Forex Flash: Out of short EUR/GBP into long GBP/USD

FXstreet.com (Barcelona) - The Westpac FX Team is reporting to be out of its short EUR/GBP and has now opened a fresh long on GBP/USD. According to the bank, "we have run with a positive bias on GBP for some time now, having chosen to hold this via short EUR/GBP", however, they just hit their trailing stop (0.8585) for a +2% profit. They add that "on April 11 we recommended rolling from short EUR/GBP into long GBP at 1.5333 and adding on dips to 1.5270 which was hit yesterday."

Apr 17, 2013

Forex: NZD/USD unchanged after NZ CPI in line with expectations

Little change in Kiwi last at 0.8474 bids after NZ CPI came out in line with expectations at +0.4% q/q and +0.9% y/y.

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Apr 17, 2013

Forex: AUD/NZD consolidation continues, possible “bear flag” pattern forming?

The AUD/NZD traded in a narrow range for a 3rd straight day, closing the NY session down 22 pips at 1.2225. After falling 2.53% in the previous 4 weeks, the pair appears to be consolidating losses above the key support pivot (1.2180) from February 15th. Earlier in the session, NZD CPI was released coming in at 0.4% (forecast was also 0.4%). Reaction to the print has been quiet thus far.

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