New Zealand GDT price index -2.4%

Latest dairy auction results Globaldairytrade average $3223/MT Milk powder prices index -2.7% Worst result in months for New Zealand dairy. That’s a negative for the kiwi but NZD/USD is about 20 pips above the lows of the day as the market takes it all in

What would a collapse of fiat currency look like?

Let’s say the hardcore cryptocurrency advocates are 100% right. Ok, let’s say the hardcore cryptocurrency advocates are 100% right. That crypto is the future and that fiat money is worthless. The question I have is: How do we get there. How will I know it’s happened? For one, my bank account wouldn’t change. If I […]

EUR/USD Clings to Bearish Sequence Ahead of ECB Meeting Minutes

Talking Points: — EUR/USD Clings to Bearish Sequence Ahead of ECB Meeting Minutes. — AUD/USD Continues to Search for Support as RBA Sticks to Wait-and-See Approach. — Sign Up for the DailyFX Trading Webinarsfor an opportunity to discuss potential trade setups. EUR/USD bounces back from a fresh weekly-low 1.1730, but the lack of momentum to […]

Daily analysis of GBP/JPY for October 03, 2017

Overview The GBP/JPY pair faced sudden negative pressure yesterday that forced it to form some correctional trading and test 50% Fibonacci correction level at 149.10. The stability of the current level confirms forming solid support against the negative fluctuations. So, we still suggest the bullish bias with the target levels of 152.80 followed by 155.20. […]

Daily analysis of Gold for October 03, 2017

Overview Gold price continues to decline. The metal is heading for the projected target at $1,263.15. Let me remind you that this level represents 61.8% Fibonacci correction for the rise from $1,204.81 to $1,235.73. I’d like to stress the importance of this level for the short-term trading. Indeed, breaking this level will extend price losses […]

GBP/USD analysis for October 03, 2017

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3229. According to the 30M time-frame, I found a fake pullback into the yesterday’s trading range, which is a sign of weakness. There is also a breakout of intraday upward trendline, which is another sign of weakness. My […]