NZD/GBP: Stuck in a sideways range – Westpac

NZD/GBP remains stuck in a sideways range of 0.5600- 0.5750, notes Imre Speizer, Research Analyst at Westpac. Key Quotes “GBP offers little appeal amid ongoing background negatives including: 1) persistent Brexit vulnerabilities; and 2) a central bank that is clearly in no rush to begin


NZD/AUD: 0.9200 area remains vulnerable – Westpac

The 0.9200 area for NZD/AUD cross has survived multiple tests during the past few weeks but it remains vulnerable, according to Imre Speizer, Research Analyst at Westpac. Key Quotes “Iron ore has extended its spectacular rally since mid-June (up 50%), ensuring AU commodity basket outperformance


EUR/NOK seen between 9.25/9.40 – Danske Bank

Analyst Mathias Mogensen at Danske Bank assessed the recent price action around the Norwegian Krone. Key Quotes “In Scandies, NOK is mirroring movements in the oil prices while awaiting important data releases on Thursday”. “Oil prices dropped back late yesterday from highs reached on Friday,


Gold corrects to $1285 level on firmer USD

Gold prices inched lower through on Tuesday and dropped to fresh session lows, near $1285 level during early European trading session. The precious metal eroded part of yesterday’s up-move back closer to the $1,300 level and was being weighed down by a modest pickup in