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Forex
USD/JPY forecast: Signals for the week of 06 – 11th August
August 07, 2023 04:18 AM AEST| By InvezzThe USD/JPY exchange rate drifted downwards on Friday as investors reacted to the latest US non-farm payrolls (NFP) data. The pair retreated to a low of 142 ahead as traders focused on the upcoming US consumer inflation data. US inflation and Japan h...
USD/CAD forecast: Signal ahead of Canada, US NFP data
August 04, 2023 09:30 PM AEST| By InvezzThe USD/CAD exchange rate continued recovering ahead of the upcoming Canada and US non-farm payrolls (NFP) data. The pair rose to 1.3372, the highest level since July 7th. It has risen by over 2% from its lowest level in July. US and Canada jobs data...
US Dollar Index (DXY) forecast ahead of the July NFP report
August 04, 2023 06:49 PM AEST| By InvezzToday is the first Friday of the month, meaning that the July Non-Farm Payrolls (NFP) report is due. The report shows the change in the number of workers in the US economy and is viewed as an indicator that moves financial markets the most. As such,...
USD/SGD rate rallies as Singapore retail sales falls again
August 04, 2023 05:40 PM AEST| By InvezzThe USD/SGD exchange rate continued rising on Friday after additional data showed that Singapore’s economy was slowing. The pair rose to a high of 1.3426, which was much higher than this week’s low of 1.3164. Singapore retails slipped Aft...
USD/INR forecast: Indian rupee sell-off faces one final hurdle
August 04, 2023 03:21 PM AEST| By InvezzThe USD/INR exchange rate is sitting at an important resistance level. The pair was trading at 82.74 on Friday, a few points below the crucial resistance level at 83, where it has failed to move above in the past few months. US dollar index strength...
USD/PHP: Peso retreat s as Philippine’s inflation dips again
August 04, 2023 12:00 PM AEST| By InvezzThe USD/PHP exchange rate drifted upwards after the latest Philippine consumer price index (CPI) data. The pair has risen in the past three straight days and is hovering at the highest level since June 23rd. It has soared by more than 2.5% from its l...
USD/BRL analysis as Brazil central bank slashes interest rates
August 03, 2023 11:00 AM AEST| By InvezzThe USD/BRL exchange rate drifted upwards after the surprise interest rate decision by the Brazilian central bank. It rose to a high of 4.82, the highest point since July 21st as the bank diverged from the Federal Reserve. Brazil central bank cuts ra...
USD/RUB: Here’s the path of least resistance for the Russian ruble
August 03, 2023 03:20 AM AEST| By InvezzThe USD/RUB exchange rate rally continued as the US dollar index comeback gained steam. The pair surged to a high of 94.36, the highest level since March 25th last year. It has surged by more than 86% from the lowest level in 2022. Russian economy im...
USD/IDR: Rupiah outlook as Indonesia inflation slips again
August 01, 2023 01:30 PM AEST| By InvezzThe USD/IDR exchange rate continued rising as forex investors reflected on the latest Indonesian inflation data. The pair rose to a high of 15,106, the highest level since July 12th of this year. Indonesia inflation is falling The USD to Indone...
DXY index: Will the US dollar comeback continue in August?
August 01, 2023 12:00 PM AEST| By InvezzThe US dollar index (DXY) recovery continued as investors reflected on last week’s interest rate decisions by the Federal Reserve, European Central Bank (ECB), and Bank of Japan (BoJ). The index jumped to $102, the highest level since July 10th...
USD/CNY forecast as China’s economy slowdown gains steam
August 01, 2023 10:01 AM AEST| By InvezzThe USD/CNY exchange rate drifted downwards even as concerns about the slowdown in the Chinese economy continued. The pair retreated to a low of 7.15 on Monday, down from July’s high of 7.2667. China stimulus hopes One of the top economic theme...
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...
