from 129.21 to 112.7. Similarly, the EUR/RUB exchange rate has retreated from 111.36 to 98.18....
Here’s why the US dollar index (DXY), VIX slipped after CPI data
November 15, 2023 12:54 AM AEDT| By InvezzThe US dollar index (DXY) retreated to the lowest level since November 9 after the latest US Consumer Price Index (CPI) data. It retreated to a low of $104.93, much lower than last week’s high of $106 and last month’s high of $107.35. The DXY r...
Technical outlook: Bitcoin’s journey towards $40k resistance level
November 12, 2023 10:03 PM AEDT| By InvezzBTC/USD chart and technical analysis Bitcoin has made a remarkable recovery in the last couple of months. It rose from $25k to $38k in less than two months. The price will possibly continue its rally in the coming days and weeks until it reaches the...
GBP/JPY potential short trade opportunity
November 08, 2023 10:09 PM AEDT| By InvezzGBP/JPY chart and technical analysis GBP/JPY recently retested the 185.928 major resistance level and the price was pushed downside from that level. I am expecting the price will drop further and will retest the 181.037 support level before breaking...
USD/JPY forecast: signal as a double-top pattern forms
November 08, 2023 12:49 AM AEDT| By InvezzThe USD/JPY exchange rate sits at an important resistance level as investors assess the next actions by the Federal Reserve and the Bank of Japan (BoJ). The pair was trading at 150.50 on Tuesday, a few points below the year-to-date high of 151.96. It...
Bearish reversal alert: Gold’s head and shoulder pattern indicates a sharp decline ahead”
November 07, 2023 08:14 PM AEDT| By InvezzXAU/USD chart and technical analysis The price of Gold has been in a steep bullish trend since last month and gained almost 11% since then. However, the appearance of the bearish head and shoulder pattern indicates a sharp decline ahead. The head and...
USD/RUB: ruble stages a comeback as Russia economy booms
November 06, 2023 03:02 PM AEDT| By InvezzThe USD/RUB exchange rate is nearing a key psychological level as the Russian ruble comeback continues and the US dollar index (DXY) recoils. The pair dropped to a low of 92.50 on Monday and is hovering near the lowest level since August 17th of this...
GBP/USD forex: signal after the BoE and Fed decisions
November 03, 2023 09:00 PM AEDT| By InvezzThe GBP/USD exchange rate moved sideways this week as traders reflected on the latest actions by the Federal Reserve and Bank of England (BoE). The pair remained stuck at 1.2212, where it has been in the past few days. This price is about 7% below th...
USD/DKK: Danish krona faces risks as Novo Nordisk sales soars
November 02, 2023 08:30 PM AEDT| By InvezzThe Danish krona has moved sideways in the past few weeks as investors watch the actions of the country’s central bank. The EUR/DKK and USD/DKK pairs are also reacting to the strong performance of Novo Nordisk, the biggest company in the world. Accor...
USD/DKK: Danish krone faces risks as Novo Nordisk sales soars
November 02, 2023 08:30 PM AEDT| By InvezzThe Danish krone has moved sideways in the past few weeks as investors watch the actions of the country’s central bank. The EUR/DKK and USD/DKK pairs are also reacting to the strong performance of Novo Nordisk, the biggest company in the world. Accor...
AUD/CAD buy signal: riding the emerging bullish trend
November 02, 2023 05:13 PM AEDT| By InvezzAUD/CAD chart and technical analysis AUD/CAD has been in a bearish trend for almost a year. However, the market structure has turned bullish after the price made continuous higher highs. The price broke above all major resistance levels and gained al...
GBP/INR: Pound to rupee outlook ahead of the BoE rate decision
November 02, 2023 03:04 PM AEDT| By InvezzThe pound to Indian rupee (GBP/INR) exchange rate has moved sideways in the past few days as investors wait for the upcoming Bank of England (BoE) interest rate decision. The pair was trading at 101.40 on Thursday, where it has been since the final w...
USD/PKR: Pakistani rupee slides ahead of a crucial IMF meeting
November 01, 2023 07:00 PM AEDT| By InvezzThe recent Pakistani rupee surge has hit a major barrier recently. The USD/PKR exchange rate rebounded from last month’s low of 275.80 to a high of 282. 11. It remains 8.25% below the highest point this year. Pakistan inflation eases The Pakistani ru...
GBP/JPY spiked after the BoJ decision: What next ahead of the BoE?
November 01, 2023 02:16 AM AEDT| By InvezzThe GBP/JPY exchange rate bounced back on Tuesday as investors assessed the latest Bank of Japan (BoJ) interest rate decision. The pair rose to a high of 183.58, higher than this week’s low of 180.80. Similarly, the USD/JPY pair jumped to over 150, a...
USD/RUB: ruble outlook as Russia imposes fresh forex controls
October 31, 2023 10:47 PM AEDT| By InvezzThe USD/RUB exchange rate continued slipping this week as the Russian ruble staged a strong comeback. The pair slipped to a low of 91.86 on Tuesday, much lower than the year-to-date high of 102.15. Russian ruble rebounds The Russian ruble has made a...
KRW/USD price forecast as the NPF buys more foreign bonds
October 30, 2023 09:58 PM AEDT| By InvezzThe end of last week brought some interesting news from South Korea with the potential to heavily impact the local currency – the South Korean won (KRW). More precisely, the National Pension Fund (NPF) announced that it will increase its allocation t...
USD/ILS forecast as the Israeli shekel crumbles to a decade low
October 26, 2023 09:45 PM AEDT| By InvezzThe Israeli shekel crash continued plummeting as the war against Hamas continued. The USD/ILS exchange rate surged to a high of 4.07, the highest level since June 2009. It has surged by more than 34% from the lowest level in 2022. Israel prepares a g...
Panic mode in Japan as the USD/JPY surges as Nikkei 225, Topix slip
October 26, 2023 03:06 PM AEDT| By InvezzInvestors and policymakers in Japan are getting wary as the Nikkei 225, Topix, and the Japanese yen slip. The USD/JPY exchange rate jumped to 150.75 on Thursday, the highest level since October last year. Similarly, the GBP/JPY was trading at 182.50...
USD/TRY forecast: Signal ahead of the CBRT rate decision
October 26, 2023 03:02 PM AEDT| By InvezzThe Turkish lira continued its remarkable collapse as concerns about the country’s inflation remained. The USD/TRY exchange rate sits at a record high of 28.14, much higher than where it started the year at 18.48. It has jumped by more than 173% from...
