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19 Feb 2013

Japan to decide on BoJ governor after Abe's trip to the US

Japan's economic minister Mr. Amari is crossing the wires saying that the government in Japan will decide on the next BoJ govenror after Primer Minister Mr. Abe returns from his Feb 21-24 trip in the US, which means that we are going to have to wait for another week until the decision is made public.
Feb 19, 2013

Forex: AUD/USD firm above 1.03; trend shifting structure still in place

Last week, we pointed out the potentiality for an upward transition in the underlying bearish trend that saw the pair fall from 1.06 down to 1.0235 in the last month, with the key trigger being the break of Feb 8 major swing high at 1.0360 prior to an impulsive counter-trend correction off multi-month lows.
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Feb 19, 2013

Forex Flash: NZD/USD has potential for 0.8575; corrective turn not discarded - JPMorgan

NZD extended through a number of key levels over the past week suggesting this bullish setup is likely to persist, notes Nial O'Connor, currency strategist at JPMorgan. The comments follow last week's FXstreet.com observations in which it was noted that the break of 0.85 may allow prospects for 0.8560/70.
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