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DXY: Potential Direction: Bullish Overall momentum of the chart: Bullish Price could potentially make a Bullish bounce off pivot and head towards 1st resistance Pivot: 104.16 Supporting reasons: Acts as an Overlap support and aligns with a 23.60% Fibonacci Retracement, providing a strong base for potential upward movements. 1st support: 103.92 Supporting reasons: Offers Pullback […]

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17/07/2024

RBNZ to Deliver Some Pre-Xmas Cheer in November

Today’s CPI showed some welcome reduction in headline inflation. Services sector inflation is easing only gradually. Recent activity data has suggested recessionary conditions for a few months now. The RBNZ indicated an openness to tempering the restrictiveness of conditions in July – today’s data gives them room to act on that strategy. We now see […]
10/03/2025

USD/CHF: Hits Lowest in Three Months as Strong Safe Haven Demand Inflates Swiss Franc

USDCHF remains in red at the start of the week and hit new three-month low, as safe-haves Swiss franc continues to shine on growing concerns on overheated economic and geopolitical conditions. Anticipated impact from tariffs on imports from Canada, Mexico and China in form of destabilization of flow of goods, higher prices which would lift […]
21/05/2024

Metals Shine

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