Forex Flash: NZD/USD, exporters keen buyers of NZD dips - BNZ

FXstreet.com (Barcelona) - NZD/USD has just printed fresh 1-month highs shy of 0.84, while “Exporters remain keen buyers of dips in the NZD,” Mike Jones notes, Currency Strategist at BNZ. “That’s the very clear message from our Currency Flows Monitor,” he adds. “We’ve seen consistently strong net NZD buying in our flows over the past month, coinciding with the NZD/USD pullback from 0.8500 to 0.8300,” Mike concludes.

Mar 27, 2013

Forex Flash: General flows out of USD appears month end related - RBS

“We are approaching the Easter holidays and month and fiscal year end for some,” notes FX Trading Strategist at RBS Greg Gibbs. “It may have been the case that the USD has been weaker than usual into this book closing period,” he adds, expanding: “Our desk reports general flows out of the USD that appears month end related. However, they also report that these flows appear now to be abating or becoming more evenly matched.”

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Mar 27, 2013

Forex: EUR/USD prints fresh session lows sub-1.2850 on the back of broad USD strength

On the back of a broader USD strength move, and lack of news coming from the Eurozone, and actually from anywhere as current Asian session is a nice example of what boring means, EUR/USD is currently printing fresh session lows, last at 1.2845. If we looked at a 4H candlesticks chart, we would see a tiny doji candle with 12 pips distance between lows and highs. That would summarize it all pretty well.

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