Sunday, May 15, 2016

Australian, NZ Dollars Gap Down After Chinese Data Disappoints

Australian, NZ Dollars Gap Down After Chinese Data Disappoints


Australian, NZ Dollars Gap Down After Chinese Data Disappoints

Posted: 15 May 2016 03:23 PM PDT

The sentiment-linked Australian and New Zealand Dollars gapped lower at the beginning of the week after a poor round of Chinese data crossed the wires over the weekend.

EUR/USD Continues to Ease Off - Market Least Short Since May 2014

Posted: 15 May 2016 02:30 PM PDT

Despite general improvement in European data flow, EUR/USD continued to ease off after better than expected US economic data (and weaker Q1'16 Euro-Zone GDP data). Moving forward, the thinnest market positioning in two years leaves plenty of room for EUR/USD to fall.

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