Blackwell Global

Key Points: We could be approaching a near-term peak for the NZD. The technical bias is suggesting that a reversal is warranted. Losses likely to be capped at the 0.7053 handle. The kiwi dollar may...

Key Points: Oil’s technicals are looking rather grim. The commodity seems to be shrugging off fundamental developments. The $45 handle could now be in the crosshairs for the bulls. Oil prices...

Key Points: Near-term upsides could be a set up for a long-term decline. Price action seems to indicate that a long-term double top is in place. Fundamental view is in line with the technical...

Key Points: The pair has reached a very robust level of support. Upsides will be tangible but not as pronounced as last time’s reversal. Keep an eye on the RBNZ’s report, due...

Key Points: Fed likely to be monitoring the PCE Deflator results closely. June rate hike still possible but caution is likely. Failure to tighten monetary policy likely to lead to a greenback...

Key Points: A bullish Kiwi Dollar could continue to rally in the week to come. The technical bias has shifted to bullish. The RBNZ is worth keeping an eye on. The NZD/USD was one of the winners of...

Key Points: Cable has a torrid session on Friday following GDP shock. UK Preliminary GDP surprises market at 0.2% (0.3% exp). Watch for continued bearish activity in the week ahead. The cable was...

Key Points: Long-term wedge likely to put pressure on the pair moving forward. A number of technical readings are shifting their bias to bearish. An unclear fundamental forecast might see heightened...

Key Points: U.S. worker productivity continues to decline. There are limits to GDP growth through debt. 3.00% economic growth unlikely to be reached in the near term. The current American political...

Key Points: A reversal is looking likely from a technical perspective. The bullish trend could extend moving ahead but resistance is in place at 1.3554 Downside risks mitigated by the 100 day EMA and...

Key Points: An Elliot wave could spell near-term losses for the EUR. A number of technical readings are now bearish. Medium to long-term bias remains bullish. The Euro’s most recent...

Key Points: China’s sovereign debt rating downgraded. Rising risks of an FX intervention from the PBOC. Watch for continual yuan depreciation in the weeks ahead. The last 24 hours have been a...

Key Points: Silver prices could be about to hit a near-term peak. Overarching technical bias remains rather bearish despite the recent rally. We could sink back below the 17.000 handle during the...

Key Points: NZD/USD reaches key reversal point and declining trend line. 0.70 handle represents a critical inflexion point. Watch for a pullback towards the 69 cent handle in the coming days. The Kiwi...

Key Points: The recent oil rally seems to be running out of steam. Technical bias is firmly favouring a reversal. OPEC meeting is drawing nearer which could see heightened volatility. We have seen oil...

Key Points: Australian unemployment rate declines to 5.7%. Part time employment numbers rising. Watch for the RBA to hold rates steady at the next meeting. The latest release of Australian...