Forex Strategies

Daily FX Update

Markets are still firmly in risk aversion mode, as the US 10‐year remains at 2.01% and equities are weak.

Today’s highlights: USDJPY’s break below 106.64/55 leaves the immediate bias

Bizarrely, the NZD is the best performing major currencyovernight,

Today’s highlights: USDCAD has broken above 1.1280 keeps us bullish for

Markets have dramatically shifted course over the last week, driving volatility substantially higher,

The NZD rebounded strongly with its peers against theUSD, as the expected date of US policy tightening waspushed out by investors.

Today’s highlights: DXY $ Index below 86.10 maintains a top.

The NZD slid lower along with its peers on Friday in a riskaverse market. NZD/USD posted a 0.7% loss to close at 0.7820.

Markets continue to be volatile with equities weak, bond yields falling, oil off its lows and the USD gaining ground.

EUR/USD: The EURUSD selloff yesterday proved how difficult it is to try and fight the trend.

Today’s highlights: DXY $ Index below 86.10 can maintain a top for

Today’s highlights: DXY $ Index below 85.45 has completed a small top,