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Forex Flash: Still looking for fresh highs in AUD and NZD - Nomura

Nomura Strategist Geoffrey Kendrick has reiterated his non-consensus call for fresh highs in AUD/USD and NZD/USD later this year.

He feels that despite price action, recent local news has further emboldened his view. He notes that Australia CAPEX data were strong overnight, noting that not only is the mining investment peak not upon us, but the required re-balancing is also occurring. he thinks that the risks are skewing the next RBA move being a rate hike.. In New Zealand he adds that data out yesterday showed no NZD selling by the RBNZ in January, and the puzzling selling in Nov/Dec has disappeared. Further, milk auctions are booming (and will continue to do so) as auction volumes fall.

Forex: GBP/USD trading positively at 1.5176/78 after US data

The GBP/USD has fallen off its session highs of 1.5224 at the onset of American trading Thursday, as investors digest the steady tranche of economic data in the United States, which generally yielded upbeat results. At the time of writing, the pair is surrendering its gains rapidly, though still trading positively at 1.5176/78, up +0.12%
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Forex: EUR/USD drops as investors digest US GDP and claims

The EUR/USD took some time to react to the US GDP Q4 and jobless claims data, but it eventually moved lower, from the opening price of 1.3136 to 1.3110, on better quarterly growth than expected and improving jobless figures.
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