KIWI DOLLAR TALKING POINTS AND ANALYSIS Fed peak + RBNZ hawkishness supportive of NZD. All eyes shift to the US for the rest of the trading week. Technical signals point to downside to come. Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the
Economic Indicators & Central Banks : US consumer confidence improved better than expected, but it follows big downward revisions to October. The consumer confidence rise joins a Michigan sentiment decline to a 6-month low. All the surveys face headwinds from elevated mortgage rates, tight credit conditions, and fears about developments in the Middle East. Fed’s
That (the discussion) is not happening We have not seen enough evidence of inflation moving to 2% yet to be confident Well, either way markets are still convinced that we’ll get to this point by some time during the middle of next year. For now, with inflation still needing to trend lower, we can’t expect
Number of traders net-short has increased by 29.83% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI NZD/USD BULLISH 48.80% 51.20% -11.46% Daily -11.81% Weekly 17.50% Daily 29.83% Weekly 1.32% Daily 5.52% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
GOLD OUTLOOK & ANALYSIS Falling real yields make gold more attractive to investors. US economy in focus later today. Bearish/negative divergence on daily gold chart could bring bears back into the picture. Elevate your trading skills and gain a competitive edge. Get your hands on the GOLD Q4 outlook today for exclusive insights into key
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Investing.com– Most Asian currencies rose on Wednesday as less hawkish signals from Federal Reserve officials ramped up hopes for an early interest rate cut in 2024, which put the dollar near four-month lows. The was the best performer for the day, rallying nearly 1% after the Reserve Bank of New Zealand , but flagged potential
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $76.60 so far on Wednesday. لینک منبع : هوشمند نیوز
BITCOIN, CRYPTO KEY POINTS: Bitcoin Trades Just Above the $38k Mark. Are We Finally Going to Print a Daily Close Above the Resistance Level with an Eye on the $40k Handle? Binance Users Pull $1 Billion Following the Exit of CEO Changpeng Zhao. BNB Token Struggles and Hovers Near Recent Lows. Can the Exchange Survive
RBNZ Governor Orr press conference following the policy decision: RBNZ leaves cash rate unchanged at 5.5%, as expected RBNZ Policy Meeting: NZD/USD surges Via Westpac: The risk of an RBNZ rate hike “is real” From Orr: Meeting with new PM was highly constructive We’ve been adamant on holding rates through next year Projection shows upward
