Forex Strategies

Daily FX Wrap and Strategy

The NZD has severely underperformed its peers over thepast 24-hours. It now sits almost 2% lower relative to theUSD, at 0.7920.

EUR/USD: The pair headed lower and is testing below the double low from last year around 1.2750.

The U.S. 10‐year is lower, back down to 2.55% and equities are flat but the USD is moving rapidly higher,

Today’s highlights: EURUSD has fallen to test our core target zone at 1.2787/55.

The NZD saw a mild bounce, as commodity currenciesrose off the lows they had made in the week’s first half.

Limited movement among most of the G10 curren-cies points to an ongoing assessment of the outlook for global growth and relative monetary policy,

Today’s highlights: EURGBP stages a bearish “outside day” to leave the spotlight on our core bear target zone at .7800/.7755.

The NZD led the commodity-linked pack lower last night,with NZD/USD weaker by 0.6% to 0.8070 this morning.

The USD is weak as we approach the NA session, with early EUR gains driven by improved French confidence data,

Today’s highlights: USDCAD continues to hold trend support to leave the bias higher to

The NZD drifted lower with its commodity-linked brethren(AUD and CAD) overnight, before staging a recovery earlythis morning.

Today’s highlights: EURGBP falls to test our core bear target at .7800/.7790, where we look for a base.