Nzd usd

[winner69]

Overnight a Mild PCE Deflator was good news for the Fed …… and core durable goods orders posts a big positive surprise and could be bottoming.

[beacon]

Overnight a Mild PCE Deflator was good news for the Fed ……

Agree, Core PCE gone below the 2% psychological threshold (1.9% annualized over 6 months). Calls for FFR cuts got louder. They want cuts beginning from May 24, no later now.
USD and DXY weakness to persist in 2024
https://www.tradingview.com/symbols/TVC-DXY/

[winner69]

Hey beacon …it’s .634 at mo

When is it going to stop going up ?

[beacon]

Hey beacon …it’s .634 at mo

When is it going to stop going up ?

Lol! Hope you bought some Winner69.
Have a happy New Year

[winner69]

U.S. Dollar Index DXY forms its first Death Cross in the last 12 months

[winner69]

Corn price collapsing while cocoa prices are 50 year high

[beacon]

U.S. Dollar Index DXY forms its first Death Cross in the last 12 months

Death Cross Formation:

• When the 50-day moving average falls below the 200-day moving average, it creates the Death Cross pattern on a price chart.
• This pattern is often seen as a bearish signal, indicating that the stock’s price momentum has weakened.

Historical Significance:


Some investors believe the Death Cross predicts severe bear markets, citing examples from history such as 1929, 1938, 1974, and 2008.
But focusing only on bear-market years ignores numerous instances when the Death Cross signaled minor corrections rather than major downturns.


Returns After a Death Cross:


Contrary to its ominous name, the Death Cross has been followed by above-average short-term returns in recent years.
For instance, the S&P 500 index was higher a year after the Death Cross about two-thirds of the time, with an average gain of 6.3% during that period.
Over shorter time frames, the Nasdaq Composite index showed even more appealing returns after a Death Cross: approximately 2.6% in one month, 7.2% in three months, and 12.4% in six months.
https://www.investopedia.com/terms/d/deathcross.asp

[beacon]

Hey beacon …it’s .634 at mo

When is it going to stop going up ?

Looks like you got your wish in the New Year, Winner69. Slipped through 62c a few times now, before quickly bouncing back up. Some think NZD'll linger down there awhile, before resuming its uptrend. Let's see...

NZ dollar looks set for deeper short-term correction
https://businessdesk.co.nz/article/e...paign=nzh-home