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Forex
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 (...
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...
