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Forex
USD/JPY forecast: signal as the Japan yen forms a rising wedge
October 19, 2023 01:19 AM AEDT| By InvezzThe USD/JPY exchange rate jumped to the highest level since October last year as investors focused on Japan’s bond market. It was trading at the important resistance level at 150, 17.6% above the lowest level this year. Japanese yen crash The Japanes...
Bill Ackman’s Hong Kong dollar (HKD) short is not going well
October 18, 2023 03:05 PM AEDT| By InvezzThe Hong Kong dollar (USD/HKD) has done relatively well this year even as the US dollar index (DXY) jumped to the highest level in months. It has also performed well even as many emerging market currencies like the Chinese yuan, Turkish lira, and Arg...
Bill Ackman’s Hong Kong dollar (USD/HKD) short is not going well
October 18, 2023 03:05 PM AEDT| By InvezzThe Hong Kong dollar (USD/HKD) has done relatively well this year even as the US dollar index (DXY) jumped to the highest level in months. It has also performed well even as many emerging market currencies like the Chinese yuan, Turkish lira, and Arg...
GBP/ZAR: The great South African rand comeback is underway
October 18, 2023 01:01 PM AEDT| By InvezzThe pound to rand (GBP/ZAR) exchange rate deep sell-off continued on Wednesday after the UK published strong consumer inflation data. The pair slipped to a low of 22.78, the lowest point since July 31st. It has plunged by about 7.60% from the highest...
USD/ZAR: South African rand spikes after good news by IMF
October 17, 2023 11:02 AM AEDT| By InvezzThe USD/ZAR exchange rate drifted downwards this week as the US dollar index (DXY) rally eased. The pair retreated to a low of 18.75, much lower than this month’s high of 19.63. It has risen by more than 12% from the lowest level this year. US dollar...
A weaker dollar in a high interest rate environment
October 15, 2023 09:48 PM AEDT| By InvezzThe beauty of financial markets is that they are closed over the weekend. Investors have time to regroup, rethink their strategies, and prepare for Monday’s opening. The weekend is, therefore, a time for reflection. Also, it is a time when many look...
USD/PKR: Pakistani rupee up for 6 weeks but 2 risks remain
October 13, 2023 03:05 PM AEDT| By InvezzThe Pakistani rupee comeback continued this week even as the US dollar index (DXY) sits at the highest level in months. The USD/PKR exchange rate has dropped in the past six straight weeks and is now hovering at the lowest level since July 17th. This...
USD/INR forecast: signal as an ascending triangle forms
October 12, 2023 11:40 PM AEDT| By InvezzThe USD/INR exchange rate continued its deep slumber after the latest US and Indian consumer inflation numbers. The pair was trading at 83.20, where it has been at in the past few months. This price is a few points below the all-time high of 83.41 an...
USD/TRY: Turkish lira collapses as CBRT actions backfire
October 12, 2023 03:45 AM AEDT| By InvezzThe Turkish lira has crashed to the lowest level on record as the country’s economy falters and as the US dollar index (DXY) jumped. The USD/TRY exchange rate has soared to a record high of 28, about 50% above the lowest level this year. It has jumpe...
BTC/USD buy signal: A bullish outlook for Bitcoin
October 12, 2023 03:18 AM AEDT| By InvezzBTC/USD chart and technical analysis BTC/USD is making a correction after the recent rally and will possibly drop and retest the 26,064 support level before continuing the bullish trend. The 26,064 is a major support level and will possibly push the...
EUR/AUD bullish reversal in play: 1:2 rr potential
October 10, 2023 12:48 AM AEDT| By InvezzEUR/AUD trading strategy Buy EUR/AUD Entry price: 1.6560 – 1.6600 area Stop loss: 1.63 Leverage: 3x Take profit 1: 1.69 Take profit 2: 1.7150 Timeframe: 2-3 weeks Risk-reward ratio: 1:2 EUR/AUD chart & technical analysis EUR/AUD is one of the mos...
Should you buy the Japanese yen as foreign investors bet on the local stock market?
October 09, 2023 07:37 PM AEDT| By InvezzThese days, all eyes are on the Japanese yen (JPY), as the USD/JPY reached 150 (again). It climbed from below 130 in March and now trades in a territory where the Bank of Japan had previously intervened. A few days before the Non-Farm Payrolls (NFP)...
USD/RUB: Any end in sight for the Russian ruble crash?
October 09, 2023 03:01 PM AEDT| By InvezzThe USD/RUB exchange rate continued its bullish trend on Monday as the dollar strength momentum accelerated. The pair soared to a high of 101.57, a few points below the year-to-date high of 102.37. Russia’s economy is doing well The Russian rub...
Tel Aviv (TA 35), USD/ILS forecast as the Israel-Hamas war continues
October 09, 2023 11:01 AM AEDT| By InvezzThe Tel Aviv (TA 35) index plunged hard as investors reacted to the ongoing Israel-Hamas war. The index slipped by more than 6.35% on Sunday and landed to a low of ILS 1,690, the lowest level since February 25th. It is hovering at the lowest level si...
Tel Aviv (TA 35), USD/ILS forecast as the Israel-Palestine war continues
October 09, 2023 11:01 AM AEDT| By InvezzThe Tel Aviv (TA 35) index plunged hard as investors reacted to the ongoing Israel-Hamas war. The index slipped by more than 6.35% on Sunday and landed to a low of ILS 1,690, the lowest level since February 25th. It is hovering at the lowest level si...
US dollar index (DXY): temporary pullback, CPI, FOMC minutes ahead
October 07, 2023 09:16 PM AEDT| By InvezzThe US dollar index (DXY) retreated for three straight days as investors focused on the latest American non-farm payrolls (NFP) data. After peaking at $107.31 on Tuesday, the index fell to a low of $105.93. US inflation and FOMC minutes ahead The US...
GBP/USD forecast: signal as three white soldiers forms
October 07, 2023 05:02 AM AEDT| By InvezzThe GBP/USD exchange rate bounced back on Friday after the US published mixed financial results. It has risen in the past three straight days and reached to a high of 1.2245, the highest point since Tuesday. Fed minutes ahead The GBP/USD pair bounced...
EUR/GBP bearish momentum to resume: 1:2 rr potential
October 07, 2023 01:43 AM AEDT| By InvezzEUR/GBP trading strategy EUR/GBP chart & technical analysis EUR/GBP is a cross pair reflecting the differences between the euro area and the UK economies. Also, it reflects the differences between the two majors it represents – EUR/USD and GBP/US...
EUR/USD forecast: forex signal ahead of the NFP data
October 06, 2023 01:00 AM AEDT| By InvezzThe EUR/USD exchange rate has moved sideways in the past few days as investors wait for the upcoming US non-farm payrolls (NFP) data. The pair was trading at 1.0520, a few points above this month’s low of 1.0445. It has slipped by more than 6.8% from...
Gold potential buy entry: leveraging the bullish pullback in a bearish trend
October 05, 2023 08:49 PM AEDT| By InvezzXAU/USD chart and technical analysis The price of gold has been dropping significantly for the last couple of weeks mainly due to the strong bullish rally of the US dollar. The price will possibly further drop and retest February’s low of 1,805...
