ThinkForex - Analytics

ThinkForex

459.75 5.25/10
80% of positive reviews
Real

NYLON HANDOVER: Kiwi Dollar hit overnight

Kiwi Dollar crosses were the worst hit overnight as traders absorbed the multi-year low for ANZ business confidence and carry traders continued to unwind. Traders will now look to tomorrow's Dairy Price auction for further direction but also struggling against a stronger USD. 




- USD was mixed overnight with volatility levels back within 'normal' Monday ranges.
- Chicago PMI fell short of expectations at 54.4 vs 54.7 forecast but traders will be repositioning themselves for Friday's Nonfarm payroll and the September FOMC meeting. 
- Eurozone CPI data came in at 0.2% yoy, above the 0.1% expected. However prices remained relatively contained as retail sales fell slightly short whilst GDP for Q2 remained stable at 1.5%. 
- Kiwi Dollar crosses were the worst hit overnight as traders absorbed the multi-year low for ANZ business confidence and carry traders continued to unwind. Traders will now look to tomorrow's Dairy Price auction for further direction but also struggling against a stronger USD. 
- GBPUSD clings onto 1.5328 support but appears poised to break lower this week
- Today's Asia session provides RBA Cash rate decision (you can read the preview here
- China manufacturing PMI data is also out. Whilst it is expected to come in below 50 (industry contraction) it should be noted how sensitive and skittish the markets are to any news from China, so weakness here could pile pressure onto AUD, NZD, stocks and see Euro stronger. 




To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree