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NZD
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On a slow news day, with only Construction PMI on the horizon in the UK, Ukraine will continue to dominate.
On a slow news day, with only Construction PMI on the horizon in the UK, Ukraine will continue to dominate.
NZD/USD Countertrend Play January 21, 2014
NZD/USD is forming a rising channel on its 1-hour time frame, after having bounced off the bottom near the .8200 major psychological support.
US Dollar Roars and Reverses After Jobs Data
In previous months, these pages have warned of slowing global growth and cited crude as the leading indicator. Crude plummeted nearly 18% in May compared with just a little over a 6% decline in the S&P 500. Reitterating the stance that crude is the leader (the ‘tell’ if you will) in the next wave of develeveraging, equities probably have much more downside in the coming months.
Dollar: JPMorgan Fiasco Fails to Set Off Crisis, Back to Europe
Any way you cut it, the dollar’s recent performance is impressive. So far this month, the Dow Jones FXCM Dollar Index (ticker = USDollar) has climbed 1.9 percent to its highest weekly close since the middle of December. Looking at currency’s performance in specific corners of the market, we find the EURUSD is below 1.3000, AUDUSD is at its lowest level this year and the greenback has even been able to muscle gold (another safe haven) into a potentially critical reversal of a trend that goes back over three years.
Swiss Franc Trades Nervously on SNB
USDCHF – Our Speculative Sentiment Index shows that retail trading crowds remain net-long the US Dollar (ticker: USDOLLAR) against the Swiss Franc. Normally this would lead us to call for near-term losses. Yet the USDCHF remains stuck in a frustratingly narrow range, and only a break below SFr 0.9000 would signal that fresh lows are entirely likely. As it stands most are watching for clues that the Swiss National Bank