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Trading Ideas: NZD


NZD ???? Hi there! Today is a ‘sad’ day for all you ‘Kiwi lovers’ ????
Here’s why.. RBNZ ⬇️
  • The Assistant Governor McDermott stated that the Kiwi is at an ‘uncomfortable level’.
AUD ⬇️
  • NZD’s major trading partner, the Aussie, is also weighted this week after the market's decision of focusing on the fact that a higher AUD could also be problematic.
Technical Structure ⬇️
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Aaamira avatar
Aaamira 12 June

always informative blogs with beautiful pics! hope to read more soon!

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All eyes on the Fed!


The GBP was the strongest currency of the day, as the Brexit uncertainty factor slowly fades away.. Although, all eyes seem to be on the FOMC Statement, later today. Honestly, I do not think that this will be an event, since it won’t even be complemented with a press conference. Friday’s NFP should be more volatile.

Economic Calendar - Feb 2:

Tomorrow might be a big day for the Pound!
@ 12PM we have the Official Bank Rate decision, which is expected to remain the same (0.25%).
@ 12:30PM Bo…
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London Morning Call


- Overnight: Commodity currencies benefited from better than expected Chinese data.
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JPY pares some of its weekly gains


  • Overnight: After a stellar week for the Japanese Yen we are finally seeing a mild break, with the JPY crosses paring some of its gains across the board.
  • Elsewhere, commodity-linked currencies took advantage of an overnight WTI crude rally.
This article originally appeared at The F in Finance.

Follow me on Twitter: @thefinfinance
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FX Fundamentals Update

USD: The Buck is, fundamentally, the strongest currency. However, global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.
More recently, dovish FOMC Minutes gave investors a fresh reason to short the Greenback.
Current Sentiment: Neutral
Recent News: ⬇️ (Dovish FOMC Minutes)
EUR: The Euro is a weak currency, at the moment, with the ECB trying everything in its power to lower its exchange rate. Global turmoil, however, might keep the s…
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JPY continues to rally after Dovish FOMC minutes


Overnight:
After yesterday’s dovish FOMC Minutes, where several member argued against a rate hike in April, the Japanese Yen continued to appreciate.
Elsewhere, commodity linked currencies held on to its gains following the oil surge seen during the New York session.
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FX Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD

USD: The Buck is, fundamentally, the strongest currency. However, the global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.EUR: The Euro should be a weak currency at the moment, with the ECB trying everything in its power to lower its exchange rate. Global turmoil, however, might keep the single currency rallying on safe-haven flows.GBP: The Pound is not as bad as it seems, at least by comparison, with the BoE members constantly statin…
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Mixed data out of the US: NFP up; AHE down

  • Investors however, seem to be focussing on the strong job growth, with the EURUSD plunging nearly 60pips.
  • The pair quickly reversed and now broke the very round 1.10$.
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Are #Investors secretly hoping for poor US data?

  • Expectations:
The Non-Farm Payrolls is expected to come higher (195K) than the previous (151K). A print above 245K would be considered high; bellow 70K would put downward pressure on the Buck.
Average Hourly Earnings are expected to shrink to 0.2% from 0.5%. A read above 0.5% would be considered high; bellow 0.0% low.
[list][/list]…
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EUROstoxx50 slightly higher; Oil finds support at 34.50$

– London Open: EUROstoxx50 started the session in the green.
– Crude Oil found support around 34.50$.
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