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NZD Falls Amid RBNZ Rate Cut Concerns

Fundamental Analysis * Rate Cut Speculation: The New Zealand Dollar has retreated from its recent peaks due to speculation about more rate cuts by the RBNZ. Although it was the best-performing G10 currency last week, supported by announcements of new stimulus measures in China, New Zealand’s main export destination, the currency is now under pressureContinue Reading
Written on September 27, 2024 at 2:02 am
Categories: Trade Of The Day
Tags: Trade Of The Day
Pound Pulls Back Amid Dollar Strength, Losses Limited

Fundamental Analysis * Pound Resilience: The Pound Sterling is weakening against the US Dollar due to a slight recovery in the greenback. Nevertheless, losses are constrained as the outlook for the British currency remains optimistic, supported by expectations of a less-dovish Bank of England (BoE). Investors believe the BoE will gradually lower interest rates. InContinue Reading
Written on September 26, 2024 at 2:15 am
Categories: Trade Of The Day
Tags: Trade Of The Day
USDJPY Holds Steady as BoJ Rate Hike Delay Anticipated

Fundamental Analysis * Yen Drift: The Japanese Yen (JPY) weakened against the US Dollar as concerns grew that the Bank of Japan (BoJ) isn’t in a hurry to raise interest rates. Following Friday’s policy decision, Governor Kazuo Ueda signaled that rate hikes would be considered if inflation trends align with forecasts. Ueda noted that Japan’sContinue Reading
Written on September 25, 2024 at 2:18 am
Categories: Trade Of The Day
Tags: Trade Of The Day
Pound Rises Amid Weak Dollar After Fed Decision

Fundamental Analysis * Post Fed Pop: The pound sterling continues to gain strength against the dollar, as the greenback remains fragile following the Federal Reserve’s recent shift toward a rate-cutting cycle. Last week, the Fed’s unexpected decision to implement a double rate cut has weakened USD flows, pushing GBP to the upper range. In termsContinue Reading
Written on September 24, 2024 at 2:15 am
Categories: Trade Of The Day
Tags: Trade Of The Day
Oil Gains Amid US Rate Cut, Geopolitical Tensions

Fundamental Analysis * Crude Surge: Oil prices edged up slightly in early Monday trading, driven by concerns that the ongoing conflict in the Middle East could disrupt supply from the key producing region. Additionally, expectations that last week’s U.S. interest rate cut will boost demand also supported prices. Investors are still assessing the Federal Reserve’sContinue Reading
Written on September 23, 2024 at 2:19 am
Categories: Trade Of The Day
Tags: Trade Of The Day
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