News 

If you weren’t trading CAD or NZD this week, the moves were miniscule

“Among the US dollar, sterling, Aussie, Swiss franc, euro and yen there was almost no movement at all from last Friday’s close to now” reports forexlive.com. The only buy-and-hold trade that worked this week was NZD/CAD, which is a pair that’s usually better for your forex broker than for you. Two takeaways from the lack of moves: 1) It’s consolidation after a big move higher in the US dollar. 2) It’s a warning sign about a potential reversal in USD. Source: forexlive.com Share This:

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News 

NZD lower after GDP data shows a miss on expectations

“A miss on expectations, the economy not performing as well as expected in October to December 2017” reports forexlive.com. While some of the economic indicators in the early part of this year have been on the improve there are still cocnerns weighing: dary prices still muddling alaong (a bit of an improve, but is it enough?) and while the construction sector is firing there are capacity constraints (labour) holding it back. Source: forexlive.com Share This:

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AUD News 

ForexLive Asia FX news: NZD, AUD sneak a little higher

“The Australian dollar was helped along by some data today” reports forexlive.com. Business ‘Conditions’ recorded an all-time high, while confidence dropped a couple of points.NZD/USD has been a better performer, adding 20-odd points with little NZ-specific news nor data to go on today apart from a speech from RBNZ Gov. Source: forexlive.com Share This:

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Markets News Stocks 

European stocks ending the session with losses

“The European major stock indices are ending mostly lower on the day: Portugal’s PSI 20 is also higher by 0.13% In the 10 year debt sector yields are little changed in Europe: Spot gold is trading down $5.80 at $1332.70 WTI crude oil futures are trading up $.34 at $64.05” reports forexlive.com. The price is trading near highs for the day at $64.12.In the US stock market at the London/European close: In the forex market, the NZD is the strongest while the JPY is the weakest. Source: forexlive.com Share This:

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