MAS

NZDUSD has been trading above and below the 100-day moving average this week but above the 200-day moving average (green line) until the Reserve Bank of New Zealand's interest rate decision mid-week. The central bank cut interest rates by…

While the EURUSD and GBPUSD pair are trading between the 100 and 200 hourly moving averages, the USDCHF pair is also trading between these two moving averages with the last trading day of the week starting. The 100-hour moving average is…

The AUD/USD pair fell to its lowest level since November 2023 on Monday as Japanese stocks tumbled. However, after breaking below the 2024 low at 0.63614, the price only managed to reach 0.6348 before retracing and starting to recover.…

The AUDUSD traded lower this week, testing the swing zone between 0.6575 and 0.6590. The subsequent move to the upside then tested the top of the swing zone between 0.6677 and 0.66896 (see chart below). Staying within the confines of the…

EUR/USD rose yesterday until it reached its 100 and 200 hour moving averages. Sellers took hold of this level and pushed the price lower during the Asian session as buyers came in support against its 100-day moving average (blue line at…

USDJPY fell sharply in the Asian session after breaking below the swing zone at 154.778 and 154.878. The decline saw the price move to and through another target area near 153.99 (we call it 154.00). The low price extended down to 153.595…

(Press Release – Singapore, Singapore, May 2, 2024) MAS-supervised trustee Propane Announces support for Fathom Dollar's FXD, a stablecoin pegged to the US dollar designed to bridge the $5 trillion trade finance gap.…

Chris James, the former Chief Technology Officer of Gold-i, has been appointed as the CTO of Multi Assets Solutions Limited (MAS) Markets (formerly BidX) just a few days after his departure from the trading technology provider. James served…

USDCHF back testing the 100/200 hour MAsEarlier today, the dollar selling took the USDCHF to and through the 100/200 hour MAs which were near converged at the 0.9040 area. That shift back below the MAs, disappointed the buyers from…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange,…