Forex Consulting

NZD/USD pares gains as commodity currencies slip

The pair is now falling below key resistance levels at the start of the day NZD/USD is now trading at 0.7103 (briefly hit there, now at 0.7109) – falling below the 50.0 retracement level at 0.7107 that capped gains over the past two trading sessions. Nearby, there’s also the 200-day MA sitting at 0.7106 which…

Forex Consulting

Recap: Euro takes early shot at 2017 high

An audio recap of today’s trade so far  The run of US Dollar selling against the major and commodity bloc currencies that had picked up in the final days of 2017, has extended as things get going in 2018. Some of the bigger movers on the day were the Pound, Yen and Canadian Dollar. Fed…

Forex Consulting

European stock market close: Soft start

Closing changes for the main European bourses – UK FTSE -0.6% – German DAX -0.5% – French CAC -0.6% – Spain IBEX +0.5% – Italy MIB +0.1% It’s a long year but that’s not a great way to follow up a strong 2017. On the flipside, the euro and sterling have both had a nice…