The Reserve bank of New Zealand holds a meeting on Wednesday at 3:00 MT time.
Daily Market Analysis
The poor labor data in combination with technicals pointing to the overbought area, GBP/USD has all chances to pullback down.
What's the upside target for gold now? Read the article and set your levels for the previous metal.
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
Will USD/JPY make upswings following the resistance levels already met in 2020?
Will the weakness of the USD let the AUD take advantage of it?
Saxo Bank forecasts EUR/USD at 1.1600. Credit Agricole believes the USD will strengthen in the coming months.
Generally, gold has been going down since August. Will it cross the November lows and revert to the upside?
Financial giants such as JPMorgan and Goldman Sachs anticipate crude oil to skyrocket as high as $100 as the global economy rebounds.
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
The US stock market was closed on Monday for Presidents Day, but February is still on track to be the strongest month for the major Wall Street indices since November.