Forex Strategies

FX Daily Majors

Today’s highlights: EURUSD ideally remains capped by the falling 21-day average

NZD is off its overnight highs, but remains 0.2% higher for the day against the USD at 0.7780.

Oil is weak, as WTI falls back below $67, on conflicting headlines from Saudi;

Today’s highlights: USDJPY spotlight stays on our core 120.00/10 target,

The NZD remains under pressure, though not thanks to any fresh news.

The focus into the open is the significant USD rally that has driven most majors to fresh lows;

EUR/USD: Traded very heavy yesterday even without any data or news and is now close to the year-low.

Today’s highlights: EURUSD spotlight stays on the 1.2359/58 range lows.

The NZD has been one of the worst performers against a broadly stronger USD overnight.

Markets are mixed into the open with higher equity markets, lower bond yields and a generally strong USD.

EUR/USD: Is unlikely to move much ahead of the ECB decision on Thursday and US payrolls on Friday.

Today’s highlights: USDJPY’s risk stays topside while still holding above the near-term uptrend,