NZDUSD Wave Analysis

Lacklustre US non-farm payrolls & ISM Services PMI for June has led to a further drop in US Treasury yields. Both the 2-year and 10-year US Treasuries/JGBs yield premiums have shrunk to a 5-month low. A lower positive carry using JPY as a funded currency and elevated net short positioning in JPY futures may put […]

The US dollar accelerated its decline against its major peers, losing almost 2% to 107.1 this week before trimming some losses. Fundamentally, behind the dollar’s corrective pullback is the resurgence of expectations that the Fed will cut its key rate once or twice later this year. We recall that in early January, markets were pricing […]

EURJPY broke the key resistance level 174.30 Likely to rise to the resistance level 176.00 EURJPY currency pair recently broke above the key resistance level 174.30, which stopped the previous impulse wave I at the start of July. The breakout of the resistance level 174.30 accelerated the active impulse wave iii of the higher upward […]