2023

AUDUSD recoups losses The Australian dollar slid as the RBA minutes showed policymakers may reconsider pausing rate hikes. The selling pressure eased after the pair gained a foothold over 0.6570. A close above last week’s high of…
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Stock markets are falling, oil dropped to prices not seen since 2021 and gold is trending higher. The general symptoms that would be expected as a recession developed. The collapse of three banks in the US, and Credit Suisse not only once…
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After the $70 jump on Friday's session, Gold has kept pushing as the $2k level is tested. With the banking turmoil in full swing, will the yellow metal push past yearly highs? Safe-haven moves could be trimmed as UBS prepare to rescue…
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In the long term, the USDCNH pair is building a double zigzag of the cycle degree w-x-y. In February, the bearish intervening wave x ended. This had the form a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It is assumed that the initial…
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USDJPY drifts lower The US dollar slips as traders expect a modest 25 bp hike from the Fed amid banking troubles. A drop below the recent swing low of 132.40 has invalidated the rebound and put the pair back on a bearish trajectory in…
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USDCHF consolidates ahead of Fed response The US dollar whipsaws as traders reprice rate hikes amid financial instability. Policy guidance has so far been data-dependent, not so much with banking headlines lately, which would make…
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Since the start of the banking crisis just a week ago, markets have been recalibrating their expectations for central banks. It's broadly understood that the main driver of weakness in the banking sector at the moment is higher interest…
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The current chart of the USDCAD pair shows a correction pattern of a triple zigzag marked with cycle waves w-x-y-x-z. The four waves w-x-y-x have been fully completed, and now the final actionary leg is being built – the sub-wave z.…
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NZDUSD recoups losses The New Zealand dollar steadies as market sentiment tries to stabilise amid bank rescues. After flirting this month’s high of 0.6270 over the 30-day SMA, two shooting star patterns indicate the bulls’ struggle to…
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