Noel

The daily RSI and MACD reveal a weaker NZD/JPY, pointing towards bearish momentum. The negative trend is stronger on the hourly chart. Despite short-term bearish inclination, the cross position above main SMAs signifies a bullish sentiment in the longer term. The NZD/JPY is trading at the 91.14 leve

The market’s focus may be on geopolitical issues at the start of this week, but there is a large amount of economic data and more earnings releases to digest in the coming days. Last week was notable for its risk aversion. The S&P 500 fell 1.56% and the Vix index rose to its highest level in fiv

The Japanese yen weakened against other major currencies in the Asian session on Monday, as traders await possible currency intervention by the Japanese authorities to slow the currency decline. Japanese Finance Minister Shunichi Suzuki said, "We are closely monitoring developments and will take all

In its latest economic assessment of the Chinese economy, Fitch Ratings revised China’s outlook to ‘Negative’ while affirming its sovereign credit rating at ‘A+’. Additional takeaways Outlook revision reflects increasing risks to China's public finance outlook. Forecast general government deficit in

EUR/USD could move downward to retesting the nine-day EMA at 1.0822. Lagging indicators suggest that the bearish stance holds strong. The psychological level of 1.0800 appears as the key support region. EUR/USD snaps its four-day winning streak, declining to near 1.0830 during the early European hou

European stocks may open on a positive note Monday after U.S. markets posted strong gains on Friday amid optimism that the economy remains healthy. Easing geopolitical tensions in the Middle East may also help underpin investor sentiment after Israel's military said that it was reducing its numbers