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Forex
AUD/USD, AUD/NZD analysis: signals ahead of the RBA decision
September 04, 2023 08:34 PM AEST| By InvezzThe AUD/USD and AUD/NZD exchange rates will be in the spotlight this week as Dr. Philip Lowe delivers his final interest rate decision. The two pair’s were in a tight range, with the AUD/NZD trading at 1.0877 and the AUD/USD at 0.6462. RBA interest r...
USD/RUB: The Russian ruble meltdown is not over yet
September 04, 2023 07:29 PM AEST| By InvezzThe USD/RUB exchange rate resumed the bullish trend as the Russian ruble sell-off regained steam. The pair rose to a high of 96.38, a few points above last month’s low of 91.4. Crude oil prices are rising The Russian ruble has been in a strong...
USD/TRY analysis: lira outlook as Turkish inflation soars
September 04, 2023 05:00 PM AEST| By InvezzThe USD/TRY exchange rate resumed the bullish trend as concerns about Turkish inflation continued. The pair jumped to 27 on Monday, a few points below the year-to-date high of 27.32. Turkish inflation jumped in August Consumer and producer inflation...
USD/CAD forecast: signal after the US NFP, Canada GDP data
September 02, 2023 01:27 AM AEST| By InvezzThe USD/CAD exchange rate drifted upwards on Friday as investors reacted to the mixed economic numbers from the United States and Canada. The pair jumped to a high of 1.3592, the highest level since Tuesday. This price was much higher than the intraw...
USD/CHF: Franc steady as Swiss inflation rises, US NFP data next
September 01, 2023 12:10 PM AEST| By InvezzThe USD/CHF held quite well on Friday after the latest Swiss inflation data and strong UBS earnings. It was trading at 0.8835, a few points above this week’s low of 0.8746. Swiss and US inflation data The USD/CHF exchange rate has drifted...
USD/IDR: Bullish outlook as Indonesia inflation slips again
September 01, 2023 10:18 AM AEST| By InvezzThe USD/IDR exchange rate remained in a consolidation phase on Friday as investors reacted to the latest Indonesian inflation and PMI data. The pair was trading at 15,249, a few points below August’s high of 15,359. Indonesia inflation fa...
Pepperstone rolls out spread betting on TradingView
September 01, 2023 02:36 AM AEST| By Invezz, a leading forex broker and CFD trading platform, has rolled out spread betting on the social charting platform TradingView. The tax-free spread betting product will be available across multiple offerings, including forex, shares, indices, and commo...
Should you buy AUD/USD ahead of the US inflation data?
August 31, 2023 06:54 PM AEST| By InvezzThe US dollar turned bearish in October last year. Stocks surged from their lows as the dollar weakened. This year, so far, the dollar reversed the trend once again. It is pushing higher against all its peers, such as the Australian dollar (AUD), the...
USD/KRW: South Korean won wavers after weak retail sales data
August 31, 2023 10:05 AM AEST| By InvezzThe USD/KRW exchange rate moved sideways on Thursday a investors reflected on the relatively weak economic numbers from the United States and South Korea. The pair was trading at 1,320, where it has been at in the past few days. This price is a few p...
Powell’s speech at Jackson Hole highlights the importance of future jobs data
August 26, 2023 07:54 PM AEST| By InvezzThe week’s main event for financial markets was Jerome Powell’s speech at the Jackson Hole Symposium. The Fed‘s Chair had a calibrated speech, one in line with what the Fed communicated in the past. As such, despite market volatilit...
DXY index: US dollar forecast ahead of FOMC minutes
August 16, 2023 02:00 PM AEST| By InvezzThe US dollar index (DXY) rally continued this week ahead of the upcoming FOMC minutes. It jumped to a high of $103.27 on Wednesday, the highest level since July 6th. It has soared by more than 3.51% from the lowest level this year. FOMC minutes ahea...
USD/CNY rate spikes ahead of crucial China economic data dump
August 14, 2023 02:30 PM AEST| By InvezzThe USD/CNY exchange rate rally continued on Monday as investors waited for the next data dump from China. The pair jumped to a high of 7.2537, the highest level since June 30th. This price is near its highest level since November last year, meaning...
USD/RUB forecast as the Russian ruble crash gains steam
August 14, 2023 01:15 PM AEST| By InvezzThe pain keeps continuing for the Russian ruble. The USD/RUB exchange rate surged to a high of 99.54, as I had predicted here. It now sits at the lowest level in over 16 months, making it one of the worst-performing currencies this year. Russia’...
NZD/USD forecast ahead of the RBNZ meeting, FOMC minutes
August 14, 2023 01:15 AM AEST| By InvezzThe NZD/USD has dropped in the past four straight days as investors focus on the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision and FOMC minutes. It dropped to a low of 0.5980, the lowest level since November 2022. RBNZ rate hike...
GBP/USD forecast: signal for week of 13th – 18th August
August 14, 2023 12:43 AM AEST| By InvezzThe GBP/USD exchange rate moved sideways on Friday after the UK published encouraging economic numbers. The pair was trading at 1.2693 on Friday, a few points above last week’s low of 1.2690. UK inflation data ahead The GBP/USD pair had several...
As US disinflationary process continues, what will the Fed do next?
August 11, 2023 08:24 PM AEST| By InvezzThis week’s main economic report for financial markets was the US inflation data. Released yesterday, it showed that the disinflationary process continues in the United States. Economists predicted that the yearly inflation would rise to 3.3%,...
Is the USD/MXN a buy after the Bank of Mexico rate decision?
August 11, 2023 04:39 PM AEST| By InvezzThe Mexican peso lost its momentum after the Bank of Mexico’s interest rate decision. The USD/MXN exchange rate was trading at 17.11 on Friday, higher than the year-to-date low of 16.61. Mexico central bank decision The USD/MXN pair reacted mil...
USD/NOK forms a bearish flag as Norwegian inflation slips
August 11, 2023 01:05 PM AEST| By InvezzThe USD/NOK price drifted upwards this week as the price of crude oil rose and after the latest US and Norwegian inflation data. It rose to a high of 10.31, the highest level since July 12th. The pair has jumped by more than 3.85% from the lowest lev...
USD/CHF recovery faces headwinds ahead of US inflation data
August 08, 2023 02:38 AM AEST| By InvezzThe USD/CHF exchange rate drifted sideways on Monday as investors reflected on last Friday’s non-farm payrolls (NFP) data. The pair was trading at 0.8753 on Monday, a few points above last month’s low of 0.8554. US inflation data ahead Th...
USD/PKR: Pakistani rupee is at risk as political tensions rise
August 07, 2023 03:21 PM AEST| By InvezzThe Pakistani rupee moved sideways on Monday morning as the country’s political crisis continued. The USD/PKR exchange rate was trading at 285.30 on Monday, a few points below its all-time high of 296. Pakistan political crisis Pakistan has bee...
