Commodity currencies jump but then fall back - Forex News by FX Leaders

Commodity currencies jump but then fall back

Posted Tuesday, May 17, 2016 by
Skerdian Meta • 1 min read

The commodity currencies made some decent gains overnight. They jumped on unchanged inflation expectations in New Zealand and unchanged RBA meeting minutes. They have given back most of the gains but our NZD/USD sell forex signal hit sl during the jump. We are looking for new opportunities to gain back what we lost on that signal.

NZD/USD jumped 60 pips after the inflation data release

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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