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The Australian Dollar (AUD) saw gains for the second straight day on Wednesday, bolstered by robust economic data and a declining US Dollar. Key factors driving the AUD's performance include: Retail Sales: Australia's Retail Sales jumped by 0.6% in May, significantly above the anticipated 0.2% incre

Nvidia (NVDA) overtook Microsoft (MSFT) on Tuesday to become the world's most valuable company, just two weeks after surpassing Apple (AAPL) for the No. 2 spot. Nvidia's stock price rose by approximately 3.5%, reaching over $135 per share and giving the chipmaker a market capitalization of mo

According to the Australian Bureau of Statistics, real retail sales in the fourth quarter increased by 0.3%, surpassing market expectations of a 0.1% gain. However, quarterly retail turnover barely rose to a seasonally adjusted value of A$98.30 billion, just above the three-year low of A$97.97 billi

In a recent report, European Central Bank President Christine Lagarde and Governing Council member Klaas Knot expressed concerns about the market's aggressive bets on interest rate cuts. They warned against hasty and excessive rate cuts, highlighting the potential risk of reigniting inflationary pre

Reasons for the Shift in Fed Policy Federal Reserve Chairman Powell signaled a rate cut in December last year, despite official forecasts indicating a potential 75 basis point decline in the federal funds rate to 4.5-4.75% by 2024. Market expectations have significantly outpaced official forecasts,

The latest data from the New York Fed's consumer expectations survey show that U.S. consumer inflation expectations in November fell to the lowest level since April 2021. Still, there is a sharp contrast in the market's predictions for the future of the U.S. economy. Median expectations for inflatio

THE previous day sold off after taking out buy side liquidity and this week indicates bearish tendency to fill up the previous week range so if we look into the H4 timeframe we would find a bearish order block from the previous day range which price have just reacted off from so i now positioned my

Price is testing a strong resistance zone and on the other hand it seems that the price is creating a type of expanding pattern with bullish dominance. It is risky because JPY has been very weak and also the monetary policy statement from BOJ is not helping at all. However, it can work out well for

The EUR/USD pair is rising on Wednesday and is back above 1.1000, after erasing Tuesday’s losses. The pair fell from 1.1066 to 1.0963 on Tuesday, only to climb back to the 1.1060 area on Wednesday. The events ahead could add fuel to recent volatility. Overall, it continues to move sideways, wi

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In my previous GbpUsd analysis I draw attention to a falling wedge pattern and the possibility of an upbreak. The pair indeed broke the resistance of the pattern and we had the first leg up. GbpUsd corrected after and confirmed 1.2 as strong support. Yesterday is marked by a strong bullish engulfing

Short Term Elliott Wave View in USDJPY suggests decline from 7.11.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 7.11.2022 high, wave 1 ended at 135.54 and rally in wave 2 ended at 137.46. Pair then extended lower in wave 3 towards 132.48, and rall

Though the tight regulations of the FMA have forced most brokers in New Zealand to drive out of the market (check more regulation detail on the FMA website), the overall licensing and legalities is essential for forex traders. Other brokers have chosen to stay. This is because:- All licensed financi