The Traderszone Network

The Australian and New Zealand dollars are both making fresh lows of the day after sub-par data over the past 48 hours.
The Kiwi was initially hit with a double punch on a fall in the GDT price index then a miss on job growth. The major pair has broken down through  and is below

Positive territory for European equity futures as we wait on official openings 3 Aug
– DAX futures Flat
– CAC40 +0.2%
– FTSE +0.1%
German bund futures open unchanged at 162.88

Softer tones as USDJPY fails to advance 3 Aug
– high 20070.16
– low 19985.40
– Topix  -0.03 at 1633.82
– USDJPY 110.74 making a few gains so far
Expect offers/res between 80-85 and larger interest into 111.00 still. Demand/support 110.60, 110.50, with larger into 110.30 still.

Currently 0.7925 after 0.7914 session lows
Decent demand around 0.7900 but offers building into 0.7950 now with larger interest between 0.7980-00
Offers: 0.7935 0.79500.8020 0.8035

An article by Grant Knuckey, CEO of ANZ Bank Japan, suggests that Japan is moving onto a more expansive economic path.
Japan has experienced sluggish growth and low inflation for 25 years, coined the ‘lost decades’.

Celent released a new report on compliance technologies and evolving trends within the space.