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As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...

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This symbol represents the New Zealand Dollar - Canadian Dollar cross pair. These two currencies are both categorized as commodity currencies. Canada is primarily associated with oil and lumber, conducting significant trade with the United States. New Zealand is more associated with agricultural commodities and exports dairy and meat products to Australia and China.

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The underlying instrument for UKOIL is Brent Crude which is traded on the ICE Futures Europe. Brent Crude is a major trading classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide. Brent Crude is sourced from the North Sea, and comprises Brent Blend, Forties Blend, Oseberg and Ekofisk crudes (also known as the...

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USD/JPY Remains Under Pressure Despite Above-Forecast U. of Michigan Confidence Survey. Bearish Sequence Remains Intact Ahead of Federal Open Market Committee (FOMC) Meeting.

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The British Pound (GBP) against the Japanese Yen (JPY) pair denotes how many Yen are needed to purchase one Pound Sterling. GBP/JPY is a pair widely followed by scalpers and forex day traders. Day traders love the wide and volatile swings the pair tends to make on a day by day basis. There is enough liquidity in the pair for scalpers to quickly get into and out of...

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The EUR / GBP pair was very noisy during the trading conducted the previous week, but at this point it is obvious that we are in a significant consolidation area. I think the 0.87 level below is the "floor" on the market, just as the 0.90 level above is the "ceiling". I think short-term traders will love this pair in the short term, but I think. In general, we are...

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While we remain neutral on Sterling at this current point, GBP may be in for a rocky ride next week with market moving data points including inflation, jobs and wages as well as the latest monetary policy announcement from the Bank of England. And just to round the week off, the EU Council will meet on Thursday/Friday to discuss the latest EU/UK transition period...

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The cryptocurrency market has lost around $70 billion in market capitalization over the week – at the time of writing - with losses spread across the board. A warning from the IMF over cryptocurrencies and a notice from Google that they will be stopping ICO/cryptocurrency advertising, sent the market lower, taking out support levels along the way. A current period...

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The Euro / Canadian Dollar denotes how many Canadian Dollars are needed to purchase one Euro. Crude oil is one of Canada's largest exports and as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly traded currencies in FX. Throughout...

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As we came into February, GBP/JPY remained in a steady up-trend that had been in-force ever since the lows of the GBP Flash Crash of 2016. Prices in the pair perched-up to a fresh 18-month high on just the second trading day of the month, at which point a tonality change began to show. The big driver here appears to be Yen-strength, as this is something noticeable...

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The price of Bitcoin seems to have trouble continuing to rise above the broken resistance. This signals that sellers are still very strong and can push the price down to lower levels. Technical indicators are also reflecting a slowdown in optimistic pressure. The moving average of 100 periods is above the moving average of 200 periods, indicating that the path...

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This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil. In practical terms, this makes it...

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After a month of steady gains, the Yen began last week perched at the highest level since mid-2017. Investors were still digesting the confidently hawkish posture of new Fed Chair Jerome Powell when President Donald Trump suddenly announced an imminent hike steel and aluminum tariffs. Needless to say, it looked very much like the anti-risk Japanese unit might well...

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At first glance this could be a bearish development, and while the tone is set for lower prices in the short-term, support in the vicinity of 12150/100 will be quite impactful to the broader outlook. How the euro reacts to support (should it test it) will be telling as to whether the price action dating back to January is corrective or of the topping variety. A...

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We remain totally reticent on the sidelines when we look at Sterling while Brexit speaks little with the progress observed in recent weeks. Last Friday British Prime Minister Theresa May gave her long-awaited "Road to Brexit" speech, but any chance that this would help unblock negotiations failed when the EU continued to ignore Britain's demands and repeated the...

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The Swiss franc has been under pressure since the start of the week, with the USD / CHF pressing new monthly highs in New York trading today. The advance is testing the confluence resistance here at 0.9513 / 26 here the extent of 61.8% and the retraction of 38.2% converge at the proposed median line of the ascending force. Note that the daily impulse is also...

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A lack of key economic news flow from home meant that the New Zealand Dollar was exposed to external factors this past week. In particular, on US protectionism and North Korean developments which stirred sentiment in the markets. The former concluded with Donald Trump signing his tariff proposals while excluding neighboring countries. The latter promised to...