Analysis

NZD/USD Hits Seven-Week Low Amid Ongoing Sell-off and RBNZ Rate Cuts

NZD/USD Hits Seven-Week Low Amid Ongoing Sell-off and RBNZ Rate Cuts

The NZD/USD pair has dropped to a seven-week low, touching 0.6091, as the sell-off that started on 1 October continues to intensify. The New Zealand dollar's weakness is largely attributed to the Reserve Bank of New Zealand's (RBNZ) recent decisions to lower interest rates in response to decreasing inflation pressures.
RoboForex | 216日前
Gold Prices Plunge on Fed’s Hawkish Prospect

Gold Prices Plunge on Fed’s Hawkish Prospect

In commodities, gold faced heavy selling pressure, dropping to a two-week low. The prospect of a more hawkish Fed, which favours a stronger dollar, is weighing on gold prices. Oil prices also took a hit, driven by an unexpected 10.9 million-barrel build in U.S. crude inventories. Additionally, soft holiday data from China added to the negative sentiment surrounding oil prices.
PU Prime | 216日前
Daily Global Market Update

Daily Global Market Update

Mixed market signals: Bitcoin up slightly, Meta up, AUD & Gold down. Gold prices tumble on rate cut worries. Crypto.com sues SEC. Watch UK bond auction, German exports, and US oil data.
Moneta Markets | 216日前
EUR/USD Hovers at Seven-Week Low Amid Adjusted Fed Rate Expectations

EUR/USD Hovers at Seven-Week Low Amid Adjusted Fed Rate Expectations

As of Tuesday, EUR/USD remains near a seven-week low, with the pair currently hovering around the 1.0984 mark as it attempts to stabilise. Market focus is intensely on the Federal Reserve's interest rate trajectory following last week's robust employment report, which prompted investors to recalibrate their expectations for future rate cuts.
RoboForex | 217日前
Daily Global Market Update

Daily Global Market Update

Gold, euro, and pound experienced downward movements. Bitcoin rose. US stocks fell due to rising Treasury yields. Global cryptocurrency adoption is increasing. Super Micro Computer announced increased graphics processor shipments and new liquid cooling products.
Moneta Markets | 217日前
Weekly Technical Outlook – USDJPY, NZDUSD, Oil

Weekly Technical Outlook – USDJPY, NZDUSD, Oil

USDJPY flirts with August’s high after NFP boost; US CPI figures awaited; NZDUSD takes a breather after freefall; RBNZ to deliver a double rate cut; WTI oil futures back on the rise as geopolitics worsen; next resistance at 77.16
XM Group | 217日前
Dollar stands tall after robust jobs report

Dollar stands tall after robust jobs report

Strong US data dent chances of a 50bps Fed rate cut; Plethora of Fed speakers on the wires today; Dollar enjoys strong gains, stocks rally unexpectedly; Oil pushes higher as gold’s retreat continues
XM Group | 218日前