As we suggested in the previous report, stocks are generally ranging until news from one of the most significant data points traders can have: Non Farm Payrolls. This is particularly significant because a lower than expected reading will signal that tapering from the Fed is likely off the table until well into next year. In a Central Bank driven economy, this...
NZD/USD have been locked in a titanic battle for control of this chart for the last 8 hours or so. Technically we should break south to relieve overbought conditions on H1 timeframe but with the key Non-Farm Payrolls and Unemployment Rate out of the USA due at 13:30 GMT, this pair ain't goin' nowhere for 3 hours. The risk it has to be said is that the numbers...
