* Oil slipped overnight in what has been an otherwise positive week as profit taking into month en...
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US President Trump has posted on Truth Social, stating his representatives held meetings with Israel officials today on Gaza. Trump states conditions are in place for a 60 day ceasefire, but that it up to Hamas to accept the deal, see the full post below.
The NZD/USD had a range overnight of 0.6081 - 0.6120, Asia is trading around 0.6100. The pair is breaking through its recent highs and attempting to build momentum for a potential look back towards the 0.6400/0.6500 area. The relentless pressure on the USD is providing a tailwind and dips towards 0.6000 should continue to see demand. The market will be eyeing NFP on Thursday so there is a good chance we will consolidate until we see if that gives the USD a further nudge lower.
Fig 1: NZD/USD Spot Daily Chart
Source: MNI - Market News/Bloomberg Finance L.P
The AUD/USD had a range overnight of 0.6562 - 0.6590, Asia is trading around 0.6580. The AUD/USD had a quiet session as it consolidated its recent gains at the highs for the year. The market will be watching for signs of this move building momentum for a more significant move higher, could the catalyst be NFP on Thursday ?
Fig 1: AUD/USD spot Daily Chart
Source: MNI - Market News/Bloomberg Finance L.P