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 we approaching a bearish sentiment extreme in yen?

The pendulum of market sentiment swings ever back and forth between fear and greed.

Taking the US dollar as an example, greed was ascendant at the turn of the year, with investors optimistic about the policies of businessman President Donald Trump and the idea that the Federal Reserve would be th…

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