NZD/USD at a New Low: Problem is US Dollar and Local GDP

The euro has posted slight losses on Friday. EUR/USD is down 0.28%, trading at 1.0837 in the North American session at the time of writing. Eurozone CPI steady, core CPI falls The April inflation report showed that headline inflation remained steady at 2.4% y/y, holding at its lowest level in almost three years. Services inflation […]

GBPCAD bounces off uptrend line But strength of rebound is in question 20-day SMA is nearest challenge for the bulls GBPCAD has rebounded back above the 50-day simple moving average (SMA) after a 2% correction in June took the price below it towards the upper ascending trendline that’s been in place since the autumn of […]

As shown on the XAU/USD chart, Monday, 22 July marked the fourth consecutive day of declining gold prices. The change from the historical peak reached on Wednesday is around -3.5%. Bearish sentiment is driven by: → Market participants’ assessment of prospects due to the change of the Democratic Party’s presidential candidate in the US. → […]