Sunday, September 7, 2014

Currency Trading Signal

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USD, AUD, CAD to remain well bid - FXWW

 Given the bearish sentiment that EUR, GBP, NZD, JPY face for varies reasons, Sean Lee, Founder at FXWW, notes that USD, AUD and CAD should remain well bid.

NZ manufacturing sector to make neutral contribution to Q2 GDP - ANZ

Following a weak manufacturing sales (Q2) in New Zealand, coming at -0.7% vs 0.2% last, Mark Smith, Senior Economist at ANZ, notes that the manufacturing sector is set to make a broadly neutral contribution to Q2 GD

NZD/USD holds above 0.83, RBNZ main focus

NZD/USD is presently in a consolidation pattern around 0.8320, having recovered off 0.8270 lows last Friday, in response to a weaker-than-expected US NFP, which may seen as an opportunity to sell the pair at better value levels.


AUD/USD slightly weaker at Tokyo open

AUD/USD enters the open of Tokyo oer 10-15 pips lower than its NY close, currently at 0.9365 after a close at 0.9378, with the US Dollar generally stronger across the FX board, a dominant theme that continues.

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