Forex Strategies

Daily FX Wrap and Strategy

The NZD lost ground against the USD on Friday night along with all its peers, weakening by 0.3% to 0.8130.

EURUSD: Go short around the overnight high of 1.2931 and add ahead of 1.2975 with a close stop above 1.3000.

The market continues to digest this week’s events. Into today’s open the USD is strong,

Today’s highlights: EURGBP continues its decline and we stay bearish here for

After yesterday morning’s post-US FOMC volatility theNZD/USD soon stabilised.

Markets are still digesting yesterday’s Fed release, with equities stronger, the US 10year at 2.61 and the USD mixed leading into the open.

Today’s highlights: USDJPY has surged higher and we stay bullish for 109.31, ahead of 110.67/111.60.

The NZD/USD sits lower this morning, at 0.8120, afterdrifting downward overnight and suffering post-US FOMCvolatility.

Today’s highlights: GBPUSD stages a “bullish” outside” reversal,

The NZD/USD gapped higher in the earlier hours of thismorning to above 0.8220, before returning to sit at 0.8200.

EUR/USD: found strong demand around 1.2900 just as we were preparing for a break lower.

The WSJ has its second blog post in a row suggesting that there is a strong case for Fed patience on rates