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2 Jun 2015

NZD/USD: Headed for a temp low? - UOB

FXStreet (Guatemala) - Analysts at UOB Group explained that NZD/USD has not made a temporary low yet below key resistance.

Key Quotes:

"The current bearish phase is still clearly intact as NZD made a fresh year’s low of 0.7072 yesterday."

"However, severely oversold short-term indicators may slow the pace of any further decline and the next target at 0.7020 may not be seen so soon."

"Only a break above the current stop-loss at 0.7230 would indicate that a temporary low is in place."
Jun 2, 2015

Further tightening expected in Brazil – TDS

Strategists at TD Securities see the Brazilian central bank hiking by 50 bp at tomorrow’s meeting...
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Jun 2, 2015

Gold firmer, albeit below $1,200

The precious metal is trading in a tight range on Tuesday, posting marginal gains although it remains in sub-$1,200 levels...
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