Forex Flash: USD/CAD momentum fading - TDS

USD/CAD momentum continues to gradually fade, notes Shaun Osborne, Chief FX Strategist at TDS, adding that "the pair consolidates well within the range of the past two trading days."

"Without a catalyst it should be hard to crack the key 1.0250 and 1.0315 levels for now; a break lower would look to 1.0215/20 initially, while 1.0330/40 is the next topside level to watch" Shaun concludes.

Mar 13, 2013

Forex Flash: Not difficult for BoJ appointments to be approved - Nomura

While Kuroda and Nakaso have all the odds stacked in their favour to be confirmed governor and deputy-governor from the BoJ, the main opposition party DPJ has opposed to Kikuo Iwata as deputy governor.

Forex Flash: RBNZ next risk event; NZD/USD a buy on dips - Rabobank

Ahead of tomorrow's RBNZ monetary policy decision, the consensus seems to be unanimous for the central bank to hold rates steady. However, as Rabobank notes, "with New Zealand currently in pole position to be the first G10 country to suffer a rate hike this cycle, there will be plenty of attention steered towards the policy statement."