New Zealand Dollar Vulnerable To Pullback In Risk Appetite
Fundamental Outlook for New Zealand Dollar: Bullish
- New Zealand retail sales rose 1.1% in August, doubling...
- FXCM
Friday October 16, 08:23 PM
The crosses present a clear picture of risk aversion. The EURCAD, EURAUD, and EURNZD look constructive while Yen crosses are at risk of slipping lower. The AUDJPY and NZDJPY are especially...
- FXCM
Friday October 16, 07:07 PM
The British pound may face the most event risk compared to the rest of the majors, as the minutes from the Bank of England’s October meeting along with Q3 GDP results for the UK have the impact...
- FXCM
Friday October 16, 05:51 PM
The EUR/USD continues to find support on the back of risk appetite which has pushed the pair to a fresh yearly high of 1.4970. It isn?t a coincidence that the Dow broke above 10,000 on the same day...
- FXCM
Friday October 16, 04:02 PM
Euro / US Dollar
Focus remains on the top of the channel from early July (5th wave channel, more on that below), which is at 1.5023 today. The channeling nature of the EURUSD since July...
- FXCM
Friday October 16, 03:38 PM
Canada’s Consumer Price Index declined 0.9% in September from a year earlier, after falling 0.8% the month prior, and was in line with economic expectations. In detail, the report illustrated...
- FXCM
Friday October 16, 01:44 PM
The Euro slid during Asian trading after a second failed attempt to break above 1.5000 but has regain its footing as positive stock markets have lent support. Solid corporate earnings continue to...
- FXCM
Friday October 16, 12:46 PM
Canada CPI Declines for 4th Month; Swiss Retail Sales Growth Plants Sluggish Growth
Fundamental Headlines
• Euro Zone Posts Trade Deficit – Wall Street Journal
• ECB: Clunker...
- FXCM
Friday October 16, 11:51 AM
The US Dollar has continued to slide lower, with prices poised to test the critical 1.50 level against the Euro. We remain long the greenback against the British Pound, looking for the recent upswing...
- FXCM
Friday October 16, 10:35 AM
Switzerland’s retail sales slipped 1.0% in August amid economists’ expectations of a 0.8% increase from the previous month. The data reinforces sluggish growth for the Swiss economy as...
- FXCM
Friday October 16, 09:52 AM
MORNING SLICES
Fundys – The USD has been finding bids overnight, with the all currencies weakening against the Greenback, even after some managed to post fresh 2009 highs. Both Aussie and Kiwi...
- FXCM
Friday October 16, 09:48 AM
Commodities - Energy
Crude Trades at Highest Levels in a Year, US Dollar Trend Remains in Focus
Crude Oil (WTI) +$77.76 ...
- FXCM
Friday October 16, 07:10 AM
The Euro traded lower against the US Dollar ahead of a report that is expected to show that the Euro Zone trade surplus shrank for the first time since May as the single currency approaches the 1.50...
- FXCM
Friday October 16, 05:27 AM
OPENING COMMENT
While it has been a story of consolidation for most of the major currencies overnight, Sterling, Aussie and Kiwi continue to strengthen against the buck. The pound has been a monster...
- FXCM
Friday October 16, 04:57 AM
Hi everyone,
For today’s presentation I build on yesterday’s Pound related analysis. I take a look at the Pound USD and Pound Yen. I have put together a few conservative trade plans. I...
- FXCM
Friday October 16, 04:41 AM