Forex Strategies

Daily FX Wrap and Strategy

The NZD/USD trades at a similar level to yesterday morning, around 0.7860.

Markets are reacting to disappointing PMIs across Europe and in China, driving fears of a challenged global growth outlook.

EUR/USD: EURUSD provided a great selling opportunity just above the month-high and has now reversed to yesterday’s open.

Today’s highlights: EURJPY continues to surge dramatically higher and

Another record close in U.S. equities yesterdays combined with the release of U.S. TIC flows,

Today’s highlights: EURUSD spotlight stays on the 1.2578 barrier,

EUR/USD yesterday reversed the sell-off we saw in Europe on Monday,

The NZD/USD sits at 0.7940, having fallen from intra-night highs above 0.7970.

Entering the NA trading session, the USD is weak, with many other markets relatively quiet.

Today’s highlights: EURJPY is vulnerable to a snap back correction,

EUR/USD: We have squared longs and will be looking for levels to enter shorts.

The NZD/USD sits slightly higher, around 0.7930, thismorning.