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26 Jun 2018

NZD/USD Technical Analysis: Kiwi backing away from 0.69

Declining trendline is capping swing highs as the Kiwi steps down amid broader market sentiment retracting.
US-CHina trade war fears are becoming the market narrative for the week ahead of the RBNZ's showing later on.
Intraday prices are being supported by the 38.2% Fibo retracement level, a hard break will confirm the day's downtrend.

NZD/USD Chart, 15-Minute

Spot rate:	0.6892
Relative change:	-0.02%
High:	0.6899
Low:	0.6882

Trend:	Bearish

Support 1:	0.6882 (current day low; current week low)
Support 2:	0.6862 (61.8% one-week Fibo level)
Support 3:	0.6825 (one week low)

Resistance 1:	0.6899 (current day high)
Resistance 2:	0.6921 (one week high)
Resistance 3:	0.7000 (major level; R3 daily pivot)

Jun 26, 2018

France's Le Maire: Europe will respond to US tariffs if provoked

France's Finance Minister, Bruno Le Maire, is addressing media outlets today, speaking about Europe's stance towards trade tariffs being threatened by

Global market snap-shot - ANZ

Analysts at ANZ explained that China and the EU have come out of talks united against the threat of US protectionism. Key Quotes: "China’s Vice Pre