March 2019

The Reserve Bank of Australia made a major shift in policy in February by signalling that a rate cut was just as likely as a rate hike, abandoning its long-held tightening bias. However, investors have gone a step further and are pricing a…

While the Brexit drama continues to keep investors busy in Europe, holding the euro and the pound in check, the Eurozone preliminary inflation readings for the month of March are expected to steal attention on Monday at 9:00 GMT. Consensus…

Bond markets will remain on edge in the coming week as the Reserve Bank of Australia could become the next central bank to switch to a dovish stance and possibly amplify the flight to safety, which has sent sovereign bond yields plummeting.…

USD/CHF is advancing after it found a strong rebound on the 23.6% Fibonacci retracement level of the upleg from 0.9185 to 1.0130 around the 0.9900 psychological level. Technically, the red Tenkan-sen line is pointing downwards, indicating a…

USD/JPY is declining for the second day after a failing attempt on Tuesday to recover above the 61.8% Fibonacci of the downleg from 114.54 to 104.64 and the January uptrend line. Technically, the bearish sentiment could grow further in the…

EUR/JPY is trading slightly lower in the 4-hour chart on Wednesday after finding resistance at the 125.00 psychological level, which is currently near the upper Bollinger Band. Moreover, the pair is trading below the 20- and 40-simple…

AUD/USD has been consolidating within the Ichimoku cloud since the price found strong support at the 0.7000 psychological level. The neutral picture in the short-term could last for longer if the bulls find hard to break above the upper…

NZD/USD plunged by 1.5% and straight to a two-week low of 0.6792 early on Wednesday after an attempt to reach resistance around its previous peak of 0.6940. The October uptrend line drawn from the 32-month low of 0.6423 seems to be acting…

The Reserve Bank of New Zealand (RBNZ) is holding its policy meeting on Wednesday at 1:00 GMT but once again policymakers are widely expected to stay on the sidelines over increasing evidence that a global growth slowdown may be in…