Monthly Archives: October 2017

NZD/USD takes off on the Kiwi jobs data, targets key 38.2% fibo level/200H SMA

• NZ Q3 unemployment rate impresses at 4.6% vs exp 4.7%.
• NZD/USD rallies over 50 pips on the jobs data.
• Eyes will quickly turn back to the US events and political annoucements.
Yesterday’s business confidence figures gave the market another excuse to pressure kiwi lower, but today’s jobs dat…

Are CAD longs suffering from bet regret?

Ahead of yesterday’s meeting and, despite recent warnings from Band of Canada (BOC) that policy could move in either direction, large speculators remained joyfully net-long the Canadian Dollar at levels not seen since 2012. One dovish meeting and a worrisome monetary policy report later, price…