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AUD/NZD Positive Outlook – Bullish Structure?

AUD/NZD has moved sideways throughout 2021 so far, trading in a large range between resistance at the 1.088 level, and support at the 1.055 level. In 2020 the cross forex pair had a bull rally to start the year and then finished the year down. Currently the AUD/NZD is making a bounce from the 1.055 […]

AUDUSD Breaks Monthly Supports – Eyes Downside To 70 Cents

AUDUSD has broken below key monthly pivot levels that were acting as supports. The pair has broken below the 200 moving average, and technical indicators point to continued downside. The next key support zone lies down around the 70 cent mark, where a number of institutions can be presumed to have orders placed. The Aussie […]

BoE Hesitant To Raise Rates

BoE Governor Bailey has been calm over inflation concerns, stating that the BoE is not being casual about inflation. Bailey insists that the Bank of England is watching the economy closely, and recent inflation numbers have been higher than expected. He states that the central bank needs to review all the evidence to make a […]

Aging Population Concerns For Economy Surface In USA

Aging America Concerns Surface Reuters reported that US President Joe Biden does not have sufficient support to secure $400B in spending for at home elderly and disability care. Commerce Secretary Raimondo voiced her concerns over the economic implications of neglecting the needs of the aging demographic, saying that the aging population would hit the economy […]

iShares Hedged S&P ETF Tumbles 20%

Over the last 2 weeks iShares / Blackrock Investments hedged S&P500 ETF product, ASX code IHVV has taken a tumble over 20% following a 21.2% dividend yield. The index is now holding above support at the 38.2% Fibo level and the 100 week moving average. Weekly moving averages are currently in a bullish cross, however […]

Sydney Australia Lockdowns Continue, Set To Extend

Sydney Australia is set to have their current lockdown extended beyond the planned end date of July 16. New cases of Covid 19 have been rising daily despite being in the third week of lockdown. NSW Premier has warned that the lockdown is likely to be extended beyond July 16, and that the situation could […]

Central Banks Return To GOLD

Why have central banks been buying gold? Global central banks have been accumulating physical gold recently, as the precious metal stabilises. Central banks from Serbia to Thailand have been increasing their gold holdings as inflationary woes increase and the recovery in global trade increases countries buying power. The precious metal is currently trading at 1798 […]

FX Fundamentals Outlook – New Financial Year!

Preamble Hi traders! In the new financial year the outlook for global economies looks very positive! Friday’s NFP data showed the first surprise positive data in a number of months, highlighting the USA’s economic comeback from the pandemic. The UK and Eurozone have improved their management of Covid-19 and the vaccine rollout, making way for […]

Germany Reports 808 New Covid Cases – 56 Deaths

Germany has reported 808 new covid cases and 56 deaths in the latest update, whilst the incident rate is at 5.2. Covid cases in Germany have been drastically easing and active cases remain around the 13,000 mark. This is the lowest since August last year.

GS Bullish Oil, Remain on the fence about OPEC

Global oil inventories have decreased rapidly, minimising supply on the physical market. This is a bullish fundamental that Goldman Sachs anticipates to drive prices up, however they remain wary of OPEC boosting outputs at their meeting this week. They “expect a quota raise of 1 mb/d for August could lead prices to sell off $2-3/bbl”, which […]

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