AUD/NZD takes out key level; 1.1660 next

AUD/NZD has taken out the key resistance level at 1.13 this morning and stops in size have been triggered all the way up to 1.1350 The pair will likely encounter resistance at 1.15 …
0 Comments Read more →

Global Markets – Bunds rally, APAC equities down

The German 10 year yield dropped more than 20bps at the open and currently stands at 0.74 Friday close was at 0.917 Asian equity indices are a sea of red; the Nikkei has closed 3 % …
0 Comments Read more →

Goldman Sachs lowers NZD/USD forecasts

A deeper and sooner rate cutting cycle as growth slows Last week we changed our view that the RBNZ would cut interest rates 50bps by calendar year end to a forecast of 100bps of ea …
0 Comments Read more →

EUR: Extreme care is warranted ahead of major risk events

One huge consequence of the SNB debacle in January has been the change in how the FX market reacts to major risk events. Banks are no longer prepared to guarantee liquidity and if …
0 Comments Read more →

XAU/USD – Keep an eye on possible bullish divergence set-up

Bullish RSI divergence on hourlies Also, Silver has posted a lower low while Gold hasn’t Gold-Silver divergence usually a reliable signal Keep an eye on price action for a possib …
0 Comments Read more →

AUD/NZD – Heavy resistance ahead

1.13 is a very significant resistance level in AUD/NZD It is the double top of 2014 and the pair hasn’t traded above 1.1302 since November 2013 The rally looks overextended and h …
0 Comments Read more →

FX Weekly Wrap & News Summary

From Societe Generale: G10 UK wage inflation and New Zealand GDP stole the show this week, while the euro hardly moved against the dollar despite the Greek debt impasse. Sterling p …
0 Comments Read more →

CFTC Positioning Data – Specs cut EUR shorts

  EUR net short 89K vs. short 138K prior JPY net short  80K vs. short 116K prior GBP net short 25K vs. short 28K prior AUD net  short 4K vs short 14K prior CAD net short …
0 Comments Read more →

EUR/USD – Market nervous, but EUR stable so far

The uncertainty around Greece is increasing and the EU is not making any progress They are once again moving from one deadline to another The ECB will decide today on providing Gre …
0 Comments Read more →

Kiwi Dollar trading heavy after weak GDP release overnight

GDP arrived at 0.2 % quarter-on-quarter vs. a forecast of 0.6 % This is adding to the already negative NZD sentiment, which intensified after the RBNZ unexpectedly cut rates last w …
0 Comments Read more →