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4 Mar 2013

Forex Flash: Big week ahead - BNZ

It’s a big week for central banks and global data, notes Mike Jones, currency strategist at BNZ: "Probably the two events with the most potential to shock the market are Thursday’s ECB meeting and Friday’s US employment data, although it is also a busy week in Australia, with Tuesday’s RBA meeting, January retail sales figures, and Q4 GDP all have the potential to impact on the AUD and NZD."
Mar 4, 2013

Forex: EUR/JPY finding resistance below 122.00

EUR/JPY is last at 121.94, fresh session highs, and moving barely above previous weekly close Friday, following a weak start of current week in Asia-Pacific, printing session lows at 121.42, on the back of Euro weakness. EUR/JPY is still higher for the year a +7.3%, and up +23.75% in last 6 months.
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