Hard moves on the kiwi this morning as the US dollar sinks on inflation news. This currency seems to be reacting hard to the US markets as it moves 0.50% in a single candle. Strength in the kiwi could also be rising as inflation remains much lower than the majority of other currencies.
NU pair is up 0.27% today after investors begin to fear the rise in inflation on the USD that grew 5% from one year ago. Price has already tested the supportive trendline and is climbing back up. The past two days might have been the anticipation of good inflation news, so traders were selling the rumor on this pair, but now, it looks like investors have a reason to buy.
NJ was one of the hardest movers today as price broke out of a downtrend line on the 4H chart. The pair found a bottom around 78.581, but it looks to be resting on that trend line that broke. Mild resistance looks like the 79.137, with heavier resistance at 79.241.
Euro kiwi falling by 0.32% on the day which makes it the most volatile pair as of now as price hits 1.69101. A supportive trendline lies right below current price which the pair will likely test. ECB monetary policy statements are happening now which is most likely the cause of all this volatility on this pair today.
9/27/2021 Election results in Germany has German equities mostly flat on the day as investors are watching the Social Democratic Party take the lead in the polls. In Washington D.C., legislation is toiling to raise the US's debt limit, pass Biden's agenda and avoid a government shutdown from defaulting on federal aid with hundreds of […]
Hey everybody, this is a breakdown of some of the macro trends around Gold and some of the pressures it is facing from inflation and the Fed's potential rate hikes. Overview As of 09/26/2021, the Gold Continuous Contract is down -0.75% this week, and -3.79% for the month. Gold is currently caught in a limbo […]
Hey everyone! Welcome to this week's forex forecast for the week ending October 1st, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at USDJPY, GBPUSD, GBPNZD & XAUUSD. USD/JPY Price closed off for the week just above the resistance at 110.6 in this range bound market. Look out for how price […]