Forex Strategies

Daily FX Wrap and Strategy

The NZD has seen a whippy 24 hours, but overall has sunkin line with the majors against the USD.

EUR/USD: We would like to sell closer to 1.2550, but struggle to see

Today’s highlights: AUDUSD has resumed its core bear trend and

The NZD took its cues from a hard-hit AUD overnight.NZD/USD is 1.2% weaker at 0.7720.

The USD is strong with several currencies trading to new lows, the U.S. 10year is up to 2.36%,

Today’s highlights: USDCAD above 1.1386 keeps the trend bullish for 1.1506 next,

The NZD has pulled back from the brink, steadying on a broader USD sell-off as well as a relatively stable dairy auction.

Entering the Na session; oil prices are lower, the USD is mixed, U.S. 10‐year yields are at 2.31% and

EUR/USD: We still prefer to be short but will stay flexible and fade a 40-50 pip move in

The NZD sits toward the bottom end of the G10 leader-board vs the USD,

U.S. equity markets closed October on a new monthly high; however a lack of upside momentum in

EUR/USD: was rather wild for a change in Asia but has since reversed to trade only 25 pips lower than Friday’s close into the European open.