16 Feb 2015
Top Forex Movers: Commodity pairs surfing the wave; NZD/USD at 4-week highs
FXStreet (San Francisco) - Commodity currencies such as the New Zealand or the Australian Dollars are trading higher in Monday following higher oil and gold prices that are helping them to recover ground.
The top gainer of the day is the NZD/USD with a 0.93% advance that pushed the pair to be firm above 0.7500. EUR/USD remains almost flat around 1.1400; while the GBP/USD is consolidating lows just above 1.5370; and the USD/JPY is declining below the 118.50.
Oil is trading higher, mostly on consolidation mode above daily PP of $53.37. After testing R1 at $53.60, it traded back to current $53.00. Gold is testing MA 50 days to the upside at 1,236.50, but it was contained and trading now at 1,232.65.
Top gainers of the day are: NZD/USD, +0.93% to 0.7507; NZD/JPY, +0.58% to 88.94; and AUD/USD, 0.36% to 0.7772. To the downside, losers are CAD/JPY, -0.44% to 95.00; USD/RUB, -0.43% to 63.06; EUR/NOK, -0.38% to 8.6061.
The top gainer of the day is the NZD/USD with a 0.93% advance that pushed the pair to be firm above 0.7500. EUR/USD remains almost flat around 1.1400; while the GBP/USD is consolidating lows just above 1.5370; and the USD/JPY is declining below the 118.50.
Oil is trading higher, mostly on consolidation mode above daily PP of $53.37. After testing R1 at $53.60, it traded back to current $53.00. Gold is testing MA 50 days to the upside at 1,236.50, but it was contained and trading now at 1,232.65.
Top gainers of the day are: NZD/USD, +0.93% to 0.7507; NZD/JPY, +0.58% to 88.94; and AUD/USD, 0.36% to 0.7772. To the downside, losers are CAD/JPY, -0.44% to 95.00; USD/RUB, -0.43% to 63.06; EUR/NOK, -0.38% to 8.6061.