Forex Consulting

Kiwi weighed down as sellers come into the picture

NZD has been under some selling pressure against the USD and AUD I posted earlier last week that the NZD/USD was playing ping pong with the resistance level at 0.7030 and the support level at 0.6980.After being rejected again on the topside on Monday, the pair is falling lower. Overnight trading saw it break below…

Forex Consulting

Eurostoxx futures +0.14% in early European trading

European equity futures are showing positive signs for the cash market A slight positive on most futures indices. This follows that of a mixed Asian equities session. The Nikkei ended the day higher, as did Australia’s ASX 200. But China’s Shanghai Composite and CSI 300 indices, as well as HK’s Hang Seng index, are all…

Forex Consulting

Germany Nov PPI m/m +0.1% vs +0.2% expected

Latest data release by Destatis – 20 Dec 2017 A slightly softer than expected reading. But nothing too much to glean from the data, to be fair. EUR/USD is sliding across the board over the last 15 minutes, down to session lows of 1.1829. Copyright 2015 Forexlive.com

Forex Consulting

Nikkei 225 closes up +0.10% at 22,891.72

Tokyo’s main index closes slightly higher on the day – 20 Dec 2017 Asian equities are mildly higher on the day mostly, despite US stocks suffering a bit of a hangover even though the US tax bill vote is expected to go smoothly. Copyright 2015 Forexlive.com

Forex Consulting

Economic data coming up in the European session

What’s coming up on the calendar front for today Howdy, people! How’re you all doing today? It’s been a quiet trading day so far – as we await more news about the US tax bill vote (Senate has already passed the voting stage, now it’s back to the House vote on Wednesday morning in the…