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      Forex Flash: EUR/USD targets 1.3270/56 - Commerzbank

      Commerzbank analysts are witnessing a deeper corrective phase now: “We target the 1.3270/56 zone. This is the 16th Jan low and the 61.8% retracement, however there is potential for a slide back to the 1.3220 3 month support line”, wrote analyst Karen Jones, suspecting that there was a false break higher. “However key support remains the 1.3125 6 month uptrend and a close below here is required to negate the upmove completely”, she added, pointing to intraday rallies to find resistance at 1.3580/1.3600, while initial resistance is 1.3458.

      Forex: USD/CHF looking at 0.9200 door

      Yesterday's upmove was capped by the 0.9200 mark, where it has found resistance and pulled the USD/CHF down to 0.9175 area. The market is currently down by -0.08% on the day as investors await Switzerland Real Retail Sales.
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      Forex Flash: Risk appetite soars in 2013 helping fortify NZD – BNZ

      Financial market sentiment started 2013 in a heightened state as ongoing evidence of global economic 
repair and a marked improvement in European financial conditions combined to rejuvenate investors’ appetite for ‘risky’ assets. The VIX index (a proxy for risk aversion) fell to the lowest level since 2007 and global stock markets soared. The MSCI World Equity Index climbed 5.0% through the month, to be up 12% from the November 2011 lows.
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