Kiwi soars; UK employment, US IP

Wednesday, 17/10/2018 | 06:18 GMT

Disclaimer

Market Recap
It was the kiwi’s day after New Zealand Q3 inflation came out substantially higher than expected. The currency surged against its G10 counterparts. As I pointed out yesterday, the Commitment of Traders Report showed speculative positioning in the currency is extremely short, so it’s no surprise that a bit of good news could cause some short-covering. I think the sudden acceleration in inflation could cause a rethink of those shorts and further gains over the next couple of days, although I wouldn’t be surprised to see a little pullback today after the sudden surge.

Read More

Exclusive Capital Ltd. Review

Source: https://www.exclusivecapital.com/kiwi-soars-uk-employment-us-ip/

Disclaimer

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}