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TECHNICAL ANALYSIS:

NZDJPY: Preparing to roll over (again)

NZDJPY

GBPCAD: Bearish below 1.850

GBPCAD

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Editors’ Picks

AUD/USD could extend the recovery to 0.6500 and above

AUD/USD could extend the recovery to 0.6500 and above

The enhanced risk appetite and the weakening of the Greenback enabled AUD/USD to build on the promising start to the week and trade closer to the key barrier at 0.6500 the figure ahead of key inflation figures in Australia.

AUD/USD News

EUR/USD now refocuses on the 200-day SMA

EUR/USD now refocuses on the 200-day SMA

EUR/USD extended its positive momentum and rose above the 1.0700 yardstick, driven by the intense PMI-led retracement in the US Dollar as well as a prevailing risk-friendly environment in the FX universe.

EUR/USD News

Gold struggles around $2,325 despite broad US Dollar’s weakness

Gold struggles around $2,325 despite broad US Dollar’s weakness

Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.

Gold News

Bitcoin price makes run for previous cycle highs as Morgan Stanley pushes BTC ETF exposure

Bitcoin price makes run for previous cycle highs as Morgan Stanley pushes BTC ETF exposure

Bitcoin (BTC) price strength continues to grow, three days after the fourth halving. Optimism continues to abound in the market as Bitcoiners envision a reclamation of previous cycle highs.

Read more

US versus the Eurozone: Inflation divergence causes monetary desynchronization

US versus the Eurozone: Inflation divergence causes monetary desynchronization

Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Federal Reserve might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone. 

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