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Markets In today’s extremely dull trading session, some volatility in the New Zealand dollar, Norwegian krone and Czech koruna are keeping us somewhat entertained. You’ll find the latter two in the section down below. NZD is under pressure (NZD/USD 0.6078) following this morning’s central bank meeting. Its remarkable dovish pivot from a hawkish stance in […]

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02/07/2024

EURCAD Wave Analysis

EURCAD reversed from support zone Likely to rise to resistance level 1.4780 EURCAD recently reversed up with the daily Hammer from the support zone located between the key support level 1.4580 (which has been reversing the price from the start of April) and the lower daily Bollinger Band. The upward reversal from this support zone […]
16/01/2024

Sunset Market Commentary

Markets US markets are closed today for Martin “I have a dream” Luther King Day. That brought Europe at the center of attention today and that’s what we’ll do in this report as well. Our angle is German, as the country reported a first, very early estimate of growth in 2023. The Federal Statistic’s Office […]
19/03/2024

USD/JPY: Yen Loses Ground on Signs of Extended Fed/BoJ Rate Gap

USDJPY was sharply higher (up almost 1%) after BOJ’s major shift, though the message from the central bank was seen as dovish on signals that future policy tightening will be moderate, which will keep the big rate gap between the Fed and BoJ and favor the dollar. Fresh acceleration extends recovery leg from 146.48 higher […]