Technical Analysis NZD/USD (Weekly)

NZD/USD has been up from 0.7238, to 0.7877.
NZD/USD fibo retracement only 23.6, and it shows strong up trend.
The next target will be 0.80xx as long carry trade happened.
But be Carefull, in market, we need to consider the unwinding carry trade that could lead NZD/USD to down.
For New Enter, suggest to order buy stop above 0.7877 with stop loss around 0.7756. or you can take profit from its down, place sell stop order around 0.7725, with stop loss around 0.7877. Anyway, for my self, i consider NOT TO BUY. just wait to sell.
Risk in your hand. Don't force to enter market if it's already high.
Happy Trading! Have a nice weekend!

Technical Analysis GBP/USD

How about your trading?Last time, i suggest you to order buy stop around 2.0147.. Have you done it? How many pips have you got? It should be shared with me .. :) hahaha...
I think the trend still UP to target 2.05xx, but remember, this is the market!! Everything could be happened, so to protect my profit buy from 1.9746, I place stop profit below 2.0222.
Next,i order sell stop around 2.0206 with Stop Loss around 2.0265.
Happy Trading!!

News & Fundamental Analysis

The dollar remains under pressure from the deteriorating subprime mortgage market. The euro set a record high at 1.3797 versus the dollar and the sterling hovers around high levels 2.03. Economic data from US came out in line with expectations and did not impact the dollar much. Trade deficit rose from 58.5 billion to 60 billion in May as expected.

The Bank of Japan left interest rates at 0.50% as expected last night. The report showed board members voted 8-1 to keep the rates unchanged, a signal that August may still be too early for the central bank to raise rates. The yen remains under pressure from carry trades.

The market will look at US retail sales report, University of Michigan consumer sentiment survey, and business inventories for more clues on the economic conditions and outlook.

CAD will out perform USD in the months ahead with market pricing in another rate hike by the end of the year. The underlying trend remains intact from a MT/LT perspective. Look to sell any significant bounce around 1.0600 for a target of 1.0300, stop at 1.0760.