The strongest and weakest currencies as NA traders enter for the trading day

Discussion in 'Technical Analysis' started by ForexLive, Jan 29, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    January 29, 2016: The The strongest currency is the NZD today. The weakest is the JPY. Japan adopted a negative rate policy and that spiked the USDJPY straight to the upside. The high reached just short of the 200 day MA at 121.45 (my high comes in at 121.383, Bloomberg comes in a few pips higher). The strongest currency is the NZD and the AUD. The strength in those currencies is centered vs the JPY. The changes vs. the dollar are fairly contained. The greenback is higher as well today- doing better against all currencies with the exception of the NZD. Today the US GDP will be released at 8:30 AM with the estimate at 0.8%. Personal consumption - 70% of so of GDP is consumption - is expected to rise 1.8%.

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