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NZD/USD extends losses amid RBNZ’s dovish stance and US-China trade tensions | FXStreet
The New Zealand Dollar (NZD) remains on the defensive against the US Dollar (USD) on Wednesday, extending its losing streak to a seventh consecutive session as investors continue to punish the Kiwi despite a broadly weaker Greenback. The sustained sell-off reflects deepening concerns over New Zealand’s fragile economic outlook following the Reserve Bank of New…
Brent Crude Oil Analysis: Bulls Hold the Line at Key Support
The XBR/USD chart reveals that Brent crude oil is trading near its lowest levels of the year. Several factors are pressuring oil prices:→ China’s uncertain demand outlook: As the world’s largest crude oil importer, any signs of weakening demand weigh heavily on the market.→ A strengthening US dollar: Since Brent is priced in USD, a…
Maine man turns devalued Fiat money to his advantage by paying fine with tons of coins
Government currency debasement steals your wealth and erodes your purchasing power, but there is a situation in which you can use the devaluation of our money to your advantage. If you have to pay a fine and want to make a point. That’s exactly what a Maine man did. When the city of Palermo fined…
AUD/USD Daily Report – ActionForex
Daily Pivots: (S1) 0.6949; (P) 0.6987; (R1) 0.7034; More… Intraday bias in AUD/USD stays neutral at this point, with focus on 0.6943 support. Decisive break there should confirm rejection by 0.7206 key fibonacci resistance. That would set up deeper correction to the whole up trend from 0.5913, and target 38.2% retracement of 0.5913 to 0.7187…
GBPUSD: Elliott wave analysis and forecast for 02.08.24 – 09.08.24 | LiteFinance
2024.08.02 2024.08.02 GBPUSD: Elliott wave analysis and forecast for 02.08.24 – 09.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2586 with a growth target of 1.3250 – 1.3740. A buy signal: after the level of 1.2586 is broken to…
