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Market Analysis
[Image: usdchf-d1-instaforex-group.png]

Friday saw the late recovery for USD which pared the previous losses and did not take into accounts weak NFP, risk sentiments arising out of attack on Syria or terrorism in Sweden! There are also uncertainties in fiscal policies of Trump government even though FED is on course to raise the rates further! So beyond a point till a clear picture emerges, traders would be quite cautious without taking any big risks!
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A nearly 0.7% increase in the pair is quite commendable especially in a power packed week complete with many big economic data release, meetings, speeches, geo-political risks arising out of USA attacking Syria, terrorism in Sweden and the likes. Though USD assets recovered on Friday itself but whether the trend would continue or not remains to be seen as the risk is still not over and it would just take one event to send USD crashing down. So caution is the buzzword of the traders now!
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The price action for this pair was quite volatile with NZD having a kind of lead or even fending off the attack from USD till the RBNZ put on the brakes on further NZD strength by downgrading it’s projections regarding NZD though keeping the interest rate on hold. USD was also quite mixed and had some poor data’s too especially consumer inflation which is a gauge of economy and FED’s parameter. One can expect sideways trading coming week as nothing of importance.
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A 200 pips rise from the opening price and then falling around 100 pips at the close of the week marked this pair’s movement last week. The price indeed did jumped around 100 pips at the open and then reached the same level only to go up again and thereafter consolidating. At the close, the pair is trading around parity and further clues would come from the FED meeting scheduled next month where a hike in interest rate is widely expected!
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This pair was major loser last week by losing around 1.8% to the downside. It is due to risk-off tone and sour sentiments in the financial markets across forex, stocks and bonds primarily due to the political developments coming out of USA. Geo-political concerns regarding Syria and North Korea also did not help the matter. With mixed macro-economic data from USA, further downside seems eminent and if not the upside might also be capped!
[Image: nzdusd-d1-instaforex-group.png]

Opening the week at 0.6863 and ending the week at 0.6927 with a gain of around 0.9% which though not higher but nevertheless good enough considering the NZD was lower the weeks earlier. Further gains are not ruled out if the sentiments sour for the USD later in the coming week mostly due to political and geo-political nature! USD was weak across the board almost the whole week though it tried to recover during the end of week!

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