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21 Jun 2016

NZD/USD under pressure, a breach of 0.7100 on cards?

A renewed selling-wave hits the NZD in the mid-Asian trades, now sending NZD/USD back in the red towards 0.71 handle.

NZD/USD attacks 0.7100

Currently, the NZD/USD pair drops -0.11% to 0.7113, on its way to test daily lows struck at 0.7103. The Kiwi attempts a minor-correction after four straight sessions of gains, driving the major slightly lower from fresh weekly highs reached a day before at 0.7130.

The NZD/USD pair reversed a part of the previous rally and now remains in the red amid not so favourable risk environment as markets turn cautious after mixed Brexit polls outcome conducted late-Monday evening.

Next in focus for the pair remains the Fed Yellen’s testimony, while the Brexit news flow will continue to garner a lot of attention across the fx board.

NZD/USD Levels to consider

To the upside, the next resistance is located at 0.7125/26 (daily & Jun 10 high), above which it could extend gains to 0.7153 (multi-month highs). To the downside immediate support might be located at 0.7082/60 (5 & 10-DMA) and from there to at 0.7000 (June 9 Low).

Jun 21, 2016

Brexit update: UK is much better off inside the EU - Nouriel Roubini

Nouriel Roubini, Professor at Stern School, NYU, & Chairman of Roubini Global Economics, popularly known as Dr. Doom holds the opinion that UK is much
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Jun 21, 2016

Treasury yields jump on waning Brexit fears

Treasury prices and prices of government bond yields across the globe fell on Monday as risk assets rallied on waning Brexit fears. The benchmark 10-
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