OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: NZD strategy profile – Westpac

FXstreet.com (Barcelona) - According to Global FX Strategist Sean Callow at Westpac, “The NZD momentum is positive and should take the NZD/USD slightly higher to the 0.8380 level in the near-term. Beyond that, strength will depend on how Cyprus and local drought issues are resolved.”

In terms of the NZ swaps, the decline in interest rates since mid-February may be complete, but Cyprus and the NZ drought remain near-term risks. “Should there be further near-term downside for the 2-year swap rate, we think it will be limited to the 2.70%- 2.80% area. Above 3.10% would confirm another major upleg is in progress.” Callow adds.

Forex: GBP/USD consolidates losses below 1.5200

The sterling is struggling to regain the key resistance of 1.5200 on Monday, as the risk-off tone is growing bigger amid renewed concerns on Cyprus....
Read more Previous

Forex: USD/CHF testing the 0.9500 level

The USD/CHF has rallied higher during American trading Monday, establishing fresh intraday maximums at the 0.9500 level. Having moved on downtrodden remarks out of Cyprus, the pair is now operating +0.78% above its opening.
Read more Next
Start livechat