News

Japan finance minister Kato headline crossing:

• Not appropriate to lower consumption tax

CME FedWatch Tool Suggests >95% Expect no Fed Rate Cut; Gold Makes Record New York Close; China Cuts Key Rate; INR Affected Little by Indian Strike in Pakistan; Bitcoin Invalidates Resistance Above $95k, Paves Way for Move Higher?

Introduction to NZD/USD The NZD USD, commonly known as the “Kiwi,” represents the exchange rate between the New Zealand Dollar and the US Dollar. Traders closely monitor this currency pair due to New Zealand’s significant commodity exports and the USD’s role as the global reserve currency. Movements in NZD/USD provide critical insights into market sentiment […]

The post NZD/USD Daily Analysis: Bulls Attempt to Retake Control appeared first on UnitedPips Ltd.

Westpac CEO says the ‘Worst is behind us’ across consumer and business stress

also:

• Finance demand for M&A pipeline is stronger than expected

I'm not sure what precipitated these remarks. Oh, here we go - at the Macquarie Australia conference.

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ps. WPAC are tipping a 25bp cut from the Reserve Bank of Australia at the next meeting (May 19 and 20):

• "Lock it in: RBA to cut 25bps in May" - Westpac forecast for the Reserve Bank of Australia

NAB says 50 bp cut

• ICYMI - National Australia Bank (NAB) revised its year-end AUD/USD forecast higher to 0.70

Australia's big four banks, from L to R in the pic:

• ANZ
• NAB
• CBA
• Westpac

S&P 500 Technical Analysis Signals Possible Reversal The US500, commonly referred to as the S&P 500, is a key equity market index representing the performance of the top 500 publicly traded companies in the U.S. economy, making it a crucial indicator for investors worldwide. Fundamentally, today’s market movements will be significantly influenced by critical U.S. […]

The post US500 Price Action Faces Key Resistance appeared first on Capitalcore LLC.

The Dow Jones Industrial Average (DJIA) rallied over 600 points, or over 1.65%, on Friday following a solid US jobs report that brushed aside fears that the largest economy in the world is tied into a recession.

The EUR/USD pair softens to around 1.1290 during the early Asian session on Friday. The US Dollar (USD) edges higher against the Euro (EUR) amid optimism about a de-escalation in the global trade conflict. All eyes will be on the US April Nonfarm Payrolls (NFP) report, which is due later on Friday. 

The EUR/USD pair trades with mild losses near 1.1325 during the early Asian session on Thursday, pressured by renewed US Dollar (USD) demand. The US Dollar Index (DXY) advanced further and reached two-day highs around 99.70.

Daily Pivots: (S1) 1.1358; (P) 1.1391; (R1) 1.1454; More… Intraday bias in EUR/USD stays neutral for the moment. On the downside, break of 1.1306 will extend the correction from 1.1572. But strong support should be seen from 38.2% retracement of 1.0176 to 1.1572 at 1.1039 to contain downside. On the upside, break of 1.1572 will […]

The post EUR/USD Mid-Day Outlook appeared first on Action Forex.

XRP surged 6% after SEC approval of ProShares XRP Futures ETFs, boosted by a bullish falling wedge breakout signaling a potential move toward $4.