Forex Strategies

Daily FX Update

The USD is mixed into the open as yesterday’s massive profit taking has eased.

Today’s highlights: EURUSD continues to hold medium-term range support,

The NZD has strengthened along with all of its peers, relative to a weak USD overnight.

Risk aversion is rising, as global growth fears (ex U.S.) escalate and oil prices fall to fresh 5 year lows.

Today’s highlights: USDCAD’s break above 1.1468/77 keeps the immediate trend higher to

EUR/USD: We still see more downside potential but need to

The NZD has been the worst performer amongst its peers over the past 24-hours.

Today’s highlights: NZDUSD below .7693/60 should confirm a large top to

Markets are off to a difficult start this week, the combination of disappointing trade data from China,

The NZD weakened against the USD, along with all of its peers on Friday night.

Sentiment is USD bullish. Traders maintained their large $49bn net position,

Markets are entering the last trading session of the week with a strong USD,