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AUD/USD and NZD/USD Fundamental Analysis: Risk On

From fxempire.com

It was a quiet morning for the AUD/USD and the NZD/USD pairs. There were no economic indicators from Australia or New Zealand to provide direction. The lack of stats leaves investors to reconsider the latest round of economic indicators and the Fed’s next policy move. While the markets lay bets on a 25-basis point Fed interest rate hike, there is also the fear of another financial crisis for investors to tackle. On Thursday, the US equity markets made ground as investor fears of a 2008 repeat receded. Governments and central banks are unlikely to allow another big bank to collapse, which supported commodities and the ... (full story)

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  • Category: Technical Analysis