AUD and NZD strong overnight as are the stock markets

Author: David Horton | Category: News

In spite of the AUDUSD taking out the 1.02 barrier it bounce sharply from just below the big figure and now trades some 75 points higher and would appear firm.

The trade from both side in the 1.0200/25 area was reported as very heavy and it would appear to be obvious who won.

The Kiwi dollar has followed and sits at 0.8318 just below the high at 0.8324.

Consequently they have both dramatically strengthened against the GBP which I have made some comments on in the last few days.

The Australian stock market hit a 4 1/2 year high at 5104.1 and the NZ stock market closed up 1% at 4320.

I see the Dow now touching almost 14000 on my cfd platform. Can’t argue with this strength although I have been reading some reports from cycle gurus who claim we are are about to turn the corner !