AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Forex
The $52 trillion case to buy gold and SPDR Gold Trust ETF(GLD)
July 31, 2023 06:20 PM AEST| By InvezzGold price has moved sideways in the past few days as investors assess the impact of last week’s Federal Reserve decision and the falling US consumer inflation. The precious metal was trading at $1,957 on Monday, ~6% below the highest level thi...
USD/ILS: Shekel analysis as Moody’s warns about Israeli protests
July 26, 2023 06:43 AM AEST| By InvezzThe Israeli shekel weakened this week as violent protests continued in the country. The USD/ILS exchange rate rose from a low of 3.5531 on July 19th to a high of 3.7213 as traders assess the impact of these protests. Moody’s cautions about prot...
Nigerian naira (USD/NGN): currency on edge ahead of another hike
July 25, 2023 03:00 PM AEST| By InvezzThe Nigerian naira remained on edge on Tuesday morning as investors waited for the upcoming interest rate decision by the country’s central bank. The official USD/NGN exchange rate stood at ~800, a few points below the year-to-date high of 820....
USD/KRW analysis after the stronger South Korean GDP data
July 25, 2023 11:00 AM AEST| By InvezzThe USD/KRW exchange rate was flat on Tuesday morning after the relatively encouraging South Korean GDP data. The minor currency cross was trading at 1,280, lower than last week’s high of 1,290. It remains 1.83% above the lowest level this mont...
USD/IDR: Rupiah on edge ahead of Fed and Indonesia rate decisions
July 25, 2023 06:12 AM AEST| By InvezzThe USD/IDR exchange rate moved sideways on Monday as investors waited for the upcoming Federal Reserve and Bank of Indonesia (BOI) interest rate decisions. The pair was trading at 15,021, which was higher than last week’s low of 14,904. Fed an...
GBP/USD forecast: forex signal ahead of the Fed rates decision
July 25, 2023 12:30 AM AEST| By InvezzThe GBP/USD exchange rate retreated for the seventh day straight after another series of weak economic data. The pair slipped to a low of 1.2806 on Monday, the lowest level since July 10th of this year. It has dropped by more than 2.35% from the high...
US dollar index (DXY) forecast ahead of the Fed rates decision
July 24, 2023 03:00 PM AEST| By InvezzThe US dollar index (DXY) price staged a strong comeback last week even after the weak economic numbers from the United States. The index rose from this month’s low of $99.57 to a high of $101.16. Fed interest rate decision The US dollar...
USD/ARS: 2 reasons the Argentine peso plunge could take a breather
July 24, 2023 05:26 AM AEST| By InvezzThe Argentine peso has been in a freefall in the past few years as concerns about the troubled economy continued. The USD/ARS exchange rate surged to a record high of 270, meaning the peso has become almost worthless. Indeed, the black market exchang...
Mike Maloney observes “S-curve rejection” of the US dollar standard
July 20, 2023 07:02 PM AEST| By InvezzFor many years, Mike Maloney, author, and founder of GoldSilver.com, has been a vocal thought leader in the global sound money discussion. In particular, he expects fiat currencies, including the US dollar to be devalued against real money such as go...
USD/TRY: Will Turkey’s Central Bank decision save the lira?
July 20, 2023 01:00 PM AEST| By InvezzThe Turkish lira is sitting near its all-time low ahead of the important interest rate decision by the CBRT. The USD/TRY was trading at 26.91 on Thursday morning, a few points below its record high of 27.38. CBRT decision ahead The Turkish cent...
USD/BRL: Real nears key price as Brazil boosts GDP forecast
July 20, 2023 06:26 AM AEST| By InvezzThe USD/BRL exchange rate drifted downwards on Wednesday after the Brazilian government boosted the economic forecast for the year. The pair dropped to a low of 4.78, a few pips above the lowest level since June last year. It has dropped by more than...
Polish zloty outperforms the dollar as the current account surplus exceeds consensus
July 20, 2023 03:54 AM AEST| By InvezzAbout two months ago, I wrote an article about how the Polish zloty (PLN) is in a bullish trend against the US dollar. The main argument was that the National Bank of Poland raised rates higher than the Fed, and the gap should be a tailwind for the c...
USD/ZAR: South African rand supercharged as the DXY index slips
July 19, 2023 11:30 PM AEST| By InvezzThe USD/ZAR exchange rate slipped to the lowest level since April 5th as the South African rand comeback continued. The pair dropped below 18, ~10% below the highest level this year. Similarly, the EUR/ZAR and GBP/ZAR have also retreated. South Afric...
“It had over-depreciated” – Bank pro sees Zimbabwe dollar stabilising
July 19, 2023 06:51 PM AEST| By InvezzThe Zimbabwe dollar (ZWL) has staged a strong comeback, which has helped it recover some of its previous losses. The USD/ZWL exchange rate dropped to 4,876 this week, down from the year-to-date high of over 10,000. Zimbabwe election ahead The Zimbabw...
NZD/USD forecast as New Zealand inflation beats estimates
July 19, 2023 01:30 PM AEST| By InvezzThe NZD/USD exchange rate retreated to the lowest level since July 12 as investors reacted to the latest New Zealand inflation data. The pair retreated to a low of $0.6262, which was substantially lower than last week’s high of 0.6412. New Zeal...
The JPY is worth 25 percent less than two years ago – what comes next?
July 17, 2023 07:49 PM AEST| By InvezzThe second big story in the FX market in the last couple of years was the Japanese Yen (JPY)’s steady decline. It came because the Bank of Japan was the outlier among major central banks – the only one that did not raise rates after the C...
EUR/USD forecast: Signal as hopes of Fed and ECB divergence rise
July 15, 2023 05:44 PM AEST| By InvezzThe EUR/USD price continued surging this week as the US dollar index (DXY) plunged to the lowest level since last year. The pair has risen in the past seven straight days and moved to the highest level since February 2022. Fed and ECB divergence The...
USD/RUB forecast as Russian Urals crude shoots above $60
July 14, 2023 10:30 PM AEST| By InvezzThe USD/RUB exchange rate has dropped in the past four straight days as the price of Russian urals drifted upward. The pair retreated to 89.75 on Friday, lower than the year-to-date high of 94.36. In all, the pair has soared by more than 74% from the...
USD/MXN: Peso is doing something it hasn’t done in decades
July 14, 2023 08:30 PM AEST| By InvezzThe Mexican peso has continued shining this year as its great comeback continues. The USD/MXN price plunged to the lowest level since 2015, meaning it has plunged by over 30% from its highest level in 2020. Most importantly, the peso has risen in the...
USD/SEK sinks as signs of Fed and Riksbank divergence emerge
July 14, 2023 06:31 PM AEST| By InvezzThe USD/SEK exchange rate has plunged hard this week. It has dropped in the past seven straight days and moved to the lowest level since May 10th. The pair has crashed by more than 7.21% from the highest level in June. Sweden consumer inflation rises...
