Expecting the CPI from New Zealand later tonight to be a bit on the soft side. Why? China should be exporting some deflation, RBNZ is super tight with rates at 5.5%, and CPI in Australia printed on the soft side two weeks ago. So… We like the risk reward of positioning for a weak CPI tonight and a more dovish RBNZ ahead. That should soften the NZD, and lift...
Intraday bias in GBP/JPY stays on the upside for the moment since bullish structure is still intact ,but if you look at the daily chart i think we have a more comprehensive story .There is a clear rejection from the previous key weekly level .I expect the price to probably swipe the resting orders sitting above this key level of 188.700-188.900 and...