Kiwi Slips As Dollar Holds

Morning Report: 09.00 London

• This morning, world markets have a positive bias as the S&P 500 climbs for the third day in a row. At the same time, the dollar index is pushing back towards the highs.                                                                                                             

                               
                                                                                                                                                                         
                               

• This move is generally hurting the dollar pairs, especially the NZD/USD which is off by 0.40% this morning. The AUD/USD is down in sympathy.

                               
         
                               

• Gold and silver are reversing this trend though with gains this morning.

                               

• The euro is still struggling with a second down session in a row.

                               
                         
Coming up today:

• Coming up today we have German ZEW sentiment at 10.00, with European data released at the same time.


Trade Idea:

• The NZD/USD has caught a cold and has shown no signs of reversing trend.

A good way to play this is a LOWER trade predicting that the NZD/USD will close below 0.8400 in 2 days time for a potential return of 159%.

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Summary: