The Latest in Forex News & Analysis.


By CR | May 16, 2017 6:53 pm | 0 Comments

NZ Q1 PPI came out  slightly lower at 0.8% qoq vs 1.0% prior, NZD unchanged at around 0.6890.

$JPY in the meantime trading lower to 112.80 down 30 pips from NY close, both Dow futures and Nikkei futures down on the back of FBI Comey’s memo about President Trump asked him to stop investigating into former aide Flynn.


By CR | May 15, 2017 9:36 pm | 0 Comments

RBA Minutes from May meeting

-Labor, housing markets warrant careful monitoring

-Accommodative stance consistent with achieving targets

-1Q CPI data increased confidence in core CPI forecast

-May be some time before stronger non-mining invest growth

-Will take time to assess effects of mortgage rate hikes


Australia April New vehicle sales +0.3%mom


AUD$ slightly higher after minutes and car sales data


By CR | May 14, 2017 5:30 pm | 0 Comments


Little changed from Friday close

USDJPY 113.20, EURUSD 1.0930, GBPUSD 1.2885, USDCAD 1.3700, AUDUSD 0.7390, NZD 0.6855

News over the weekend

  • G7 Finance chiefs warn US not to upset global growth
  • G7 Finance leaders reiterate FX pledges, vow more cyber cooperation
  • North Korea fired missile landed in sea near Russia
  • UK’s Davis said EU Trade talks need to be started as soon as possible
  • Merkel’s party wins election in largest German state: Exit poll


Upcoming Economic data (EDT)

1845 NZD Q1 Retail Sales

1950 JPN Apr PPI

2130 AUD Mar Home leans

2200 CHN Apr IP, Retail Sales

NZ Manufacturing PMI 56.8

By CR | May 11, 2017 6:42 pm | 0 Comments

New Zealand April Manufacturing PMI came out  56.8  vs 57.8 prior, putting renewed pressure on KIWI Dollar.

Market now expecting zero chance of RBNZ’s rate hike this year after a surprisingly Dovish statement yesterday, currently pricing in 48% of a 25 hike sometime during Q1 in 2018.

Technically, first resistance at 0.6860 then 0.6920 level before dovish RBNZ, while downside watch 0.6817 intraday low then below that not much support till 0.6670-80 low seen in May 2016.

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

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FXDD Now provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FXDD Now specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FXDD Now expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.