Sentiment Recap 17th April

Good Afternoon,

Amid all the political risks, Gold being overstretched and euro clinging on better sentiment but pressure from French election. I like to focus on a pair with a cleaner read like Aussie and Kiwi.

Kiwi has shown better dairy auctions,manufacturing data is impressive and with better than expected GDP from their biggest trading partner China upside momentum is building. Cpi due in two days is expected to tick at 0.8. New Zealand only prints cpi once every quarter and with an uptick RBNZ stance could lean more neutral.

Technical side weekly chart is offering 2bar reversal and daily IB break pointing upwards.

Miad Kasravi 

Miad

View posts by Miad
Currency&Commodity Trader

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