New Zealand Dollar’s Slide Approaches Limits: NZD/USD, EUR/NZD, GBP/NZD Price Setups

The New Zealand dollar undoubtedly looks weak against its peers as the market digests the possibility of NZ rates peaking. However, the NZ currency is running into some pretty tough support that warrants caution in turning excessively bearish.

from DailyFX – Market News https://bit.ly/3qcMHSy
via IFTTT

US Dollar Dithers After Debt Deal Passes House of Reps. Will the Fed Now Drive USD?

The US Dollar struggled for direction on Thursday after the US debt deal passed through the House of Representatives ahead of the next hurdle. The market is now eyeing the Fed for clues.

from DailyFX – Market News https://bit.ly/3IQyFNb
via IFTTT

Making Sense of Japanese Yen’s Recent Slide: Is it the Start of a Renewed Leg Lower?

There are a couple of things that stand out on the charts of the Japanese yen against the US dollar and the closely correlated US Treasury yields recently. Importantly, what does it tell us about the future trend?

from DailyFX – Market News https://bit.ly/42hWynD
via IFTTT

Gold Price Boosted as Treasury Yields Slip Ahead of Debt Ceiling Resolution

The gold price outlook has recovered from a test of support as US interest rates pull back from their run higher with hopes that the debt deal will pass through Congress.

from DailyFX – Market News https://bit.ly/45IbNZO
via IFTTT

S&P 500, Nasdaq 100 Drop on Global Growth Woes and Still-Tight US Labor Market?

The S&P 500 and Nasdaq 100 fell for a second consecutive day as global growth woes and signs of a still-tight US labor market influenced sentiment. Will the S&P break under a Rising Wedge?

from DailyFX – Market News https://ift.tt/r1yUaoS
via IFTTT