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Mar 8, 2013
Forex: NZD/USD pullbacks to retest 0.8260
The New Zealand Dollar was able to break through 0.8254, weekly support area, with some follow through driving the pair to a fresh 4-day low at 0.8246 before attempting a pullback now to retest the broken support.
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Mar 8, 2013
Session Recap: Yen smacked on growing Korea tensions and awful Chinese imports
China trade balance has been most important risk event during current Asia-Pacific session, showing a $15.3B increase, when market consensus was expecting actually a deficit of $-7.75B according to Reuters. This surplus came on the back of doubled than expected exports, and shrinking imports at lowest levels since early 2012, falling -15.2% year on year, which hurts Australian and Japanese exports.
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