"Buy low and sell high" is the essence of the market cycle. While the market forming its trends, it will not move up and down in a straight line. Instead, the market sometimes adjusts price in the direction that is contrary to established trends. For traders, the goal is to seize the low points form

Reserve Bank of Australia Governor Philip Lowe is appearing in front of the Parliament's House of Representatives' Standing Committee on Economics says its possible the cash rate will be 0.25% for the next 5 years hopes it will not be that low for that long but its possible its possible the cash ra

Daily Pivots: (S1) 0.8975; (P) 0.8992; (R1) 0.9014; EUR/GBP is still extending the consolidation from 0.9175 and intraday bias remains neutral. On the upside, break of 0.9175 will resume larger rise from 0.8670, towards 0.9499 high). However, break of 0.8930 support will also come with firm break of

The Guardian explains that New Zealand is not yet looking at a level 4 lockdown because the rising number of Covid-19 cases are all related to a single cluster, the health minister has said. Chris Hipkins told Radio NZ that more than one cluster would have to be circulating for the country to rise

GBP/USD stayed in consolidation below 1.3185 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rally is expected with 1.2982 support intact. On the upside, break of 1.3185 will extend the rally from 1.1409 to 100% projection of 1.1409 to 1.2647 from 1.2065 at

NZD/USD fails to stretch the bounce off 0.6536 beyond 0.6555, stays pressured near one-month low. New Zealand’s Business NZ PMI grew from 56.3 to 58.8 in July. The rise in US treasury yields joins Sino-American tussle and coronavirus woes in New Zealand to weigh on the quote. China Industrial Produc