Free Trial

NZD/USD has extended gains on the back of......>

KIWI
KIWI: NZD/USD has extended gains on the back of the latest round of Chinese
data. While Q2 GDP figures broadly fell in line with expectations, industrial
output and retail sales for June topped forecasts.
- The pair last trades at $0.6711, 19 pips better off.
- Reaction move was capped at $0.6711, which represents the 200-DMA. A clean
breach of the level would open the upper 1.0% 10-DMA envelope at $0.6730.
Conversely, bears look for a retreat below the psychological $0.6700 figure.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.