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Market analysis and trade recommendations by FBS

FBS

Broker Representative
Technical forecasts for majors (Dec. 18)
Elizabeth Belougina and Kira Iukhtenko, FX BAZOOKA analysts

EUR/USD

The medium term trend is to the upside. The pair’s consolidating between $1.3800 and $1.3700.

  • Market is in the waiting mode ahead of the important news: oscillators are generally neutral.
  • 55- and 100-period MAs continue rising.
  • The prices are above the bullish Ichimoku Cloud and its lines, though Tenkan and Kijun formed a dead cross (red and blue lines).
Support: $1.3750, $1.3705, $1.3690 and $1.3625

Resistance: $1.3810, $1.3830, $1.3850.



Chart. H4 EUR/USD

Upcoming events:

EUR - 9:00 GMT - German Ifo Business Climate

EUR - All Day - ECOFIN Meetings

USD - 13:30 GMT - Building Permits

USD - 19:00 GMT - FOMC Statement, Economic Projections and Federal Funds Rate

GBP/USD

Market sentiment on the H4 is bullish. GBP/USD is trading in a bearish channel since Dec. 11. Cable tested the channel support yesterday (daily low at $0.6215), but met with buyers there.

  • H4 MACD divergence (bullish signal)
  • 55-period MA is still directed to the downside
  • Cable remains below the thin bearish H4 Ichimoku ; dead cross remains valid. Kijun-sen and Tenkan-sen are sidelined, leaving room for a bullish reversal.
Support: $1.6230 (38.2% Fibo), $1.6215, $1.6200

Resistance: $1.6300, $1.6320



Chart. H4 GBP/USD

Upcoming events

GBP - 9:30 GMT - Claimant Count Change, MPC Policy Statement, Unemployment Rate

USD - 13:30 GMT - Building Permits (forecast: 0.99M; previous: 1.04M)

USD - 19:00 GMT - FOMC Statement, Economic Projections and Federal Funds Rate

USD/JPY

Market sentiment is neutral ahead of the Fed: USD/JPY is consolidating in the 102.50/103.15 range.

  • The pair holds above the bullish H4 Ichimoku, though Kijun-sen remains below the Tenkan-sen
  • Supported by the 55-day MA (102.85) and the 100-period MA (102.50)
  • Bulls need a break above 103.15 to take over control of the pair
Support: 102.85, 102.50, 102.30, 102.00, 101.80

Resistance: 103.00, 103.15, 103.40, 103.70, 103.95/104.00



Chart. Daily USD/JPY

Upcoming events:

USD - 13:30 GMT - Building Permits (forecast: 0.99M; previous: 1.04M)

USD - 19:00 GMT - FOMC Statement, Economic Projections and Federal Funds Rate

USD/CHF

USD/CHF clearly remains under the bearish control, trading slightly above the 2-year low of 0.8832.

  • The pair holds below the wide bearish Ichimoku Cloud, Tenkan and Kijun lines have formed a dead cross
  • MACD histogramm is below the signal line and keeps declining (bearish signal)
  • Sellers need to push the pair below the local low of 0.8830 to open the way to 0.8800
Support: 0.8840, 0.8830, 0.8800, 0.8750

Resistance: 0.8890, 0.8900, 0.8920, 0.8940



Chart. Daily USD/CHF

Upcoming events:

CHF - 10:00 GMT - ZEW Economic Expectations

USD - 13:30 GMT - Building Permits (forecast: 0.99M; previous: 1.04M)

USD - 19:00 GMT - FOMC Statement, Economic Projections and Federal Funds Rate

AUD/USD

The pair keeps consolidating below this week’s highs in the $0.8970 area.

  • Bollinger bands have narrowed: volatility decreased as market players are waiting for the results of the Fed meeting. High and low volatility periods usually follow each other, so the narrowing of the bands often means that the volatility is about to increase sharply.
  • There’s a small divergence in MACD/RSI that may allow bulls to make a correction a bit higher.
  • All MAs are declining that indicates that a medium-term downtrend is well in place.
  • The prices are below the widening bearish Ichimoku Cloud and the indicator lines.
Support: $0.8884, $0.8847, $0.8800.

Resistance: $0.8970, $0.9000, $0.9065.



Chart. H4 AUD/USD

Upcoming events:

USD - 13:30 GMT - Building Permits

USD - 19:00 GMT - FOMC Statement, Economic Projections and Federal Funds Rate

USD - 19:30 GMT - FOMC Press Conference

AUD - 00:30 GMT - RBA Bulletin

USD/CAD

USD/CAD is trading at the lower side of the rising channel. The pair’s making fading fluctuations between 1.0700 and 1.0560.

  • The pair approached resistance provided by the 100- and 50-period MAs. The latter line may cross the former to the downside – this will be a negative signal.
  • The prices are below the bearish Ichimoku Cloud, but Tenkan-sen is providing them some support.
  • MACD is approaching 0 from the downside. RSI (14) rose to 54.
Resistance: 1.0620, 1.0635, 1.0670 and 1.0600.

Support: 1.0585/80 (channel support), 1.0560, 1.0580 and 1.0508.



Chart. H4 USD/CAD

Upcoming events:

USD - 13:30 GMT - Building Permits

CAD - 13:30 GMT - Wholesale Sales

USD - 19:00 GMT - FOMC Statement, Economic Projections and Federal Funds Rate

USD - 19:30 GMT - FOMC Press Conference
 

FBS

Broker Representative
Dec. 19: Asian session

US dollar gave back some of the gains it made yesterday as the Fed said it would start tapering QE.

USD/JPY corrected a bit from more than 5-year high at 104.36, but is still trading above 104.00. Japanese Nikkei share average jumped by 1.5% this morning. Data on Japan buying foreign bonds showed continued outflow of money from Japan.

Australian and New Zealand dollars came under pressure as Fed announced tapering. AUD/USD fell to$0.8820, its lowest level since August 2010, but has recovered some ground later. The pair sits at the $0.8850 August 2013 lows as of writing. NZD/USD fell to $0.8175 despite the better-than-expected New Zealand GDP. NZ economy rose by 1.4% q/q in Q3 vs. expected +1.1% and prior +0.3%.

EUR/USD slipped to $1.3648. GBP/USD is trading in the $1.6370 area after peaking to $1.6484 yesterday.
 

FBS

Broker Representative
Key currency options (Dec. 19)

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

Here are the key options expiring today:

EUR/USD: $1.3500 (large), $1.3530, $1.3540, $1.3670, $1.3770, $1.3780;

GBP/USD: $1.6400;

USD/JPY: 103.00 (large), 103.50, 103.70;

AUD/USD: $0.8710 (large); $0.8900 (large); $0.8950, $0.9050 (large);

USD/CAD: 1.0595.
 

FBS

Broker Representative
Fed announced $10 bln tapering

Farewell surprise from Mr. Bernanke )

The Federal Reserve announced it would cut its monthly bond purchases in January to $75 billion from $85 billion, taking the first step toward unwinding the unprecedented monetary stimulus. “In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions, the committee decided to modestly reduce the pace” purchases, the Federal Open Market Committee said today. The interest rate will remain at record lows at least before the unemployment falls below 6.5%. The Fed has also revised its economic forecasts to the upside.
 

FBS

Broker Representative
GBP/USD

Market sentiment on the H4 is bullish. Cable is consolidating around $1.6380 after having jumped to $1.6485 post the Fed’s announcement. We remain bullish for the pair as long as it holds above $1.6320.

The cable broke above the bearish channel.
H4 MACD histogram rose into the positive territory (bullish sign).
Cable rose above the 100- and 55- period MAs.
Ichimoku Cloud is also giving out bullish signals.
Support: $1.6340, $1.6300, $1.6230 (38.2% Fibo), $1.6215

Resistance: $1.6435, $1.6465, $1.6500

gbpusdh4.png

Chart. H4 GBP/USD

Upcoming events:

GBP - 9:30 GMT – Retails sales

USD - 13:30 GMT - Unemployment Claims

USD - 15:00 GMT - Existing Home Sales

USD - 15:00 GMT - Philly Fed Manufacturing Index

USD - 15:00 GMT - CB Leading Index
 

FBS

Broker Representative
USD/JPY

Bulls have regained control over the pair: USD/JPY rose by almost 200 pips yesterday, touching a new 5-year high of 104.40.The bullish impulse slowed at these levels, resulting in another wave of bearish correction.

• USD/JPY holds above the bullish H4 Ichimoku with Kijun-sen crossing the Tenkan-sen to the upside.

• Supported by the 55-day MA (102.85) and the 100-period MA (102.50).

• MACD histogram rose into the positive territory (bullish sign).

• Sentiment remains bullish as long as the 103.75 support holds.

Support: 103.75, 103.40, 102.50

Resistance: 104.40, 105.00, 105.55

usdjpyh4.png

Chart. Daily USD/JPY

Upcoming events:

USD - 13:30 GMT - Unemployment Claims

USD - 15:00 GMT - Existing Home Sales

USD - 15:00 GMT - Philly Fed Manufacturing Index

USD - 15:00 GMT - CB Leading Index
 

FBS

Broker Representative
USD/CHF

Bearish pressure on USD/CHF eased as the pair rose from the 2-year low of 0.8832 to 0.8960.

The pair broke into the wide bearish Ichimoku and is trading not far from the Cloud resistance now (0.8975).
MACD histogram rose into the positive territory (bullish sign).
The price rose above the 55-period MA that acted as a resistance, but met sellers at the 100-period MA
Buyers need a break above the 0.8960/75 resistance to move further
Support: 0.8930, 0.8920, 0.8900

Resistance: 0.8960/75, 0.9000, 0.9030

usdchfh4.png

Chart. Daily USD/CHF

Upcoming events:

USD - 13:30 GMT - Unemployment Claims

CHF - 14:00 GMT - SNB Quarterly Bulletin

USD - 15:00 GMT - Existing Home Sales

USD - 15:00 GMT - Philly Fed Manufacturing Index

USD - 15:00 GMT - CB Leading Index
 

FBS

Broker Representative
AUD/USD

AUD/USD renewed this year’s low by sliding to $0.8821. Aussie was already quite oversold, so here we didn’t see such a big decline as in other pairs.

The pair is at the lower Bollinger band and there’s still a small divergence in MACD/RSI, so we expect some correction up.
All MAs are declining that indicates that a medium-term downtrend is well in place.
The prices are below the bearish Ichimoku Cloud. The indicator lines went horizontal, so we may see some consolidation.
Support: $0.8820, $0.8800, $0.8755

Resistance: $0.8880, $0.8900, $0.8970, $0.9000

audusdh4.png

Chart. H4 AUD/USD

Upcoming events:

USD - 13:30 GMT - Unemployment Claims

USD - 15:00 GMT - Existing Home Sales

USD - 15:00 GMT - Philly Fed Manufacturing Index

USD - 15:00 GMT - CB Leading Index
 

FBS

Broker Representative
USD/CAD

USD/CAD reached the highest level since 2010 at 1.0725. The medium-term uptrend continues.

100- and 50-period MAs turned a bit up. The lines are melded together. So far 50-period MA hasn’t fallen below the 100-period one.
RSI (14) is still in the overbought area above 70. The pair’s above the upper Bollinger band.
The prices rose above the Ichimoku Cloud which has turned bullish. The Cloud, however, is thin and the indicator lines went horizontal.
Resistance: 1.0725, 1.0745, 1.0800 (38.2% of the decline from 2008 to 2011)

Support: 1.0700, 1.0670, 1.0635

usdcadh4.png

Chart. H4 USD/CAD

Upcoming events:

USD - 13:30 GMT - Unemployment Claims

USD - 15:00 GMT - Existing Home Sales

USD - 15:00 GMT - Philly Fed Manufacturing Index

USD - 15:00 GMT - CB Leading Index
 

FBS

Broker Representative
Dec. 19: European session

EUR/USD is trading in the $1.3680 area after it tested $1.3648 today. Data from the region are generally good, but the market expects news from the region’s leaders.

European leaders meet
Today is the meeting of the European Council. According to ANZ, there’s “a little bit of event risk tonight in the sense there’s a European leaders summit where they’re supposed to come up with proposals for a banking union. The risk to me is downside in euro for the next 24 hours.” However, German finance minister Schaeuble said that “convincing” agreement is reached on banking union backstop failed banks. Expect more on this topic today.

Euro zone’s current account surplus rose
Euro zone current account balance in Oct +26.2bln vs. +14.2B forecast

Ireland: surprisingly good growth
Irish GDP rose by 1.5% in Q3 vs. 0.7% forecast

German inflation
According to IFW Kiel institute of world economic research, German inflation in 2015 will be 2.5% (higher than the 1.90% forecast). As German policymakers are known for their fear of inflation, they might call ECB for tighter policy (potentially EUR-positive).

Greece: unemployment edged down, but remains high
Greek unemployment 27.0% in Q3vs. 27.1% prior

GBP/USD is consolidating in the $1.6360/6400 range after the yesterday’s post-FOMC jump to $1.6485. UK retail sales rose in line with forecast by 0.3% in November (vs. a 0.9% drop in October).
 

FBS

Broker Representative
USD/JPY: trade ideas
Kira Iukhtenko, FX BAZOOKA analyst

The USD/JPY currency pair soared yesterday by almost 200 pips, posting a fresh 5-year high of 104.40. Buyers’ demand weakened in the Asian trade, but the greenback still holds above the psychological 104.00 support. Yesterday’s USD surge returned the pair into the bullish channel, opening the potential for further gains.

USD/JPY rally has successfully survived the yesterday’s FOMC meeting. The next event we should pay attention to will be the BOJ policy meeting and press conference on Friday. Most economists see no urgent need for the BOJ to make any changes in monetary policy. However, traders will be closely watching the policy statement for any hints of adding stimulus later in 2014. People familiar with the Japan’s regulator say the BOJ officials do see significant scope to increase bond purchases if needed to achieve the 2% inflation target.

As for the technical prospects of USD/JPY, I see 2 scenarios possible in the near term:

Trade idea 1. Buy USD/JPY at 104.40 with an initial target of 105.55 (The pair breaks above 104.40 and extends growth)

Trade idea 2. Buy USD/JPY on dips to 103.40 with an initial target of 104.40 (The pair dips to 103.40 before resuming growth)

Decline below the 103.40 support would open the way for a deeper pullback, but I don’t expect the yen to strengthen in the near term.

usdjpyh4.png
 

FBS

Broker Representative
FOMC: consequences for EUR/USD
The Federal Reserve announced a plan to cut monthly bond purchases to $75 billion from $85 billion starting from January. In general, market players regard this decision as a sign that American economy is in good shape since the recent data points at the increase in growth momentum.

It seems that the Fed has learnt its lesson and is now providing better communication: the central bank didn’t make any pledges on the future dynamics of QE and made an effort to underline that it would keep the interest rate low.

EUR/USD took a blow on the Fed and slid nearly 2-year highs around $1.3800. Traders have started speculating whether it’s the start a longer term, taper-inspired downtrend for the single currency. This would be good for the ECB as lower euro would boost exports and help get inflation closer to the central bank’s 2% target, easing deflation fears. However, ING economists point out that Japan’s historic experience of having low interest rates, deflationary pressures, economic stagnation and a strong currency suggest that a weaker euro is not necessarily guaranteed.

Danske Bank and Credit Agricole, on the other hand, expect euro to weaken next year and the difference in the approaches of the Fed and the ECB will play its part. In addition, EUR-supportive transatlantic portfolio flows should reverse in 2014 producing outflows by end-Q1 as a superior US growth profile drives investor outflows from Europe, says CA.

In the near term watch for support at $1.3600. According to Commerzbank, failure here should provoke a return visit to $1.3300/1.3273 (recent low, Fibo and 200-day MA).

euro_wsj.jpg
 

FBS

Broker Representative
Dec. 20: Asian session

asian1.png


Asian stocks fell, led by Chinese shares amid concern funding costs for the nation’s lenders will remain high even after the central bank injected cash into the financial system. Japanese Nikkei 225 edged down as investors booked profits before the long weekend in Japan.

USD/JPY rose to 104.45. Yen declined after the Bank of Japan kept monetary policy steady and voted unanimously to maintain its pledge of increasing base money, or cash and deposits at the central bank, at an annual pace of 60 trillion yen ($576 billion) to 70 trillion yen. But the BOJ slightly tweaked its view on the outlook to signal that it was mindful of the potential pain on the economy from an increase in the national sales tax in April next year. Investors are now waiting for Governor Kuroda’s comments on how the Fed’s tapering could affect the BOJ's decision on if and when it might next expand stimulus.

AUD/USD tested $0.8889, but then returned to $0.8870. NZD/USD tested $0.8712, but then returned by 20 pips lower.

EUR/USD slid to $1.3631. GBP/USD is trading a bit on the downside, in the $1.6360 area.
 

FBS

Broker Representative
Key currency options (Dec. 20)
Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

Here are the key options expiring today:

EUR/USD: $1.3600 (large), $1.3645, $1.3650, $1.3770, $1.3775;

GBP/USD: $1.6200, $1.6300, $1.6350;

USD/JPY: 103.00, 103.50, 104.00 (large), 104.25, 104.50, 105.00 (large);

USD/CHF: 0.8875, 0.9020;

AUD/USD: 0.8850 (large), 0.8875 (large), 0.8900 (large), 0.9000, 0.9020, 0.9075, 0.9100;

NZD/USD: 0.8195;

USD/CAD: 1.0700, 1.0775, 1.0800 (large);

EUR/JPY: 142.75;

EUR/GBP: 0.8405;

EURCHF: 1.2220 1.2275.
 

FBS

Broker Representative
EUR/USD: Ichimoku analysis (Dec. 20)
Daily. Last week the pair once again failed to overcome the $1.3800 figure, which led to a corrective decline to the Tenkan-Kijun channel. Pay attention to Chinkou Span, which at that point was in the overbought area. This was an additional incentive for the short-term trend reversal. Now the prices may test support formed by Kijun-sen (KS) just above $1.3600. After that the bulls may once again take the lead as the indicator’s readings are all in all rather positive.

eurusdd1.png


Chart. Daily EUR/USD

H4. At H4 the pair fell inside the Cloud. The short-term trend became bearish: Tenkan and Kijun are now pointing down (C). However, the Cloud is still bullish. Therefore, after testing the lower boundary ($1.3600), euro can start recovering.

eurusdh4.png


Chart. H4 EUR/USD
 

FBS

Broker Representative
GBP/USD: Ichimoku analysis (Dec. 20)
Daily. The pair is apparently finishing consolidation. On the daily chart the prices spend a brief time inside the Tenkan-Kijun channel, and by the the end of the week sterling managed to get to positive territory. The prices haven’t even touched Kijun-sen (KS), which shows the weakness of the bears. Note that the indicator is still positive: golden cross (C) is still in place and the Cloud expands upwards.

gbpusdd1.png


Chart. Daily GBP/USD

H4. The pair was trading within the Ichimoku Cloud and the market was in the sideways state. Nevertheless, in the second half of the week the pair rebounded from the lower border of the Cloud. If the prices fix above the horizontal Kijun-sen at $1.6350, this can lead to the further strengthening of sterling. Otherwise, the market will have to find support at the $1.6300 handle.

gbpusdh4.png


Chart. H4 GBP/USD
 

FBS

Broker Representative
USD/CHF: Ichimoku analysis (Dec. 20)
Daily. Last week currency pair found support in the 0.8850 area. A"double bottom" was formed on the daily chart and the bulls used it to turn the greenback up. Note the pair was oversold and this contributed to the bullish sentiment. Despite the bearish character of the indicator, the bulls tested resistance of Kijun-sen (KS). A short-term recoil down from here towards the Tenkan-sen in the 0.8915 region looks possible.

usdchfd1.png


Chart. Daily USD/CHF

H4. At H4 the pair broke into the Cloud after some consolidation under the lower border of the Ichimoku Cloud. This breakthrough was rapid and by the end of the week the currency pair reached 0.9000. This is actually bad for the bulls. A sharp increase has led to an overbought market. Also, just above the 0.9000 figure there is a strong resistance level, formed by the upper boundary of the cloud. Consequently, in the near future we expect the pair to turn down from these levels.

usdchfh4.png


Chart. H4 USD/CHF
 

FBS

Broker Representative
USD/JPY: Ichimoku analysis (Dec. 20)
Daily. USD/JPY continues setting new yearly highs. Although the greenback is strongly overbought, the currency pair is trading above 104.00, in the 104.50 area. All the indicator lines on the daily timeframe are directed upwards, which indicates strong activity of the buyers. The bullish rally may pause around the weekly levels at 105.20 and 106.00.

usdjpyd1.png


Chart. Daily USD/JPY

H4. The pair was supported by the Ichimoku Cloud top, and after a brief consolidation above 102.70 US dollar resumed recovery. In general, technical picture is completely in favor of the bulls. Tenkan and Kijun formed a new Golden Cross above the Cloud. The Cloud continues to rise, which also has a positive impact on the long-term market sentiment. Only the fact that the pair is overbought can hinder further growth.

usdjpyh4.png


Chart. H4 USD/JPY
 

FBS

Broker Representative
FX BAZOOKA: technicals (20.12) Part 1

EUR/USD
EUR/USD keeps drifting down. Euro has slid to support at $1.3525. Euro may slide to consolidation area of $1.3620/3520. Data released in Germany was mixed (see the economic calendar).
  • 55-period MA is starting to slope down.
  • The prices dropped below the Ichimoku Cloud ($1.3666) – a bearish sign. Tenkan-sen (red line) went almost vertically down.
  • MACD extended down in the negative territory. RSI, however, is currently signaling oversold (below the 30 level).
Support: $1.3625, $1.3613, $1.3600 and $1.3575 (200-period MA)
Resistance: $1.3666, $1.3705, $1.3740/50, $1.3790

eurusdh4.png

Upcoming events:
EUR - All Day - EU Economic Summit
EUR - 10:00 GMT - Italian retail sales
USD - 13:30 GMT - Final GDP
USD - Tentative - Fed Chairman Nomination Vote

GBP/USD
Cable remains in a narrow $1.6335 /1.63875 range for a second day in a row. There are now clear signals on the pair for now. However, we still remain bullish for the pair with a medium-term target of $1.6600 as long as it holds above $1.6320.
  • The cable consolidates above the bearish channel;
H4 MACD histogram remains in a positive territory, but stopped its rise;
  • Cable is supported by the 100- and 55- period MAs;
  • Ichimoku: Kidjun-sen is about to cross Tenkan-sen to the downside (that could become a bearish signal).
Support: $1.6340, $1.6320, $1.6300, $1.6230 (38.2% Fibo)
Resistance: $1.6435, $1.6465, $1.6500

gbpusdh4.png

Upcoming events:
GBP - 9:30 GMT - Final Q3 GDP, Current Account, Public Sector Net Borrowing
USD - 13:30 GMT - Final GDP q/q
USD - Tentative - Fed Chairman Nomination Vote

USD/JPY
USD/JPY extended the upside on Friday, hitting a fresh 5-year high of 104.60. Our next target for the pair lies at 105.55.
  • USD/JPY holds above the bullish H4 Ichimoku with Kijun-sen crossing the Tenkan-sen to the upside;
  • Supported by the 55-day MA (102.85) and the 100-period MA (102.50);
  • MACD keeps on rising (bullish sign);
  • Sentiment remains clearly bullish as long as the 103.75 support holds.
Support: 104.00, 103.75, 103.40, 102.50
Resistance: 105.00, 105.55

usdjpyh4.png



Upcoming events:
USD - 13:30 GMT - Final GDP q/q
USD - Tentative - Fed Chairman Nomination Vote
 

FBS

Broker Representative
Dec. 23: Asian session

Asian stocks went cautiously higher on Monday encouraged by record highs on Wall Street due to the upbeat data on American economic growth and the resilience of stocks to the Fed’s decision to start QE tapering. However, growth in shares wasn’t strong as China’s benchmark short-term money rates swung to 9.8% fueling the fears of a credit squeeze.

USD/JPY is little changed in the 104.00 area, below Friday’s peak at 104.63. Trading is quiet as Japanese banks are closed today in observance of the Emperor’s Birthday. Australian and New Zealand dollars are trading a little higher on Monday. AUD/USD extends the upside, strengthening to $0.8950. Last week the pair has formed a “hammer” candle. NZD/USD keeps consolidating in the $0.8190/8220 range. Gold price is consolidating around $1200.0 – slightly above the June 3-year low of $1180.0.

EUR/USD edged up to $1.3695 and GBP/USD – up to $1.6360.
 
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