Forex Strategies

Daily FX Wrap and Strategy

The NZD has been the strongest performer over the past 24-hours.

Today’s highlights: US$ TWI has achieved our 94.4/95.1 first core bull target and

The NZD has outperformed over the past 24-hours. The NZD/USD trades at 0.7800 this morning.

EUR/USD: was muted overnight and could have a slow day with the US out.

Today’s highlights: US$ TWI has achieved our 94.4/95.1 first core target

It has been a relatively quiet 24-hours of trading for the NZD/USD.

Risk aversion has been dampened, equities are strong, the U.S. 10year is stable at 2.29% and the USD is soft.

EUR/USD: had a short squeeze at the Europe open and went as high as 1.2490 on dollar selling across the board.

Today’s highlights: USDJPY is expected to retrace lower prior to the uptrend resuming,

The NZD/USD closed the week higher, at 0.7750, after theUSD weakened in response to the US labour market report.

Markets are trading in tight ranges leading into the release of U.S. nonfarm payrolls and the weekend.

Today’s highlights: DXY $ Index maintains its strong rally and