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Reversal on AUD/NZD suggests a Kiwi recovery is underway

From hantecfx.com

Volatility in Asian markets has been elevated by the significant fluctuations in the Chinese Shanghai stock market. However, the big impact is coming across the commodities complex which remains under significant pressure as questions over the sustainability of Chinese demand continue to drag prices lower. The prices of oil, copper and gold are all under pressure. This is weighing on any indices with exposure to these markets such as the FTSE 100, which fell yesterday towards it key July 6430 low. However, such is the volatility in these markets, the European indices have opened slightly higher in early trading. As ... (full story)

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