EURNZD Trading daily plan

  Good Morning,    – The Euro trade again below 1.35 level as Political shenanigans in Italy this week may will be the trigger for Euro correction. – Asian shares: Japan’s Nikkei -2.06%, Hong Kong’s Hang Seng -1.29%(07:00 GMT), Korea’s Kospi  -0.74%, Australia’s ASX 200 -1.59% and China’s Shanghai  0.66%. – The dollar struggled broadly […]

Earlier in the day, the monthly Swiss Producer and Import Prices declined to -0.6% from -0.3% previously. On the other hand, the EU Current Accounts s.a. in November fell to €20.3B from €27.0B in the previous month. Reviewing the daily technical aspect, EURCHF finally broke the trendline (T1) to the upside and it is currently […]

Yesterday, the FED kept both the wording and the monetary policy unchanged. The US economy is on target, the job market is strong, inflation is weaker but Joreme Powell is communicating his confidence that lower inflation will not persist. One could file yesterday’s FOMC as a no event, or focus on the fact that markets […]