Aussie Dollar breaks through two year price lows

The Aussie dollar has been dropping on the back of global volatility and a lower-than-expected interest rate hike. The AUD has dropped to its two-year lows, and it doesn’t look there is an end in sight. With the AUD already being a risk on currency the fears and pressures from a potential recession are weighing heavily and accelerating the drop. ...

October 11, 2022
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Aussie Dollar breaks through two year lows

The Aussie dollar has been dropping on the back of global volatility and a lower-than-expected interest rate hike. The AUD has dropped to its two-year lows, and it doesn’t look there is an end in sight. With the AUD already being a risk on currency the fears and pressures from a potential recession are weighing heavily and accelerating the drop. ...

October 11, 2022
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Gold Price rises to monthly high, but will it last?

Gold has finally seen some respite in its price after it fell to 12-month lows. With slowing growth forecasts being a key reason as to the drop in price. Recessionary fears can sometimes be good for the price as volatility draws money to gold as it is seen as a haven. However, with the USD being so strong and investors pulling their money away from...

October 7, 2022
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GO Markets Announced as Kooyong Classic 2023 Partner

FRITZ, CILIC JOIN ALCARAZ AND DE MINAUR AT CARE A2+ KOOYONG CLASSIC GO MARKETS ANNOUNCED AS NEW PARTNER Top-ranked American Taylor Fritz and former US Open Champion Marin Cilic are the latest headline acts for the Care A2+ Kooyong Classic in 2023, with Australian-owned online brokerage, GO Markets also announced as a new tournament partner. Fr...

October 7, 2022
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Technical Analysis – Retracement for US Dollar

Starting from the weekly timeframe, US Dollar Index has been consistently trending upwards for the last 16 months. Using the 9 exponential moving average (EMA) on the weekly time frame, we can see the US Dollar retracing back to the EMA, bouncing off of it, then continuing with the trend, as seen below: Looking at the structure of the uptren...

October 7, 2022
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EURAUD testing mean of long-term range

The EURAUD buoyed by a weaker Australian Dollar lighter lighter monetary policy from the Reserve Bank of Australia, (RBA) has seen the currency pair move with some momentum in recent days and weeks. The RBA came out in its most recent meeting and raised rates by an unexpectedly low 25 bps vs 50 bps. This helped equities and housing stability but pu...

October 6, 2022
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China Yuan’s Falls to Record lows

I have recently written a piece on the weakening of the Great British Pound (GBP) just the other day, as it looks like the dollar seems to be king at present and getting stronger against all other top currencies around the world. Today is the Chinese Yuan in focus, yesterday was the Sterling pound, who’s your money on tomorrow? We will have t...

October 4, 2022
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When will the AUD find support?

The AUD has fallen to lows not since the beginning of the Covid 19 pandemic and does not look like stopping anytime soon. With global commodity prices coming down and fears of a recession causing panic sell offs the AUD has been victim to a two-fold attack. The general recession fears push growth assets including the Australian dollar downward as i...

September 27, 2022
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Why has the GBP Collapsed to record lows?

It hasn’t been a good Monday morning for some investors or English travelers who wish to sell the GBP to go abroad, as the Sterling Pound has collapsed to record lows to bring almost perfect parity with the U.S Dollar at 1 GBP equals $1.09. Sterling fell to the lowest level in 37 years, trading below the $1.09 following the rate increase. ...

September 27, 2022
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GO Markets wins in the Global Forex Awards – Retail

GO Markets has won three awards in this year’s Global Forex Awards;  Best Forex Fintech Broker - Global Best Forex Trading Support - Asia  Most Trusted Broker - Europe The Global Forex Awards recognise forex and related businesses from around the world, “who are pushing the boundaries of innovation in retail forex trading solution...

September 27, 2022
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USDJPY showing signs of another breakout

The USDJPY has been one of the strongest performing currency pairs since the beginning of the year. With geopolitical volatility and record high inflation rates impacting the global economy, the strength of the USD has just continued to be on show. On the contrary, the JPY has been pillaged from pillar to post as the Bank of Japan has refused to ch...

September 20, 2022
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NZDJPY showing a potential buy?

    The NZDJPY like most currencies against the JPY has been in a strong uptrend for over 2 years. With the Central Bank of Japan remaining dovish in its monetary policy the currency has taken a beating against most other currencies and as other Central Banks have acted against rising inflation. The NZD has been able to take adva...

September 15, 2022
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Will the CHF/JPY reach 150?

The CHF has moved almost parabolically against the JPY and is almost touching 150, which would mark a 40 year first. With the Bank of Japan indicating its need to maintain current interest rate levels which are already among the lowest in the western world, the currency has been severely weakened. Statement that has come from some of its members...

September 13, 2022
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Brent testing critical level again

  Brent Crude oil much like many other commodities has seen its value drop on the back of a strong US dollar and weaker demand forecasts. With the tail wind of the Russia and Ukraine crisis fading, Brent has struggled to maintain its highs of $125 a barrel in the last few months. In addition, the price has dropped to the point where it is r...

September 2, 2022
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Opportunities await trading the JPY

With central banks aggressively hiking interest rates to combat inflation, one specific country stands alone in maintaining a dovish stance. The country is Japan, and the consequence of the Central Bank of Japan’s ultra-dovish policy has been a massive weakening of its currency. Against almost all other currencies the JPY has been depreciating ag...

August 31, 2022
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