Market Reviews

New Zealand GDP report affects NZD/USD pair

New Zealand GDP report affects NZD/USD pair

On Tuesday, September 18, at 22:45 GMT, New Zealand released the second quarter (Q2) gross domestic product (GDP) data. After New Zealand’s GDP exceeded expectations, the New Zealand dollar/US dollar regained some of its latest declines. New Zealand (New Zealand) second-quarter gross domestic product is close to the New Zealand central bank’s forecast, while the chain and the year-on-year increase to 0.5% and 2.1%.
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FED Rate Decision

FED Rate Decision

  The Federal Reserve cut interest rates   The Fed announced its monetary policy decision at 18:00 GMT on September 18. Jerome Powell held a press conference at 18:30 GMT. Market news: After a two-day policy meeting, it is widely expected that the Fed will...

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Gold Gap

Gold Gap

​Gold seem to be running hand in hand with oil prices. With a huge gap upon Monday’s trading session opening following the drone strikes on oil facilities over the weekend. XUU/USD closing on a high at $1488.86 per ounce in the 12th September and opening on a huge gap...

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Crude Oil Gaps

Crude Oil Gaps

The drone attack on oil facilities over the weekend rallied Monday’s oil prices at one of the fastest rates on record, causing a huge gap upon market open. Following the huge gap in oil prices on Monday, Tuesday’s market saw a slump in oil pricing after Reuters...

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A key upside barrier on AUD/JPY

A key upside barrier on AUD/JPY

A key upside barrier on AUD/JPY The AUD/JPY remains above the 50-day moving average and is designed to break through key resistance levels, including the 38.2% Fibonacci retracement of the overbought RSI. After the breakthrough, the 100-day EMA and the 50% Fibonacci...

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Crude Oil Down 2%

Crude Oil Down 2%

Crude oil price fell over 2 percent   Market news: OPEC lowered its forecast for world oil demand growth in 2020 due to the economic slowdown. President Donald Trump discussed relaxing the sanctions against Iran and raising the possibility of Iranian oil entering...

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GBP/USD Moving

GBP/USD Moving

Prime Minister Boris Johnson is on a collision course with the Members of Parliament. Receiving the formality of Royal Ascent, as the Prime Minister seeks to limit opposing lawmakers, Members of Parliament, chances of halting Brexit on October 31st. Although, there...

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China Retaliates.

China Retaliates.

China has had enough! Blasting looming U.S. tariffs of 10% on a further $300 billion of Chinese imports, exclaiming it too be a violation of the accords reached between President Trump and President Xi Jinping. China has reached out to the World Trade Organization...

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Markets are moving! GDP/USD.

Markets are moving! GDP/USD.

Huge push to the upside for the pound, on the smaller time frame. With the pound pushing past the 1.2111 mark and climbing. Are things finally looking up for the Pound? Looking at the weekly time-frame it's still looking bleak. With an overall downward trend for the...

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