OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: NZD/USD shoots above 0.85 on USD weakness

FXstreet.com (Barcelona) - NZD/USD has broken to fresh weekly highs last at 0.8530 on thin Asian markets as New Zealand and Australia are both closed for holidays. The pair is up +1.38% for the week, following yesterday's RBNZ rate statement leaving interest rates on hold for the rest of 2013, the central bank said.

Current NZD/USD move higher comes on the back of a broad USD sell-off, coupled with Gold also rallying to fresh weekly highs above the $1440 mark, and Oil printing fresh 2-week highs above the $91 handle. Tomorrow's NZ trade balance at 22:45 GMT is next big risk event ahead for the Kiwi.

Immediate resistance to the upside for NZD/USD shows at April 12 lows 0.8545, followed by April 15 highs at 0.8593, and April 12 highs at 0.8607. To the downside, closest support lies at April 17 highs at 0.8511, followed by April 19/yesterday's highs at 0.8490 and Tuesday's highs at 0.8465.

Forex: GBP/USD maintains firm bid in Asia trade, UK GDP data on tap

The Sterling is well bid thus far during Asia trade, up another 50 pips at 1.5277. The coming session will be worth watching as UK GDP will be released at 8:30 GMT. The GDP number could be the catalyst
Read more Previous

Forex: GBP/USD buoyed by Verizon/Vodafone buzz

In an exclusive report published by Reuters, it is rumoured that Verizon is planning a bid worth around $100 billion for Verizon Wireless stake. The deal is still expected to take some months until potentially resolved, thus M&A flows are not an immediate threat it seems.
Read more Next
Start livechat