The Latest in Forex News & Analysis.

RBNZ Governor Wheeler Press conference

By CR | May 10, 2017 10:23 pm | 0 Comments

– Lack of inflation pressure the main reason for keeping a neutral stance

– Don’t see accelerating inflation pressure

– NZ Economy showing less capacity pressure

– We are not going to burst of inflation

– We’ve kept a neutral stance

– Expect OCR to remain 1.75% for foreseeable future

RBNZ leaves rates unchanged

By CR | 10:18 pm | 0 Comments

Statement was surprisingly dovish

  • Policy will remain accommodative for considerable period.

NZD drops a big figure from 0.6940 to 0.6830 low

FAREAST session update

By CR | 2:13 am | 0 Comments

BOJ Governor Kuroda spoke in the diet said weak Yen boost corporate profits, capital spending, but tends to reduce households purchasing power, need to continue powerful easing.

$JPY grinded higher from 113.60 to 90 towards Tokyo “Go-Toh-Bi” fixing. N225 struggling to break above 20k slowing down $JPY’s further rally.

$JPY levels:

  • 115.00 resistance
  • 114.64 fibonacci
  • 114.32 intraday high
  • 113.62 day low
  • 113.40 50% retrace
  • 112.81 Cloud

$JPY Daily Ichimoku


EUR$ came off to 1.08 handle on typical “Sell the Fact” move after French election, touched 1.0863 low today before slowly recovering toward 1.09.

next support 200d MA at 1.0830 & 1.0820 low after the first round of  French election, then below that possible to see a further decline towards low 1.07 to close the gap, Ichimoku cloud top at 1.0735 and 1.0720 pre-election NY close level on April 21.

EURUSD daily Ichimoku chart + 200d MA

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