NZD/USD Holds 0.8550 Support- Need Hawkish RBNZ for Higher High
The NZD/USD appears to be carving a higher low as it holds above the 0.8550 region, but we will need a hawkish RBNZ policy statement to see a higher high.
AUD/NZD Fails to Close Above 1.09- GBP/NZD Risks Fresh Highs on RBNZ
The Dow Jones-FXCM U.S. Dollar Index is benefitting from the decline in the AUD/USD, while the GBP/NZD risks fresh highs on a less-hawkish RBNZ.
EUR/AUD, EUR/USD Reverse Data Slump; GBP/USD Bull Flag or Double Top
Surprises across the board from the market moving data in the Asian and European sessions leaves several of the major currencies waking up after several days of incredibly low volatility.
Rising US Yields Push Gold Price towards April Low, $1277 Tipping Point
Over the course of a few short weeks, the price of Gold looks particularly vulnerable as all three catalysts behind the 2014 rally have seemingly disappeared.
Forex: Aussie Dollar Sinks on Soft CPI, Euro May Fall on PMI Data
The Australian Dollar sank as soft first-quarter CPI data eroded RBA rate hike bets. The Euro may decline if April’s PMI figures bolster the case for added ECB stimulus.