The New Zealand Dollar rose after better than expected employment data. Employment change increased 0.9 %, while the unemployment rate fell from 6.0 % to 5.3 %. NZD/USD rallied from 0.6490 to 0.6540 after the data release and extended gains to 0.6550 later in the session.
The Aussie Dollar fell after weaker than anticipated Australian trade data, with AUD/UD declining to 0.70. The support held is holding so far, but is looking fragile. Should it break, next support is seen at 0.6920.
USD/JPY extended losses overnight, as the decline in stocks & oil weighed on the currency pair. It fell as low as 119.40 and support is now seen in the 118.80-119.00 area. EUR/USD consolidated in a 1.0912-36 range, while GBP/USD traded 1.4390-1.44415.
IC Markets is revolutionizing on-line forex trading; on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals.