Kiwi Soars on RBNZ Governor Orr

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

EUR/USD soars above 1.0700, refreshes two-month highs post-US NFP weak data

Share: EUR/USD rallies amid a softer US labor market, with Nonfarm Payrolls missing the 180K target. Speculation grows for Fed rate cuts in H2 2024 as hiring slows and unemployment ticks up. Despite EU’s own economic slowdown, the Euro benefits from broad USD weakness and reduced rate hike bets. EUR/USD rallies during Friday’s

XAG/USD soars above $23.00 on Middle East rising tensions

Share: Silver price jumps from $22.70 to $23.07, testing crucial resistance at 200-DMA of $23.26. A breach of 200-DMA could expose next resistance levels at $23.69 and Bollinger bands top at $23.80. If Silver falls below $23.00, supports are $22.94, $22.44, and 20-day EMA at $22.25. Silver price jumped above the $23.00 figure

USD/CHF soars above the 200-day SMA after amid CHF weakness

Share: The USD/CHF rose to a two-week high around 0.9035 near the 20-day SMA. The CHF is one the worst-performing currencies in the session. The US Dollar is trading soft after PCE figures from September. Hawkish bets on the Fed remain low ahead of next week’s meeting. At the end of the week, the

XAU/USD soars to $1982 post-Fed Powell’s dovish comments, tumbled the USD

Share: XAU/USD trades at $1971.15, marking a 1.24% gain. Fed Chair Jerome Powell’s comments at the Economic Club of New York led to expectations of no further rate hikes by the Fed. Powell states that policy is restrictive and emphasizes the need for careful policy setting. Gold price (XAU/USD) extended its gains to

USD/JPY Flat, AUD/USD Dives after Rejection, USD/MXN Soars

The U.S. dollar traded higher against most peers on Wednesday amid risk-off sentiment. Compared to the Japanese yen, however, the greenback was largely flat, with USD/JPY fluctuating around the 149.75 level at the time of writing. The ongoing geopolitical conflict in the Middle East, stemming from Hamas attacks in Israel, continued to shape market dynamics,

Israel shekel sinks to lowest since 2016, default insurances soars By Reuters

© Reuters. FILE PHOTO: New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021. REUTERS/Nir Elias/Illustration/File Photo LONDON (Reuters) – Israel’s shekel hit its weakest level since early 2016 and the cost of insuring the country’s sovereign debt against default soared on Tuesday after a bloody weekend assault by Hamas militants

Soars, extends its rally to 10 days, as bull’s eye 0.9100

Share: USD/CHF is on a bullish trajectory, ending the week with over 1% gains, Pair is eyeing the 0.9100 mark, with a breach potentially exposing the May 31 cycle high at 0.9147, following a rally to the March 16 daily high at 0.9340. Key support levels for sellers include the 200-DMA and the

XAG/USD soars by more than 2% to close the week

Share: XAG/USD advanced by 2.20% to $23.20. The USD is trading somewhat soft on Friday ahead of the weekend. US yields and tightening expectations remain steady.  Michigan Consumer Sentiment from September declined to 67.7. At the end of the week, the XAG/USD Silver Spot price gained significant demand and increased to $23.15. On the

Argentine shoppers face daily race for deals as inflation soars above 100% By Reuters

© Reuters. FILE PHOTO: A costumer counts money before buying tangerines in a green grocery store, as Argentines struggle amid rising inflation, in Buenos Aires, Argentina May 11, 2023. REUTERS/Agustin Marcarian/File Photo By Miguel Lo Bianco and Claudia Martini BUENOS AIRES (Reuters) – Argentines, up against painful annual inflation at 113% and rising, are running