AUDKIWI taking out 1.1100all via the kiwi leg plenty of stops in thin markets it looks like, no decent techj resistance until 1.1200ishPrevious major weekly lows 1.1185/00 should be respected once panic dies down.
Yes needs to be respected that lvl… looks to me like large unwinding of macro shorts on break of 1.1100
NZD/USD: Sitting right on 61.8% retracement of this year’s .8045/.8835 rally, which comes in at .8345
USD/JPY ended Friday at the highest closing level seen in the 101 sessions since 3rd April 2014
EUR/USD: The 61.8% retracement of 1.2750/1.3990 was at 1.3225. Next support is a weekly low at 1.3100.
EUR/USD ended Friday at the lowest closing level seen since 6th September 2013, 50 weeks earlier
7.0 magnitude earth quake hit Peru. Large copper, zinc & tin producing area
French govt resignation apparently is a process for a govt reshuffle
Germany Ifo business climate 106.3 vs median 107; last 108
DJ – BOJ Mulling using more upbeat language in econ assessment DJ – BOJ sees consumption as uneven, but maintaining its solidness DJ – BOJ believes chances of CPI falling sub-1 % decreasing
Last week’s rally was the biggest weekly gain seen in USD/JPY in the 59 weeks since 5th July 2013
Friday marked the 5th consecutive day of gains for USD/JPY. The sequence of daily rallies has extended to 6 days once since 21st September 2009 (257 weeks ago), the exception coming on 2nd January 2013 (86 weeks ago)
For 13 of the last 15 weeks, USD/JPY has traded at the week’s high after the end of Monday’s session
At Friday’s close, USD/JPY was showing a net loss for 2014 so far of Y1.30 (-1.2%)
Last week’s fall was the biggest weekly drop seen in EUR/USD in the 29 weeks since 31st January 2014
Since November 2012 there have been 25 times when – as last week – EUR/USD has fallen on a Friday by 0.25% or more. Of the 25, none went on to close the Monday that followed with a net loss of more than 0.25%, the equivalent this Monday of 1.3200