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5 Mar 2013

Forex Flash: NZD/USD to trade with a positive tone - BNZ

Absent a disappointing Aussie GDP figure, according to Mike Jones, currency strategist at Bank of New Zealand, "we suspect the NZD/USD will continue to trade with a positive bias today." The analyst thinks that any pull-back towards the 200 day moving average at 0.8300 should find buying interest, ahead of 0.8280. Initial resistance eyed at 0.8350, he adds.

Mar 5, 2013

Wall Street rallies with the Dow Jones closing at all time high

The US stocks market closed higher on Tuesday on the back of upbeat European data and overall risk appetite. Wall Street is back to pre-crisis levels and the Dow closed above 14,200 for the first time.

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Mar 6, 2013

Forex: Dollar firm in a pro-risk environment, but EUR/USD remains directionless

In a choppy session, the EUR/USD traded on range just above the 1.3000 level with the pair closing Tuesday 0.17% above the open. In this way, the single currency kept the positive ground with an euphoric Wall Street but also a firm Greenback.

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