NZD/USD keeps dropping like a stone

FXStreet (Bali) - NZD/USD' sfree-fall keeps extending in the transition between NY and Tokyo, with the rate breaking below Thursday's low.

The pair is currently facing bids at 0.8660-65, the June 25 low, with a break lower exposing 0.8640, double bottom from June 12 and 16.

According to Peter Fell, Analyst at FXBeat: "Stop loss orders are being touted below 8660. Support now seen at 8619, 50% fibo on the 8402 / 8836. Risk aversion the name of the game so far, let's see if we can gather some momentum."

Jul 18, 2014

Malaysian plane crash: List of passenger deaths by nationalities

Malaysian airline has distributed a first official list of passenger deaths by nationalities, with Huib Gorter, who serves as Regional Senior Vice President of Continental Europe of Malaysian Airline System , saying that there were “probably 154 Dutch people on board,” when the plan the crashed. Dutch officials reported the following list by nationalities: 154 Dutch, 27 Australian, 23 Malaysian, 11 Indonesian, 6 British, 4 German, 4 Belgian, 3 Filipino, 1 Canadian. There were a further 47 passengers whose nationality still needs verification.

EUR/USD unfazed in the risk off environment

Valeria Bednarik, chief analyst at FXStreet explained the EUR/USD traded in a tight range for most of the day, having posted a lower low of 1.3515 and having been unable to advance beyond 1.3535 static resistance level.