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Market Overview | 07 August

Technical Corner Currency market   NZDUSD: The New Zealand Dollar over 2% in hitting its lowest level against the US Dollar since January 2016, at 0.6377, and...

Yen selling looks short-lived

NZDJPY has remained buoyant at 70.70 after bouncing from a 5-month low on Friday at 70.42, on Yen selling. This price action comes with...

EURNZD – Do you remember this?

EURNZD Medium-Term Back in November, we identified a very interesting pattern in EURNZD, the famous Elliott Wave pattern. In November, the pair was in a...

Antipodeans lead the way

The hope of a US-Sino trade deal lifted sentiment on stock markets and saw Chinese indices rallying more than 5% in tandem with US...

Ahead of New Zealand Employment data

New Zealand's calendar has employment data tonight, which will be closely watched by market participants, as it might provide an indication on Reserve Bank of...

A strong Kiwi moves into the overbought zone

NZDUSD  & NZDJPY H1 The Kiwi was the star performer overnight with the Japanese Yen the big loser. This is  clearly demonstrated by our Traders...

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