Market Reviews

Fresh Downside for the Kiwi Dollar

Fresh Downside for the Kiwi Dollar

The Kiwi dollar is on the downside once again, as after it peaked at 0.63950 cents against the US Dollar, it then managed to plummet down almost 1% to 0.63630 in the course of just one hour. During the rest of the day, it reached a low of 0.63530 twice before steadying off slightly.

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Euro Still Dropping, Gold Still Rising

Euro Still Dropping, Gold Still Rising

The Euro only continues to drop lower and lower. When we looked at the EUR/USD pair on the 7th, it was at a 4-month low. When we revisited it just under a week ago, it had managed to hit a low not reached since April 2017. And now the Euro has dropped further still, sinking below the 1.0800 mark. It seemed to recover slightly, but has now dropped back down, leading to a 34-month low.

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Nikkei 225 Drops Amidst Fears of Japan Recession

Nikkei 225 Drops Amidst Fears of Japan Recession

The Nikkei, or Japanese Stock Market Index, is down 1.6% after a fall of 330 points, marking a fourth straight day of losses.
The most obvious factor affecting this is the continuing fears of the coronavirus, which is affected all Asian markets as the severity of the virus only worsens.

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AUD/USD At Decade Low

AUD/USD At Decade Low

Following a brief recovery from its dip at the end of last month as fears concerning the coronavirus alleviated somewhat, the Australian dollar has since reached a decade low in the wake of the NFP release on Friday.

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ADP Release Leads to EUR/USD Hitting 4-Month Low

ADP Release Leads to EUR/USD Hitting 4-Month Low

As we come to the end of the week and approach the biggest trading day of the month, aka the Non-farm payroll (NFP) release in less than 24 hours, investors seem to be pricing in a stronger US dollar ahead of strong expectations for the US economy. As a result, the Euro has fallen to its lowest since October 2019.

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Gold’s Short Term Rise Reversed as NFP Approaches

Gold’s Short Term Rise Reversed as NFP Approaches

What a plunge for gold! Following a monumental rise for the yellow metal at the start of January, it since plateaued around 1570, but still appeared to be an attractive investment. However, after a month-high peak of 1589.45, it has now sharply declined over the past few days, dropping 1.5% and sitting below the 1553 mark, and looking to drop further still.

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