SL@ BELOW 0.6680
The NZDUSD has been rising this week on the back of the weaker greenback. The first obstacle ahead of bulls might be found nearby 0.6680....
New Zealand dollar leads the gains following comments from a RBNZ official.
Aussie gets the weak GDP report, Australian PMIs mixed.
Wall Street surges after comments from Fed’s...
1. Trump once again targets Federal Reserve via Twitter..
2. US500 launches session higher but Friday’s candlestick hints at indecisiveness..
3. Bristol-Myers Squibb (BMY.US) sinks after announcing divestiture of Otezla drug....
SPXUSD reached new intraday all time high on Friday but failed to stay there until the session close.
BUY ABOVE 0.89405
EUR/GBP Retails again on the short side...
Retail trader data shows 18.8% of traders are net-long with the ratio of traders short to long at 4.32 to 1. The number of traders net-short is 2.2% higher than yesterday and 3.3% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are...
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUDUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUDUSD-bearish contrarian trading bias.
So expect this resistance to be broken and a fall to 0.6830