Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Back

NZD/USD: downside correction support at 100 dma

NZD/USD is unchanged since dropping down to the 200 sma on the 4hr chart in the aftermath of the nonfarm payrolls. The market was satisfied with the participation and unemployment rates, despite the headline disappointment.

Meanwhile, while we are in a sea of calm in the FX space, Yellen will be testifying at Capital Hill this week as the highlight for the pair. Markets will be expecting much of the same optimism from Yellen, but should there be an air of caution due to this years starting turmoil or any doubts over whether the Fed can continue raising rates this year, the greenback could be exposed to the downside as a result on dovish remarks. For the New Zealand economy, we are very light on the data from apart from electronic card sales.

NZD/USD levels

Technically, NZD/USD remains better offered below 0.6866 as the start of the 2016 downtrend. The 4hr 200 sma at 0.6602 comes in as first support ahead of a deeper retracement to 0.6560 200 sma supporting territory on the same time frame. On the flip side, a correction targeting the 2016 downtrend has first resistance at R1 0.6693 ahead of R2 at 0.6710 and R3 at 0.6727.

GBP/USD trims losses and rises to 1.4400

The US dollar trimmed gains in the market and pulled back. GBP/USD is recovering after falling earlier to 1.4349, the lowest level in a week.
Read more Previous

United States 3-Month Bill Auction: 0.315% vs previous 0.35%

United States 3-Month Bill Auction: 0.315% vs previous 0.35%
Read more Next