USD/JPY Faces Resistance While Oil Prices Recover

According to UOB analysts, the New Zealand Dollar (NZD) could test the 0.6115 level, provided it stays below 0.6185. However, a significant break below this level isn’t expected at the moment. In the longer term, if NZD does manage to drop below 0.6115, it could potentially move further towards 0.6085. Earlier today, NZD traded between […]

WTI crude oil has started to evolve into a short-term uptrend phase reinforced by the recent liquidity infusion by China’s central bank, PBoC upcoming 50 bps cut on the RRR. The current 5-day rally of WTI crude oil has reached a key medium-term resistance zone of US$79.00/79.40 with a short-term overbought condition. At the risk […]

Markets Returning after a long weekend due to the Labour Day holiday, US investors see the glass half empty rather than half full looking forward to key US eco data to be published today (ISM manufacturing ISM) and later this week (Jolts openings tomorrow, ADP, jobless claims and services ISM on Thursday and payrolls on […]