Free Trial

NZD/USD last seen at $0.6809, 9 pips better....>

KIWI
KIWI: NZD/USD last seen at $0.6809, 9 pips better off, as NZD drew support from
WSJ & BBG reports released on Sunday, suggesting that the U.S. & China are
nearing a trade deal, as well as comments from Chinese National People's
Congress' spokesman Zhang, who noted "substantial progress" in trade talks with
the U.S.
- Bulls need a break above Friday's peak at $0.6839 before challenging $0.6853,
which capped gains last Thursday. On the downside, initial focus falls on the
50-DMA/Friday's low/55-DMA at $0.6795/94/92.
- NZ focus this week falls on NZ Q4 manufacturing data due Friday.

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.