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Forex
USD/PKR: Pakistani rupee surge could be short lived
September 28, 2023 07:00 PM AEST| By InvezzThe Pakistani ruppee is firing on all cylinders even as the US dollar index (DXY) rally gains steam. The USD/PKR pair plunged to a low 287.72, the lowest level since August 16th. It has plunged by more than 6% from the highest level this month. PKR g...
Argentina peso (ARS) could become the next Zimbabwe dollar
September 28, 2023 10:07 AM AEST| By InvezzThe Zimbabwe dollar is often seen as the poster child of bad macro and fiscal economic collapse. At its lowest moment, a 100 trillion Zimbabwe note was actually worthless. Today, these trillion-dollar notes are being sold in platforms like Amazon. Th...
Should you sell the Romanian leu as economic growth slows?
September 27, 2023 01:08 AM AEST| By InvezzRomania is a member of the European Union with robust economic growth in 2022 (+4.8%), bigger than most prominent EU members. It was driven higher by a pick-up in investment and strong consumption. But the moment has faded in the meantime. Higher inf...
CAD/JPY buy signal: riding the trend continuation
September 26, 2023 10:48 PM AEST| By InvezzCAD/JPY chart and technical analysis CAD/JPY is in a bullish trend and the price is making a pull-back after retesting a major daily resistance supply area of 110.500. The price will possibly retrace back to the 109.965 support level before going for...
Rising yields put pressure on stocks, dollar stretches higher
September 26, 2023 05:15 PM AEST| By InvezzIf there is one dominant theme in financial markets these days, it is the plunging price of bonds. Bonds and yield prices are inversely correlated, so yields are surging. Investors become anxious and avoid risky assets whenever yields pass a certain...
USD/CNY analysis as the US dollar index (DXY) surge continues
September 26, 2023 10:03 AM AEST| By InvezzThe USD/CNY exchange rate continued rising on Tuesday as concerns of the hawkish Federal Reserve remained. The renminbi was trading at 7.3065 against the US dollar, a few points below the year-to-date high of 7.350. It has jumped by more than 9.25% f...
Dollar bulls in control: DXY poised to reach 108.00 soon
September 26, 2023 01:21 AM AEST| By InvezzDollar index chart and technical analysis The dollar index is making a strong bullish recovery and is breaking above all major resistance and supply levels. Price recently broke above the major resistance level of 105.794 and will most likely reach t...
US dollar index (DXY) golden cross points to more Upside
September 22, 2023 04:11 AM AEST| By InvezzThe US dollar index (DXY) price rally continued this month as investors reacted to interest rate decisions by several central banks. The index rose to a multi-month high of $105.72, ~6.28% above the lowest level this year. Hawkish Federal Reserve The...
USD/IDR: Rupiah on edge as Fed and Bank of Indonesia diverge
September 22, 2023 12:36 AM AEST| By InvezzThe USD/IDR exchange rate remained in a tight range as the Federal Reserve and Indonesia’s central bank diverged. The pair remained at 15,400, the highest level since March this year. It has soared by more than 5.10% from the lowest level this...
GBP/CAD buy opportunity emerges amidst exhausting bearish trend
September 21, 2023 10:04 PM AEST| By InvezzGBP/CAD chart and technical analysis The strong bearish trend seems to be exhausting as the price is reaching a major daily support level of 1.65403. Candles on smaller time frames are showing rejection as they approach the support level. This could...
Bitcoin may decouple from stocks one day, but it hasn’t happened yet
September 21, 2023 09:04 PM AEST| By Invezz“Can Bitcoin ever become an uncorrelated hedge asset, like some kind of digital version of gold?” There is perhaps no question I see more often from clients and investors alike. And personally, I would argue it is among the most fascinating in all of...
USD/TRY: Turkish lira sleeps and waits for the Fed, CBRT decisions
September 20, 2023 08:43 PM AEST| By InvezzThe USD/TRY exchange rate was in a consolidation phase as traders waited for the upcoming Fed and CBRT interest rates decision. The pair was trading at 27, a few points below its all-time high. It has jumped by more than 46% from the lowest level thi...
GBP/USD forecast: signal ahead of the Fed and BoE decisions
September 20, 2023 12:05 PM AEST| By InvezzThe GBP/USD is on track for the third week of losses as investors reacted to the latest UK consumer price index (CPI) data. The pair plunged to a low of 1.2341, the lowest level since May 22nd. It has plunged by almost 6% from the highest point this...
USD/ZAR forms rising wedge ahead of Fed and SARB decisions
September 19, 2023 11:04 PM AEST| By InvezzThe USD/ZAR exchange rate was in a tight range on Tuesday as investors refocused on the upcoming South Africa inflation data. It will also react to the upcoming interest rate decision by the Federal Reserve and South Africa’s central bank. The USD to...
EUR/GBP buy signal: profiting from a weakened Pound trend
September 19, 2023 10:25 PM AEST| By InvezzEUR/GBP chart and technical analysis EURGBP is recovering from a long-term bearish trend and the price is making new higher highs. The trend has turned bullish after the price made 3 consecutive higher highs. Recently price closed above the previous...
USD/CHF forecast: signal ahead of the Fed and SNB rate decisions
September 19, 2023 10:19 PM AEST| By InvezzThe USD/CHF exchange rate has been in a strong bullish trend in the past few weeks. It was trading at 0.8955, the highest level since July 6th. It has jumped by more than 4.8% from the lowest level this year. SNB and Federal Reserve decision The USD/...
What would make a dovish Fed?
September 19, 2023 07:18 PM AEST| By InvezzThe main event of the week for financial markets is the Federal Reserve of the United States (Fed) ‘s monetary policy decision. Scheduled tomorrow in the second half of the North American trading session, the FOMC Statement and the press confer...
Citigroup launches digital token service for institutional clients
September 19, 2023 04:23 AM AEST| By InvezzCitigroup has launched a new token service in what is the bank’s latest venture in the digital assets space. Citi Token Services is a blockchain and smart contracts powered cash management and trade finance service for institutional clients. Accordin...
EUR/USD: Contrarian technical traders bet on a double combination ahead of the Fed’s decision
September 19, 2023 02:17 AM AEST| By InvezzAn important week for the currency market has started today. On Wednesday, the Federal Reserve of the United States (Fed) will release its monetary policy decision, and the market participants are eager to find out what the Fed will do and say. But t...
Here’s why conservatives are opposing a digital dollar CBDC
September 18, 2023 10:57 PM AEST| By InvezzCentral banks from around the world have been working to create digital versions of their currencies. In China, the People’s Republic of China (PBoC) started testing its digital yuan in 2021. Other central banks like the European Central Bank (...
