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Forex
USD/KRW retreats after South Korea inflation data: more upside?
October 05, 2023 11:01 AM AEDT| By InvezzThe USD/KRW exchange rate retreated slightly on Thursday as investors reacted to the latest South Korean consumer price index (CPI) data. The pair retreated from this week’s high of 1,362 to a low of 1,350. South Korea inflation data The USD/KRW pair...
GBP/INR forecast: Indian rupee upside to continue?
October 05, 2023 02:00 AM AEDT| By InvezzThe pound to INR (GBP/INR) pair continued its recent sell-off as the UK and Indian economies diverged. The pair slipped to a low of 100.32, the lowest level since March 28th. It has slipped by more than 6.40% from the highest point this year. UK and...
USD/CHF is up for 12 straight weeks: how high can it go?
October 05, 2023 12:55 AM AEDT| By InvezzThe USD/CHF exchange rate has risen in the past 12 straight weeks as the US dollar index (DXY) continued soaring. The pair jumped to a high of 0.9240, the highest point since March 20th. It has jumped by more than 7% from the lowest level this year....
Euro’s decline against Yen: identifying a sell signal in EUR/JPY
October 04, 2023 11:31 PM AEDT| By InvezzEUR/JPY chart and technical analysis EUR/JPY dropped significantly yesterday and closed below the previous month’s low of 155.550. Technical analysis indicated a further decline in the coming days. The price dropped below the major support leve...
NZD/USD forms a bearish flag ahead of the RBNZ rate decision
October 04, 2023 02:49 AM AEDT| By InvezzThe NZD/USD exchange rate slipped for the second straight day as traders reflected on the rising US bond yields and the upcoming RBNZ decision. The pair retreated to a low of 0.5893, a few points below last week’s high of 0.6055. RBNZ interest rate d...
EURNZD bearish outlook: projecting a downturn with bullish NZD and bearish EUR in the near term
October 03, 2023 11:03 PM AEDT| By InvezzEUR/NZD chart and technical analysis EURNZD is in a bearish trend and the price recently dropped below the last 3 months’ low and closed below that level. Currently, the price is making a bullish correction and will possibly retrace back to the...
USD/INR sits and waits for the RBI interest rate decision
October 03, 2023 02:29 AM AEDT| By InvezzThe USD/INR exchange rate moved sideways on Monday as investors waited for the upcoming Reserve Bank of India (RBI) interest rate decision. The pair was trading at 83.17, where it has been at in the past few days. This price is a few points below the...
EUR/GBP technical analysis: is it time to shine?
September 29, 2023 05:15 PM AEST| By InvezzThe currency market is made of pairs. A pair reflects the value of one currency in terms of another, and the most popular and liquid currency pairs are called majors. One of the currencies in a major pair is the US dollar – the world’s reserve curren...
USD/RUB analysis: This Russian ruble crash is far from over
September 28, 2023 11:13 PM AEST| By InvezzThe USD/RUB exchange rate has moved sideways in the past few weeks. The pair was trading at 97.28 on Thursday, a few points below the year-to-date high of 102.53. Still, the Russian ruble has crashed by more than 90% from the lowest level in 2022. Ru...
AUD/USD sell opportunity amidst the US dollar rally
September 28, 2023 10:14 PM AEST| By InvezzAUD/USD chart and technical analysis AUD/USD has been in bearish trend since February 2021. Price recently dropped below last month’s low of 0.63580 owing to the stronger US dollar. Currently, the price is making retracement and will possibly r...
Should you buy or sell the JPY as it approaches BOJ’s intervention levels?
September 28, 2023 10:13 PM AEST| By InvezzThere has been a crazy price action in the Japanese yen (JPY) currency pairs lately. More precisely, during the summer, the JPY selloff intensified, despite comments from the Bank of Japan (BOJ) that a normalization of the monetary policy is likely....
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...
