Trading signals and online forecasts NZD/USD

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Forex analytical forecast for today, January 26, for USDJPY, NZDUSD, GBPUSD & Silver
GBP/USD, currency, USD/JPY, currency, NZD/USD, currency, Silver, mineral, Forex analytical forecast for today, January 26, for USDJPY, NZDUSD, GBPUSD & Silver USDJPY: dollar is under pressureThe trading instrument USDJPY is showing no signs of losing ground, testing the level of 129.30, continuing the downward trend that started on Tuesday, January 24, where the American currency was holding close to the local highs of January 18. The pair is consolidating amid expectations for the macroeconomic bloc to be released later this week.Meanwhile, consumer price data for January is scheduled for release tomorrow. According to preliminary estimates the consumer inflation rate in Tokyo and the region will rise to 4.4%, creating conditions for the financial authorities of the country to stop the course from soft monetary parameters in the foreseeable future. At the same time, Japan's Ministry of Finance said that economic indicators continue to decline rapidly due to the increasing intensity of hostilities in Russia's war against Ukraine and as a result of the costs of fighting the Covid-19 pandemic. According to comments made by Shunichi Suzuki, head of the Ministry of Finance, the authorities will support households and companies that are under pressure due to rising prices, which reached a 41-year record. Recall that for December the value added 4.0% in annual terms without taking into account food. The head of the government sees the solution in correcting wages to above inflation, paying subsidies to families with children, encouraging investors and reforming the areas of "green" and digital transformation.Resistance levels: 130.00, 131.00, 132.00, 133.00.Support levels: 129.00, 128.00, 127.00, 126.34.NZDUSD: the pair is holding near the local highThe NZDUSD currency pair reflects a moderate strengthening, recovering losses incurred earlier when the instrument moved away from the local high of January 18. A moderate support for the instrument is waiting for the release of the block of macroeconomic data from the U.S. value of GDP (gross domestic product) for Q4 of the previous year. It is predicted that the active recession of the economic activity will accelerate the completion of the cyclical interest rate corrections by the U.S. Federal Reserve.Additional support for the pair is the market participants' hope for the continuation of the positive dynamics of the Chinese economic indicators, which still failed to recover after the cancellation of the quarantine measures. Recall that in December 2022 the Chinese authorities stopped supporting the "zero tolerance" to the spread of COVID-19 infection, which will provide an incentive for the resumption of industrial activity and restoration of the trade balance.Resistance levels: 0.6500, 0.6535, 0.6600 and 0.6650.Support levels: 0.6450, 0.6400, 0.6350 and 0.6288.GBPUSD: the bears continue to press on the economyWeak macro data released on the previous day leaves no chance for the "bulls" to retake the initiative and therefore national economy keeps sliding, and GBPUSD reached 1.2400.The manufacturing sector activity rose to 46.7 points from 45.3 points earlier, services sector declined to 48.0 points from 49.9 points, bringing the benchmark reading to 47.8 points from 49.0 points. Manufacturers recorded a 0.8% decline in December selling prices, adjusting the year-over-year increase to 14.7% from 17.5% last year, and a 1.1% decline in purchasing prices, slowing the year-over-year trend from 19.2% to 16.5%.Resistance levels: 1.2500, 1.2800.Support levels: 1.2280, 1.1900.Silver pricesDuring morning trading, the precious metal reflects a mixed trend, sitting at 23.80.Traders will abstain from new trades on the asset, wishing to wait for the release of key U.S. economic indicators, including dynamics of GDP (gross domestic product) for Q4, where economists forecast decline to 2.6% from the current 3.2%, and loss of initiative from the "hawks" in the U.S. Federal Reserve. Next week, the agency is likely to announce a strengthening of the key indicator by only 0.25%, and experts agree that the next phase of interest rate hikes of similar magnitude will be announced before the summer, followed by a break to assess the effect of the cumulative measures taken. The ECB (European Central Bank) and the Bank of England are showing more determination, so silver prices will react to possible interest rate increases. Moreover, the Japanese regulator, which for a considerable time had a "dovish" vector in monetary parameters, may switch to "hawkish" rhetoric in the short term.Resistance levels: 24.00, 24.20, 24.42, 24.67.Support levels: 23.60, 23.32, 23.00, ...
Forex analysis and forecast for NZDUSD for today, January 23, 2023
NZD/USD, currency, Forex analysis and forecast for NZDUSD for today, January 23, 2023 At the Asian trading of the first working day of the week the NZDUSD keeps the upward trend and is around 0.6470 at the moment.The US dollar remains under pressure from weak macroeconomic statistics. On Friday there was a report on retail sales, which showed a decrease in volumes. Investors have less and less doubts that Federal Reserve will soon reconsider its monetary policy course and at the February meeting it will raise the rate not more than by 25 basis points.This week, Thursday, the fourth quarter U.S. GDP report will be released. The figure is expected to slow from 3.2% to 2.8%.NZDUSD Technical AnalysisOn the Daily chart, the Bollinger indicator shows growth, as does the MACD indicator, which formed a buy signal.Stochastic oscillator descended to the middle of the working area, but here began to turn up.After the breakdown, followed by consolidation above resistance at 0.6500, we go long, taking profit at 0.6600. Stop loss is placed at 0.6450.In case the buyers fail to break through 0.6500, expect reversal and downfall of the price below support at 0.6450. From here we start selling with a target at 0.6350. Stop-loss is set at ...
Forex analytical forecast for today, January 23, for USDJPY, NZDUSD, Gold & Crude oil
USD/JPY, currency, NZD/USD, currency, Brent Crude Oil, commodities, WTI Crude Oil, commodities, Forex analytical forecast for today, January 23, for USDJPY, NZDUSD, Gold & Crude oil USDJPY: Dollar recovers lossesThe American currency trades with a moderate growth against the Japanese yen, being at 129.70, continuing an upward dynamic. The previous week resulted in the USDJPY pair demonstrating a mixed positive trend against the background of the weak macroeconomic data block, which left the US dollar unable to move away from the record low of May 2022. Meanwhile, market participants expect the Japanese regulator to take a vector of tighter monetary parameters in the coming 2023 as part of its fight against record inflation. However, the last meeting of officials of the agency could not give a clear signal on the further strategy of financial authorities, and experts predict the resignation of the current chairman of the Central Bank in April, after which the situation can be more predictable.The published data at the end of last week in Japan managed to confirm the trend for further inflation growth. For instance the consumer prices in December had gained 4.0% having risen 3.8% in the previous period against the expected 4.4% while not taking into account the cost of food products and energy resources the correction was 3.0% from 2.8% which was better than the forecasted 2.9%.Resistance levels are at 130.00, 131.00, 132.00 and 133.00.Support levels: 129.00, 128.00, 127.00, 126.34.NZDUSD: The New Zealand currency is developing a bullish momentumDuring morning trading NZDUSD is showing a mixed trend, testing the level of 0.6470.The U.S. dollar was affected by the negative factors caused by the macroeconomic data released a week earlier. Thus, the retail sales disappointed the experts, though Friday's index of the number of secondary housing contracts for December reflected a decrease of 1.5%, having sharply decreased by 7.9% the month before at the estimates of -5.4%. Market participants are analyzing the probable correction of the US Federal Reserve's behavior in the issue of tightening monetary parameters, which may be announced at the end of the February meeting. The published earlier statistics on the consumer price index, which updated the minimum level for October 2021, confirmed the stability of the trend to slowdown, developing a decrease after 8.2% for September, 7.7% for October and 7.1% for November at the June maximum of 9.1%, due to which the analysts forecast the next correction step of only 0.25%, which corresponds to the data of the Chicago Mercantile Exchange (CME Group) FedWatch Tool.Resistance levels: 0.6500, 0.6535, 0.6600 and 0.6650.Support levels: 0.6450, 0.6400, 0.6350 and 0.6288.Gold analysisGold prices reflect moderate strengthening within the framework of consolidation at the level of 1930.00.The precious metal remains attractive to investors because of the high probability of the next U.S. Federal Reserve's decision to adjust the interest rate by only 0.25%, which may signal an early completion of a systematic tightening of monetary policy. According to preliminary data, in early February the key value strengthening will not exceed the 0.25% step, and then the regulator can take a wait-and-see attitude to assess all the decisions made earlier. The ECB (European Central Bank) as well as the Bank of England may take a similar model of behavior if the situation is identical with the recession of price pressure on the economy of these regions. Meanwhile, the consumer inflation rate continues to remain at a record peak, fueling fears on the part of regulators about the onset of economic recession in the euro area.Resistance levels: 1930.00, 1952.53, 1974.22, 2000.00.Support levels: 1915.00, 1900.00, 1886.46, 1869.49.Oil market analysisThe price of benchmark Brent crude oil is testing the 87.00 mark.Oil is recovering moderately due to fundamental news, according to which the market reacted to the comments of the Saudi Arabian government during a briefing at the WEF (World Economic Forum) in Davos. Based on the official statement, the government is actively considering switching to alternative currencies from the "U.S." to pay for goods in international trade. Such a commentary supported the global sentiment of taking away the role of the U.S. dollar as the dominant global currency, which has been observed in recent times, providing a significant incentive for the hydrocarbon market, giving the potential to form more independent pricing factors for raw materials.Resistance levels: 89.30 and 97.70.Support levels: 84.80, ...
Forex analytical forecast for today, January 18, for EURUSD, NZDUSD, GBPUSD & Crude oil
EUR/USD, currency, GBP/USD, currency, NZD/USD, currency, Brent Crude Oil, commodities, WTI Crude Oil, commodities, Forex analytical forecast for today, January 18, for  EURUSD, NZDUSD, GBPUSD & Crude oil EURUSD: the instrument is moving away from the record highThe EURUSD currency pair reflects a moderate loss of positions during morning trading, revealing the potential for a downward correction since the end of the previous week, where the asset has consolidated near its 2022 high.The American currency is again popular among investors, but the latter agree that the stimulus for the strengthening is mainly technical reasons. Meanwhile, traders predict further softening of the U.S. Federal Reserve rhetoric on the issue of interest rate adjustment. As follows from current estimates, the agency will strengthen the index only by 0.25% at the end of the meeting in early February, and then take a break because of the steady downward trend in inflation. Investors are waiting for the release of the December Industrial Price Index data, which can bring forecasts closer to reality. Experts forecast deceleration of the index to 6.8% from 7.4% on the year and to -0.1% from 0.3% on the month.Resistance levels: 1.0800, 1.0850, 1.0900 and 1.0957.Support levels: 1.0759, 1.0700, 1.0657, 1.0600.NZDUSD: the pair updated the local high for December 2022During the morning trading the NZDUSD trading instrument shows the "bullish" dynamics formed earlier, being in the area of 0.6450 continuing to strengthen, having updated the local maximum for December 15.Market participants ignored the release of New Zealand's macroeconomic data block on retail sales, which reflected a decline of -2.5% for the month, having previously increased by 0.3% against analysts' estimates of -0.8%, and for the year - to 4.8% from 7.1%, with forecasts of 10.8%. According to REINZ (Real Estate Institute of New Zealand) for December the indexation of housing prices fell again by 2.5%, developing a negative trend from -1.4%.Resistance levels: 0.6450, 0.6500, 0.6535, 0.6600.Support levels: 0.6400, 0.6350, 0.6288, 0.6250.GBPUSD: movement within the framework of the unstable upward dynamicsThe currency pair GBPUSD is developing a multidirectional trend during the morning trading, being at 1.2280 and the local high of December 15. The asset reflects an unsteady upward trend from January 6 despite the attempt of the American currency to show a moderate strengthening last week.GBP/USD was positively boosted by the publication of economic statistics on employment in the UK, which showed an increase in unemployment claims for December by 19.7 thousand, moving away from November's value of 30.5 thousand, while unemployment for November remained at 3.7% in the quarterly figure. Market participants also priced in an increase in hourly earnings for November, whose level, excluding bonuses, strengthened to 6.4% from 6.1%, slightly beating analysts' estimates of 6.3%, including bonuses wages up 6.4%, while experts predicted zero dynamics.Investors are awaiting the release of consumer price growth and retail sales volumes for December. Consumer inflation is expected to reflect a 0.4% monthly increase, continuing November's trend, and show a moderate year-over-year decline to 10.6% from 10.7%, while the retail sales index may reflect a correction to 1.0% from 0.6%.Resistance levels: 1.2311, 1.2400, 1.2500, 1.2600.Support levels: 1.2240, 1.2150, 1.2084, 1.2000.Oil market analysisNorth American light crude oil WTI is trading on a positive note, testing the 81.10 level.According to OPEC, the trend of recovery of hydrocarbons may continue due to the increase in production capacity. Preliminary data shows that production in 2022 will increase by 1.9 million barrels per day, while expectations for 2023 assume the value will grow by another 1.5 million barrels per day, reaching 67.2 million barrels. Brazil, the U.S. and Canada will presumably remain the first producer countries, while Norway and Thailand will slightly decrease their numbers.Support levels: 78.44, 70.50.Resistance levels: 83.28, ...
Forex analytical forecast for today, January 12, for NZDUSD, USDJPY, GBPUSD & Silver
GBP/USD, currency, USD/JPY, currency, NZD/USD, currency, Silver, mineral, Forex analytical forecast for today, January 12, for NZDUSD, USDJPY, GBPUSD & Silver NZDUSD: upward trend in the pairThe trading instrument NZDUSD is showing a moderate uptrend, being at 0.6375. Investors abstain from making new contracts, wishing to evaluate the macroeconomic statistics of the USA first.Certain positive factor for the instrument was the Chinese statistics. For instance, the consumer prices in December displayed zero trend, having decreased by 0.2% in the previous month, while the annual rate had grown to 1.8% from 1.6%. Manufacturing sector prices fell to -0.7% from -1.3%, contrary to experts' expectations of -0.1%. Economists note that the Chinese economy is gradually recovering, guided by the dynamics of inflation, but the effects of the pandemic are still having a negative impact.Resistance levels: 0.6400, 0.6450, 0.6500, 0.6535.Support levels: 0.6350, 0.6288, 0.6250, 0.6200.USDJPY: dollar remains under pressureThe American currency keeps sliding down against the yen, making a new low earlier this week at 131.50. Investors give preference to closing some positions on the US dollar while waiting for the consumer price statistics for December and hope to get some hints that the inflation rate will slow down at the end of the year, which will allow the US Federal Reserve to soften the hawkish rhetoric on monetary policy tightening.An additional support for the yen was a block of macroeconomic data published on January 12. According to the data, the balance of payments, not taking into account seasonal fluctuations, showed an upward correction to 1803.6 billion yen in November, while the deficit was fixed at 64.1 billion yen last month. Estimates of further developments from Eco Watchers for December strengthened to 47.0 points from 45.1 points, the level of the current situation index declined to 47.9 points from 48.1 points. Tokyo consumer prices strengthened to 4.0% for December from 3.8%, showing the fastest increase in 40 years, suggesting that the consumer price index will surpass the 2.0% target for December. Meanwhile, such a situation could reinforce investor sentiment that Japan's regulator will move to phase out stimulus, changing its strategy in controlling earnings.Resistance levels: 132.00, 133.00, 133.61, 134.50.Support levels: 131.00, 130.00, 129.00, 128.00.GBPUSD: investors waiting for US inflation data for DecemberThe local decline in the US dollar allows the pair GBPUSD to correct at 1.2140.Market participants are eager to assess the consequences of the previous day actions in which public sector workers took part and demanded to change their pay, which fell by 3.0% last year because of the rising cost of welfare. Thus, journalists of TV channel Sky News estimated the number of striking health workers at 25.0 thousand, but if the protests continue, the number could reach 100.0 thousand people working in medical institutions, amid which the national health system could be paralyzed. According to The Telegraph, the 2022 protests have deprived the United Kingdom of a record 1.2 million working days, up to 50% of which were recorded in November.Resistance levels: 1.2250, 1.2650.Support levels: 1.2000, 1.1700.Silver pricesHaving completed the downtrend of the previous three sessions which resulted in the precious metal updating the local minimum of January 6, the instrument quotations shifted to growth today in the morning trading, being at the level of 23.60.Market participants are still waiting for the December consumer price index data announced for Thursday, which is expected to slow down to 6.5% from 7.1% year-on-year, while the monthly trend may be rolled back to zero, previously showing an increase of 0.1%. Excluding the food and energy group, the decline could reach 5.7% from 6.0%, but the monthly level has the prospect of rising to 0.3% from 0.2%. Traders concede that signs of a steady downward trend in inflation may influence the Fed to make further interest rate corrections, as over 75% of experts agree that the key indicator will only rise 0.25% in February, with the last hike of 0.50% in December. Insignificant, but negative incentives for silver were the likely key rate hikes by a number of key regulators - the Bank of England, the ECB (European Central Bank) and the Central Bank of Japan, but they did not yet announce any further plans.Resistance levels: 23.60, 24.00, 24.42 and 24.67.Support levels: 23.32, 23.00, 22.70, ...
Forex analytical forecast for today, January 9, for NZDUSD, USDJPY, Crude oil & Gold
USD/JPY, currency, NZD/USD, currency, Brent Crude Oil, commodities, WTI Crude Oil, commodities, Gold, mineral, Forex analytical forecast for today, January 9, for NZDUSD, USDJPY, Crude oil & Gold NZDUSD: the bulls are strengthening the instrumentThe New Zealand currency was rapidly strengthening during the Asian trading session, having updated the local maximum on December 19. Currency pair NZDUSD is consolidating at the level of 0.6400 with the prospect of further strengthening, and market participants are rapidly selling off the U.S. dollar amid the published data on the U.S. employment market. According to December statistics new jobs showed an increase of 223.0 thousand, surpassing economists' expectations of 23.0 thousand vacancies, unemployment fell to 3.5% from 3.6%, with an estimate of strengthening to 3.7%. The pay-per-hour rate fell to 4.6% year-over-year from 4.8% previously, with analysts forecasting an uptrend to 5.0%, and the monthly rate dropped to 0.3% from 0.4%. Major market participants expect the U.S. Federal Reserve to correct the dynamics of monetary policy in favor of easing as soon as possible.Resistance levels: 0.6400, 0.6450, 0.6500 and 0.6535.Support levels: 0.6350, 0.6288, 0.6250 and 0.6200.USDJPY: dollar began the trading week with a downtrendThe trading instrument USDJPY showed a mixed trend during the morning session, testing the 131.70 mark. The US dollar continues to be under the "bearish" dynamic, having lost ground at the end of the previous trading week, having moved away from the local resistance of December 20.Meanwhile, analysts expect the Japanese regulator to launch a mechanism of tightening monetary parameters, including an increase in key indicators, taking the interest rate out of the negative zone with the onset of spring this year. The head of the Japanese government, supporting the initiative of the trade union confederation Rengo at a meeting of several national major lobbies to increase employee pay. The official noted that the Japanese economy has a high risk of colliding with stagflation if wages are not indexed to the current rate of inflation. At the same time the authorities plan to allocate up to 1.0 trillion yen for the retraining of workers, moreover, employers will be encouraged to refuse payment of one-time bonuses in favor of an increase in fixed labor compensation.Resistance levels: 132.00, 133.00, 133.61, 134.50.Support levels: 131.00, 130.00, 129.00, 128.00.Gold analysisIn Asia-Pacific trading, gold showed moderate gains, having successfully updated the highs of May to 1875.00, developing an uptrend and gaining support amid the release of the US macroeconomic data, which served as the argument for monetary easing by the Fed.Thus, Friday was marked by the release of the December report on the employment market, which reflected the reduction of the unemployment rate to 3.5% from 3.6%, with the estimates of an increase to 3.7% due to the lower dynamics of the average pay rise, allowing the agency to stick to the plans outlined earlier, providing for the next stage of the key indicator strengthening in the first half of this year, which may be followed by a break. An additional negative factor for the "American" by the end of the previous week was the publication of the business activity data in the service sector from ISM (Institute for Supply Management), which reflected a noticeable reduction for the first time in the last years. Thus, the December value decreased to 49.6 points from 56.5 points with the forecasted decline to 55.0 points, on the other hand, such situation indicates a rapid loss of the inflation potential, allowing the US Federal Reserve System to take a wait-and-see approach.Resistance levels: 1879.30, 1900.00, 1915.00, 1930.00.Support levels: 1869.49, 1857.27, 1843.37, 1828.22.Crude Oil analysisThe price of the benchmark Brent crude oil is testing the 79.00 mark.The growth in quotations occurred due to the cancellation of a number of epidemiological measures by the PRC authorities. Thus, from January 8, it was simplified mandatory testing and centralized isolation for tourists entering China. Experts predict that such an algorithm will stimulate the recovery of production capacity, increasing the demand for energy. Meanwhile, China continues to consult on the possibility of using its national currency when signing contracts on "black gold" with the Persian Gulf countries. The parties may come to an agreement by 2025, according to some experts, will mark the emergence of the "oil yuan" and establish a new energy order. For example, China is currently increasing its imports of hydrocarbons and LNG from Russia, Venezuela and Iran, settling accounts in yuan.Resistance levels: 82.40 and 86.90.Support levels: 78.00, ...
Forex analysis and forecast for NZDUSD for today, January 4, 2023
NZD/USD, currency, Forex analysis and forecast for NZDUSD for today, January 4, 2023 The NZDUSD is steadily rising on Wednesday, correcting yesterday's decline with the renewal of the local lows of November 30. Buyers are trying to hold above resistance at 0.6250, but investors are unlikely to show any heightened activity before the release of the U.S. statistics and protocols of the last FOMC meeting (19:00 GMT).Yesterday's decline of the asset was triggered by the weak macroeconomic statistics of New Zealand. The dairy price index fell by 2.8% in December while the growth forecast was 0.6%. Moreover, the Chinese manufacturing activity index declined from 49.4 to 49.0 points over the month. Chinese economy is sending out worrying signals and some analysts are already starting to doubt in its rapid recovery, as the financial markets expect.NZDUSD Technical analysisBollinger Bands indicator on the daily chart form remains in a confident decline phase.MACD indicator descends in the positive range close to the zero line and retains a medium strength sell signal.Oscillator stochastic confirms the development of "bearish" dynamics.If the pair fixes below the key resistance at 0.6250, the pair will continue to form short positions with Take Profit at 0.6155. Placement of protective stop at 0.6300.In case of breakdown and consolidation above the level of 0.6288, we will switch over to buying with the target level of 0.64.00. Stop-loss is set at ...
Forex analytical forecast for today, January 4, for NZDUSD, USDJPY, GBPUSD & gold
GBP/USD, currency, USD/JPY, currency, NZD/USD, currency, Gold, mineral, Forex analytical forecast for today, January 4, for NZDUSD, USDJPY, GBPUSD & gold NZDUSD: updating the low of NovemberThe New Zealand currency reflects a slight strengthening in the Asian trading session, recovering the earlier lost positions, which allowed the pair NZDUSD to renew its local low of November 30. The trading instrument is at 0.6260 with the prospect of further gains, while investors are reducing trading activity waiting for the release of the final minutes of the U.S. Federal Reserve's meeting for December and the U.S. jobs market report, announced for the end of the week."The New Zealander is under negative influence amid the release of a contradictory macroeconomic data block. According to the report, the cost of dairy products for December fell by 2.8%, having previously fallen by 3.8% last month, contrary to analysts' expectations of a positive correction to 0.6%. Disappointing statistics was also the Chinese PMI (business activity index) in the industrial sector from Caixin for December dropped to 49.0 points from 49.4, while beating market expectations of 48.8 points. The negative economic stimulus from China's news backdrop continues to come from new spikes in covid-19 infections, following the loosening of quarantine restrictions. Economists are already leaning towards a longer recovery than expected the day before.Resistance levels are at 0.6288, 0.6350, 0.6400 and 0.6450.Support levels: 0.6250, 0.6200, 0.6155, 0.6100.USDJPY: The long-term outlook is for the bearsEarlier, the trading instrument USDJPY made a local low of June, reaching 129.52, but by the end of the day trading the asset has fully recovered its positions.The Japanese yen was supported by the statements of the head of the government of official Tokyo, who confirmed his intention to hold consultations with the managers of the national property enterprises on the increase in wages for employees within the indexation of payments to level out the inflation rate at 3.8%. According to the official, the authorities are working to establish a framework under which wage payments will be indexed annually, because it will stimulate consumer activity and economic indicators to provide an incentive for continued growth, from which the positive signals will receive the Japanese yen. Fumio Kishida's statement hit the news space when public concern began to surge, as the cost of living was under a severe crisis and the Cabinet of Ministers' rating showed a steep drop.Resistance levels: 134.47, 138.05, 139.50.Support levels: 130.90, 127.90, 124.10.GBPUSD: The GDP of the UK is facing serious challengesPound shows multidirectional trading dynamics, intending to win back the lost positions earlier. At the moment of writing this article the currency pair GBPUSD is near the local low of November 23, trying to reach the psychological threshold of 1.2000 to overcome it.The United Kingdom's economic indicators continue to be affected by unprecedented domestic challenges such as high inflation and rising cost of living, which is only amplified by the flow of migration as 45,756 thousand people crossed the Channel last year, also workers are not happy with the working environment in the budget sector. Thus, an alliance of railway, maritime and transport unions (RMT) was formed, which announced a five-day action, which is taking place this week, with the number of participants reaching about 40 thousand railway workers, who put forward their demands for higher pay and cancellation of cuts.Resistance levels: 1.2027, 1.2084, 1.2150 and 1.2240.Support levels: 1.1900, 1.1800, 1.1700, 1.1600.Gold Market analysisAfter prolonged trading within the ascending slope, the asset successfully went over the limit, taking as a target the July maximum at the level of 1877.00.Experts predict rapid appreciation of the banking metal throughout the current year to the level of 4000.00, against the background of regular interest rate hikes by the world's leading regulators. Moreover, some economists expect that a number of economies will start recession already in Q1, due to which the precious metal will successfully outflank its competitors as a refuge asset amid conflicting market trends and rising inflation. The World Gold Council confirmed the information of the growing interest of world investors in the asset. Thus, according to the report, central banks bought about 400.0 tons of gold in Q3 2022, almost surpassing the previous record of 241.0 tons in Q3 2018. According to the CFTC (U.S. Commodity Futures Trading Commission), investors increased the volume of net long gold contracts by 1,898,000, renewing a new 6-month high of 58,452,000 transactions.Resistance levels: 1877.00, 1918.00.Support levels: 1806.00, ...
Dollar falls, losing support from US government bonds
USD/CAD, currency, USD/JPY, currency, NZD/USD, currency, US Dollar Index, index, Dollar falls, losing support from US government bonds The dollar fell against the Canadian dollar and hovered near multi-month lows against European currencies on Tuesday as Treasury bond yields were little moved amid expectations the US Federal Reserve will not raise interest rates in the near future.Dallas Fed President Robert Kaplan reiterated on Monday that he does not expect interest rates to rise until next year, lowering expectations that inflationary pressures could force the Fed to change policy sooner than stated.Read more: Causes of inflation and scientific approaches to their studyThe yield on 10-year US Treasury bonds stood at 1.6454%, continuing a decline from last week's five-week high.The dollar index to a basket of six major currencies was down 0.19% to 89.991 by 09:34. The euro rose 0.25% to $1.2181, close to its lowest level since February 26. At the same time, the pound rose 0.31% to $1.4178. The British currency was supported by the lifting of coronavirus restrictions in the UK.The Canadian dollar rose 0.31% against the US dollar to $1.2029, almost hitting a six-year high, thanks to higher oil prices. "The Aussie rose 0.46% to $0.7799. The New Zealand dollar rose 0.58% to $0.7242.The mainland yuan rose 0.2% to 6.4257. The Japanese yen rose 0.1 per cent paired with the dollar, to 109.08 yen.In the cryptocurrency market, bitcoin rose 3.81% to $45.255 but remained near a three-month low following tweet from Tesla CEO Elon Musk. Etherium rose 7.58% to $3,529.95, recovering from a two-week low hit on Monday.Read more: The history of Federal Reserve (Fed) and its ...
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