Markets Cautious Ahead of Busy US Economic Docket

The Aussie looks set to continue trading within ranges that have been prominent for some time now, supported overnight by a weaker greenback. The local unit began yesterday’s Asian session on the back foot, however its fortunes turned as European markets opened and traders awaited data from the US. Australian new home sales data due for release

Euro remains flat as investors watch key German inflation numbers

​​The Greenback offered little to excite investors stagnating for much of the session with a slight easing bias against its Euro and Japanese counterparts. Price action was quiet across the board as investors prepare for a heavy docket filled with major risk events. The Federal Reserve is set to commence its two day monthly meeting today with GDP

The puff may have run out of the bullish Sterling

​​Sterling was relatively flat for much of trading on Monday touching session highs of 1.7001 before resistance sent the unit back toward todays open at 1.6981. With little domestic data available yesterday markets were hesitant in offering any firm direction ahead of the flood of US key risk events. It seems the puff may have run out of the bullish Sterling

Soft forecast may force the Kiwi lower

​​The New Zealand Dollar failed to make significant inroads in recovering lasts week’s losses bouncing along within a 10 point range between 0.8544 and 0.8554 for much of trading Monday. Markets it seems are reassessing their stance on Kiwi positions as the future attractiveness of higher yields comes into question. Prime Minister John Key yesterday

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Fundamental

Euro remains flat as investors watch key German inflation numbers

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