AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Forex
NZD/CAD sell alert: New Zealand Dollar weakens against Canadian Dollar
September 18, 2023 09:43 PM AEST| By InvezzNZD/CAD chart and technical analysis NZD/CAD has been bearish since last December 2022. Price is making lower lows and is not showing any signs of reversal and will possibly continue its bearish trend in the coming weeks and months. Price recently dr...
USD/JPY forecast: rising wedge forms ahead of Fed, BoJ decisions
September 16, 2023 10:11 PM AEST| By InvezzThe USD/JPY exchange rate continued its uptrend ahead of the upcoming Bank of Japan (BoJ) and Federal Reserve interest rate decision. The pair rose to a high of 147.67, the highest level since November last year. BoJ and Fed decisions The USD/JPY exc...
Move on Zimbabwe dollar: these currencies are moving to the abyss too
September 15, 2023 11:08 PM AEST| By InvezzThe Zimbabwe dollar is well-known as the currency that collapsed a few years ago. Images of the worthless 10 trillion Zimbabwe dollar have become iconic over the years. Now, as the US dollar index (DXY) and crude oil prices rebound, other currencies...
EUR/USD forecast: bearish signal as a death cross nears
September 14, 2023 11:44 PM AEST| By InvezzThe EUR/USD exchange rate plunged to the lowest level since June 8th after the latest ECB decision and strong US retail sales numbers. It dropped to a low of 1.0676 as the US dollar index (DXY) jumped back above $105. ECB decision, US retail sales nu...
EUR/GBP sits and waits for the ECB’s hawkish pause
September 14, 2023 10:05 AM AEST| By InvezzThe EUR/GBP exchange rate remained in a tight range as investors reflected on the relatively weak UK GDP numbers and repositioned for the upcoming interest rate decision by the European Central Bank (ECB). The pair was trading at 0.8600, where it has...
GBP/CAD trade idea: riding the bullish momentum
September 14, 2023 12:56 AM AEST| By InvezzGBP/CAD chart and technical analysis GBPCAD has been dropping for the last couple of weeks and the price is reaching a major daily support level at 1.68606. Price will possibly retest the 1.68606 support level before heading for another major upward...
Breaking: US inflation (CPI) spikes, putting pressure on the Fed
September 13, 2023 10:37 PM AEST| By InvezzUS inflation remained steady in August as energy prices jumped, putting pressure on the Federal Reserve to act. Data by the statistics agency showed that the headline consumer price index (CPI) rose for the second straight month. It rose from 0.2% in...
What next for the Turkish lira? U-turn in policy signals new era
September 13, 2023 05:20 PM AEST| By InvezzIn May, we put together a piece on the Turkish lira in the aftermath of Recep Tayyip Erdoğan’s reelection, when the controversial president won 52% of the votes in Turkey’s first ever presidential run-off. The nation’s currency plunged to an al...
GBP/USD forecast: signal as UK GDP slips ahead of US inflation data
September 13, 2023 12:06 PM AEST| By InvezzThe GBP/USD exchange rate plunged on Wednesday after the relatively weak UK GDP data. Sterling is now hovering near its lowest level since June this year. It was trading at 1.2442, which was ~5.30% below the highest level in July. UK GDP contracted i...
EUR/USD potential upward movement, Inverse head & shoulder pattern
September 12, 2023 10:35 PM AEST| By InvezzEUR/USD chart & technical analysis EURUSD is indicating upward trend in making and market structure is turning bullish. Inverse/Bullish head and shoulder pattern is an important reversal pattern which indicates bullish trend ahead. Price has been...
NZD/USD forecast: signal after strong New Zealand economic data
September 12, 2023 12:00 PM AEST| By InvezzThe NZD/USD consolidation continued on Tuesday after the latest New Zealand retail sales numbers. The pair was trading at 0.5908, a few points above this month’s low of 0.5855. It has dropped by more than 9% from the highest level this year. Ne...
Ruble (USD/RUB) outlook ahead of the Bank of Russia rate decision
September 12, 2023 10:05 AM AEST| By InvezzThe USD/RUB exchange rate has retreated in the past three straight days as crude oil prices bounced back. The pair dropped to 93.48 on Tuesday, much lower than the year-to-date high of 102.16. Central Bank of Russia decision The USD to Russian...
Strain on Japanese yen showing in the gold market
September 11, 2023 11:05 PM AEST| By InvezzThe price of gold in Japan is at an all-time high. Tanaka Kikinzoku, one of Japan’s largest gold retailers, said recently that prices were approaching ¥10,000 per gram for the first time ever. Official charts currently have the price closer to the mi...
USD/NOK forms a double-top as Norway inflation slips again
September 11, 2023 10:02 AM AEST| By InvezzThe USD/NOK exchange rate retreated slightly after the latest Norwegian consumer and producer inflation data. The pair retreated to a low of 10.61, the lowest level since September 1 as investors repositioned to the upcoming US inflation data. Norway...
USD/INR forecast: outlook ahead of US and India inflation data
September 11, 2023 04:39 AM AEST| By InvezzThe USD/INR exchange rate retreated slightly ahead of a relatively busy market week in the market. The pair was trading at 83 on Friday, a few points below last week’s high of 83.22. Indian and US economic data The USD to Indian rupee rate retr...
USD/ARS: Here’s why the Argentina peso has moved to the abyss
September 09, 2023 03:51 AM AEST| By InvezzThe Argentinian peso has become worthless, putting South America’s second-biggest economy at a substantial risk. According to TradingView, the USD/ARS exchange rate is trading at an all-time high of 350. The black market rate, which is what mos...
Should you sell the US dollar as the deficit surges again?
September 08, 2023 05:09 PM AEST| By InvezzThe US economy is the largest in the world and keeps growing despite many fearing a recession this year. The latest data shows how resilient it is to the Fed’s tightening cycle. This was supposed to be good news for the US deficit as a strong e...
GBP/JPY rate is at risk despite Japan GDP downgrade
September 08, 2023 12:05 PM AEST| By InvezzThe pound to Japanese yen (GBP/JPY) exchange rate drifted upward on Friday after the latest Japan GDP numbers. The pair rose to a high of 184.11, a day after it retreated to a low of 183.04. Japan GDP data There have been several important catalysts...
US dollar index (DXY) forms golden cross, inverted H&S patterns
September 07, 2023 12:05 PM AEST| By InvezzThe US dollar index (DXY) continued surging this week as demand for the greenback remained at an elevated level. It jumped to a high of $104.77, the highest level in more than five months. It has soared by more than 4% from its lowest level this year...
USD/CNH: The plot thickens for the Chinese yuan
September 07, 2023 10:01 AM AEST| By InvezzThe USD/CNH exchange rate rally continued after another set of weak economic data from China. It rose to a high of 7.3323, a few points below the all-time high of 7.3483. In all, the renminbi has plunged by more than 16% from the highest point in 202...
