Asia session was a little busy today, some second-liner macro news came out from the OZ economies. New Zealand’s Q2 retail sales went way above expectations and gave the momentum and the confidence that investors needed to support the Kiwi. On the other hand, the Aussie failed to rally up due to the Australian construction output data. The USDJPY went higher up to the 110.50 levels, despite the negative US dollar and Treasury yields. This week will remain, in fear of the data that are coming out especially from the European session. The key market driver will be once again the US-China talks. The NZDUSD key resistance level is at 0.6714 and the pair crossed the 10, 20,50 EMA with the sentiment looking strong up. We expect momentum during the USD FOMC Meeting Minutes.
Former Trump lawyer Michael Cohen pleaded guilty in federal court
Daily Analysis - 22/08/2018