Currency Analyst since 2010


US Dollar is trading in a consolidative mode following the bearish correction seen on Monday. US banks are closed on holiday today. 

EUR/USD consolidates at 1.2400: bullish impulse on Monday failed to sustain. Next bearish targets are 1.2350 and 1.2250.  

GBP/USD is little changed in the $1.5840 area.

USD/JPY rose to the 115.30 zone. Japan’s current account surplus was bigger than expected, though consumer confidence declined. There’s once again talk that Abe may dissolve parliament, though the Prime Minister rejected such talk on Monday.

AUD/USD is hovering in the 0.8650/00 range. Australia released mixed data: NAB business conditions skyrocketed in October, while confidence dipped.

NZD/USD sits at 0.8730 ahead of the RBNZ Financial Stability report at 20:00 GMT. RBNZ Governor Wheeler will deliver a speech afterwards.


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