Market Overview - Page 124

• NZDUSD reversed from support level 0.6700 • Likely to rise to resistance level 0.6800 NZDUSD recently reversed up from the key support level 0.6700 (previous monthly low from December), strengthened by the lower daily Bollinger Band. The upward reversal.

This corporate earnings season, gaining momentum this week, has so far caused more worries and disappointments than pleasant surprises. Judging by market dynamics, investors are getting rid of shares of pandemic favourites. However, we can’t say yet that they are.

The buying reflex on drawdowns can provide a false start for short-term investors. In the previous two years, markets fell on fears of pandemic effects, but central bankers and governments gave a supporting hand to the economy and pulled the.

• Natural gas reversed from resistance area • Likely to fall to support level 3.525 Natural gas recently reversed down from the resistance area set between the resistance level 4.4, upper daily Bollinger Band and the 50% Fibonacci correction of.

Financial markets rebounded on Thursday after crucial US indices fell about 1% a day earlier. The Nasdaq 100 index closed 1.3% lower and moved into a correction phase, completing more than 10% below the peak. However, this is still a.

Consumer inflation in Britain continues to accelerate, but producer prices show the first signs of cooling. CPI rose to 5.4 y/y in December, with a 0.5% monthly increase after 0.7% in November. Current figures are above 2008 and 2011 peaks.

Gold is trading near $1819 an ounce, unable to take advantage of a spike in geopolitical risks due to an environment of rising interest rates. Two-year US government bond yields have reached 1.06%, pre-pandemic levels. Rising yields on expectations of.

Volatility in the Turkish lira has declined dramatically, finding other hotspots. Risky attempts by the Turkish Central Bank to thwart a speculative attack have paid off, providing respite to the national currency. The dollar has been mainly in a range.

China published mixed economic data noting a slowdown in a year-over-year comparison, but some of the data exceeded expectations. The Chinese renminbi has been on the offensive against the US dollar for the past week, bringing USDCNH back to test.

After nearly a month of strengthening against the dollar, the British pound is encountering strong resistance. Speculative interest in the British currency is shrinking as more hawkish Fed rhetoric is being put into the GBPUSD quotes in recent weeks as.

On Thursday, the Russian ruble lost more than 2% against the dollar and euro, as both sides’ hawkish comments followed the Russia-NATO meeting. In early trading on Friday, the dollar was above 76.6, and the euro was 87.8 on the.

Fundamental and technical factors on the dollar locally give opposite signals. However, after a long period of strengthening the American currency, a corrective DXY pullback looks like a logical short-term prospect. On Wednesday, the US dollar came under pressure, the.