Foreign Exchange

EUR/USD Bears To Fade Into Rallies Below 1.10? Sentiment-wise, the USD is on the back foot following the deterioration of ISM manufacturing data. Yet we’d argue the dollar’s weakness could be temporary, like when the USD weakens following a Fed cut only to see it appreciate over subsequent weeks (even if counterintuitive to conventional wisdom regarding […]

AUD Under Pressure Ahead Of Tomorrow’s RBA Meeting RBA are expected to cut rate tomorrow by 25 bps, to a new record low of 0.75%. RBA last cut rates back in July, having already done so in June to shave 50 bps over the two months, which takes the total amount of cuts to 14 […]

Weekly COT Report: Bullish Exposure To USD Hits A 3-Month High As of Tuesday 24th of September: Bullish exposure to the USD is at $17.4 billion, its highest level in 3-months CAD traders reduced net-long exposure by -15.2k contracts, their least bullish positioning since June Net-long exposure to JPY was reduced by 11.1k contracts Bearish […]

It Could Be Make Or Break For The Aussie, With Several Pairs Sitting At Support With several AUD pairs sitting at key levels, it could be approaching a time for a make or break for the Aussie AUD/USD remains within an established bearish channel on the daily chart. The September rally stalled around the 50% […]

RBNZ are expected to hold tomorrow, which could leave potential for NZD crosses to bounce is there’s no easing bias in their statement. Unless of course RBNZ want to throw another curveball and cut another 25 bps. On the 7th August, RBNZ went above and beyond with a 50-bps cut, catching many off-guard who were expecting […]

As groundbreaking innovations continue to penetrate the finance space, it is almost impossible for this innovation not to spread to other industries. The movie industry is one of such sectors currently experiencing such revolutions. This is due to the invention of distributed technologies like Blockchain, which has brought about the concept of tokenizing everything. Tokenization […]

Crypto trading bots are technologies that allow crypto traders to customize a trading medium where their trading strategies are executed automatically at any time of the day. This technology has become popular in the cryptocurrency market and is dubbed “market-making bots”. Market-Making Market-making is the act of buying and selling of digital assets to make […]

EURUSD Price Analysis – September 23 The eurozone keeps on battling, thus resulting in selling pressure on the EURUSD pair, as fragile worldwide conditions and the U.S-China trade dispute have negatively affected the manufacturing sector in Germany and the remainder of the alliance. On the off chance that the U.K. leaves Brexit without a bargain, […]

Weekly COT Report: Dollar Bears Throw In The Towel As of Tuesday 17th September: Traders increased net-long exposure to the USD by $2.2 billion, taking bullish exposure to a 3-month high of $15.4 billion Bullish exposure to the USD index (DXY) was at a 29-month high Traders were the least bearish on AUD in 6-months Net-short […]

Kiwi Crosses Point Towards Further Weakness Ahead NZD crosses are falling in tandem which suggests broader weakness awaits. NZD/USD remains in a clear downtrend, and the retracement from the 0.6269 low appears to have had its day. The correction failed to retest the 38.2% Fibonacci level and, after a few days of consolidation, printed a […]