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Tuesday, April 22, 2025

American Market Recap: NZDUSD corrects lower after reaching 2025 high but work to do to give sellers more control

NZDUSD corrects lower after reaching 2025 high but work to do to give sellers more control

The NZDUSD pushed to a new high today—its highest level since November 2024 —before stalling near a key swing area between 0.6031 and 0.6045 , which also includes the 61.8% retracement of the decline... 

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The gold reversal will be tested in Asian trading

Gold has been on a record run for the past two weeks and touched a record $3500 in Asian trading today. The big figure was evidently a cue for some bulls to take profits and that's been the trend in U... 

Goldman Sachs: Bullish GBP/USD but cautious on GBP vs. European FX

Goldman Sachs maintains a constructive view on GBP/USD , citing UK resilience to US trade shocks and European FX strength. However, they advise caution on Sterling relative to other European currencie... 

Crude oil futures settled $64.31

The price of WTI crude oil futures for May delivery is settling at $64.31. That is up $1.23 or 1.95% on the day. The gains were helped by U.S. Treasury sanctions being imposed on Iranian LPG magnate S... 

The market is hungry for good news

The US dollar continues to recoup some of yesterday's losses. It's coming with strength in stocks and some light bids in bonds. The euro rose to as high as 1.1573 yesterday but it's sagged to 1.1429 t... 

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FX option expiries for 22 April 10am New York cut

At this point in time, the impact of the expiries is still very much undermined by other key drivers of trading sentiment. The broader market mood and risk flows will continue to do most of the talkin... 

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