Forex Strategies
Daily FX Wrap and Strategy
The NZD edged up overnight, and sits 0.1% higher againstthe USD, at 0.8670.Some of this is a hangover from the RBNZ’s rate hike andstern commentary last week.
Daily FX Update
USDCAD: Upside bias—Expect range to fall within 1.0814 to 1.1000 (the May 8th low to the psychologically important 1.10).
FX Daily Majors
Today’s highlights: EURGBP’s spotlight turns to downtrend support from June 2013 at .7960.
UBS Morning Adviser
RBA talking down the currency has limited longer term implications Tuesday’s release of minutes of the Reserve Bank of Australia (RBA)
Daily FX Wrap and Strategy
The NZD cooled off slightly on Friday, paring its post-RBNZ gains. The NZD/USD fell 0.3% to 0.8670.The dip lower was in line with the AUD and
Daily FX Update
Developments in Iraq drive a hint of risk aversion; but not enough to swap markets. Into the NA open FX markets are active with EUR sinking,
UBS Morning Adviser
ECB has no FX target but prior policy drivers are having less of an effect The ECB will be the first to remind FX markets that irrespective of how they view the exchange rate’s impact on
Daily FX Wrap and Strategy
The NZD/USD sits 1.6% higher than 24-hours ago, at0.8680 this morning. It was the best performing currencyby a large margin, after the RBNZ’s meeting yesterday.
Daily FX Update
Volatility remains low, markets are generally quiet even as there is building focus on oil prices (WTI has rallied up to $106 and Brent up to $112) on the back of security concerns in Iraq.
UBS Morning Adviser
BoK holds as widely expected, outlook and statement largely carried over As unanimously predicted by forecasters, the Bank of Korea (BoK) held policy rates at 2.50%.
Daily FX Wrap and Strategy
The NZD/USD has been the strongest performing majorcurrency over the past 24-hours, sitting at 0.8560 thismorning.
FX Daily Majors
Today’s highlights: EURUSD remains bearish for a test of last week’s spike low at 1.3503.