NZD Weekly Review (Nov. 23 – 27)
NZD took the top spot once again, moving solidly higher on better-than-expected economic data from NZ, as well as positive commentary from monetary & fiscal policy officials.
Read MoreNZD took the top spot once again, moving solidly higher on better-than-expected economic data from NZ, as well as positive commentary from monetary & fiscal policy officials.
Read MoreAUD was a big winner, moving higher on positive global risk sentiment, positive Aussie business sentiment data, and optimistic commentary from RBA officials.
Read MoreJPY was the biggest loser, & It’s likely positive risk sentiment was the major driver as traders leaned positive after another round of optimistic covid vaccine/treatment news.
Read MoreA lack of fresh catalysts encouraged end-of-month profit-taking and some dollar weakness. Will today’s moves translate to a breakout on AUD/USD?
Read MoreWe might see some profit-taking ahead of the Thanksgiving holidays, and it looks like this inflection point on EUR/CAD could hold.
Read MoreThe down trend in USD/CAD is one to watch on the session ahead of the latest FOMC meeting minutes.
Read MoreA lack of fresh catalysts pushed the major currencies into tight trading conditions today. AUD/JPY saw some action, though, and is even presenting a good retracement opportunity.
Read MoreEUR/NZD bears have been in steady control this week, but will the downtrend continue with catalysts from New Zealand ahead?
Read MoreTraders have been hungry for more risk these days, allowing NZD/JPY to make an upside break from consolidation. Think the pair could pull back to gather more bullish energy?
Read MoreWe’re checking out GBP/USD to start the new week as the pair takes a step back from its recent uptrend. Will the bulls buy back in soon?
Read MoreSuccessful traders take care of the downside and know that the upside will take care of itself.Amrit Sall