• NZ dollar outperforms its peers in G10 ahead of the Financial Stability report
  • NZDUSD tries to break a key short-term resistance line
  • Bitcoin (BTCUSD on xStation5) closes $10,000 overnight

The Asian session has been relatively mild so far as there have been no substantial moves across the FX space except the NZ dollar which is gaining momentum (+0.45% against the greenback at the time of writing). The is no a reason standing behind kiwi’s strength, however there are rumors that the currency is grinding higher in anticipation of the Financial Stability report due Wednesday along with a speech from Finance Minister Robertson early Friday. What’s more acting central bank governor Grant Spencer will be testifying to the parliamentary select committee after the report as well. On top of that, we got several remarks from the FED’s central bankers including Dudley who underlined that the US economy is ’pretty much’ at full employment and therefore he expects inflation to rebound while the economy ought to continue running above the trend.

Besides, Asian stocks are coming to an end in moderate moods as most of them are poised to close the day little changed except the Hang Seng which is trading 1% lower being fueled by energy and mining stocks after oil and metal prices extended their decline on Monday. In addition, there are concerns the Chinese watchdog will cap the flow of mainland funds into the city’s stocks. Let’s also mention that oil prices are weakening in the morning being down 0.25% and 0.5% as for Brent and WTI respectively.

link do file download linkMeanwhile, the NZDUSD is trying to breach a key resistance line which has already acted as a strong obstacle for bulls. Once they are able to break this level, it could enable them to close 0.7060. Source: xStation5

Whipping through the markets one cannot look past Bitcoin (BTCUSD) as it’s rising more than 2% in early European trading being slightly below $10,000. If the current pace is kept, it could push the cryptocurrency towards the magic barrier as soon as today. Notice that there has been no a pullback since Saturday when the ongoing rally began.

link do file download linkBitcoin is getting closer $10,000 as it’s drawing its fifth consecutive bullish candlestick at a daily time frame. Source: xStation5