November 2, 2012
Just like its comdoll siblings, the Kiwi was quite impressive in yesterday’s trading matches. NZD/USD broke out of its consolidation, rising 43 pips to finish the day at .8267. The question is, can the bulls continue their good fortune?
The Kiwi may have benefited from a nice run by commodities, which, along with futures, traded slightly higher yesterday. Whether this can continue or not will depend on the reaction to tonight’s NFP report. Take note that with New Yorkers still adjusting after the recent storm, we could see some really wacky moves today, so watch out!
"The only cable I watch is the pound baby."