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Feb 20, 2013
Forex Flash: GBP/AUD to stabilize after 1.4925-1.5050 target hit - Westpac
GBP/AUD has hit Westpac 1.4925-1.5050 short target and as FX strategist Sean Callow notes, "is probably due for at least stabilization, perhaps a push to 1.5150 so long as the RBA continues to threaten further easing and with sterling perhaps a little oversold." Only a break above 1.54, in view of Sean...
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Feb 20, 2013
Forex: Kiwi tumbles; RBNZ ready to intervene
The Kiwi has been sold-off sharply in the last few minutes, after RBNZ Governor Wheeler said the RBNZ is ready to intervene in the currency if necessary, highlighting the overvalued NZD. The pair has come down to 0.8420 from 0.8460 in the blink of an eye, extending the fall off its weekly high at 0.8488.
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