What a day on the FX markets as we have a number of pairs showing two plus percent rate shifts. New Zealand/Swissie reflects both the Kiwi Dollar weakness and the safe-haven flows as the pair has lost a massive 2.42% in a sharp decline. Volatility index has jumped and safe-havens are on a rise. Swiss trade surplus jumped towards the 3 billion level and Swissie leads the table. Single currency is also having a relatively bullish session and it’s trailed closely by the Ozzy Dollar, which seems to be benefiting from the positive Australian employment report. Japanese Yen is just a fraction down from both the Euro and the Ozzy Dollar. US jobless claims dropped to the lowest level since 1973 and Philly Fed Manufacturing Index rose and Greenback is just slightly up from the neighboring Loonie Dollar. UK retail sales report disappointed and Sterling is mostly lower, but a massive 1.64% up from the most bearish major, which is the Kiwi Dollar. Investors are showing their concerns by selling the currency as Labour Party was backed by the nationalist New Zealand First Party to form a government. Kiwi Dollar pairs dominate longer term charts now as Australia/New Zealand has gained almost 2% over the past week. New Zealand/Swissie is the top decliner with a drop of 1.43%. Euro/New Zealand has gained the most ground over the past month and it’s up by 2.92%. New Zealand/Greenback is the most bearish pair with a loss of close to 4%. I’m Kiays Khalil and this is what’s been moving and shaking so far on the FX markets this Thursday. Do click back for this week’s final report, but for now, goodbye.
What a day on the FX markets as we have a number of pairs showing two plus percent rate shifts.
New Zealand/Swissie reflects both the Kiwi Dollar weakness and the safe-haven flows as the pair has lost a massive 2.42% in a sharp decline.
Volatility index has jumped and safe-havens are on a rise. Swiss trade surplus jumped towards the 3 billion level and Swissie leads the table.
Single currency is also having a relatively bullish session and it’s trailed closely by the Ozzy Dollar, which seems to be benefiting from the positive Australian employment report.
Japanese Yen is just a fraction down from both the Euro and the Ozzy Dollar.
US jobless claims dropped to the lowest level since 1973 and Philly Fed Manufacturing Index rose and Greenback is just slightly up from the neighboring Loonie Dollar.
UK retail sales report disappointed and Sterling is mostly lower, but a massive 1.64% up from the most bearish major, which is the Kiwi Dollar.
Investors are showing their concerns by selling the currency as Labour Party was backed by the nationalist New Zealand First Party to form a government.
Kiwi Dollar pairs dominate longer term charts now as Australia/New Zealand has gained almost 2% over the past week. New Zealand/Swissie is the top decliner with a drop of 1.43%.
Euro/New Zealand has gained the most ground over the past month and it’s up by 2.92%. New Zealand/Greenback is the most bearish pair with a loss of close to 4%.
I’m Kiays Khalil and this is what’s been moving and shaking so far on the FX markets this Thursday. Do click back for this week’s final report, but for now, goodbye.
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