Greg Michalowski

NZDUSD Technicals: The NZDUSD moves higher after 'the last' RBNZ cut.

• The RBNZ cut by 25 basis points, but expectations have firmed that this will be the final rate cut from the Reserve Bank of New Zealand leading to a sharp move higher

USDCAD Technicals: USDCAD trades between the 100 hour MA above and the 200 hour MA below

• The USDCAD trades between MAs with the 100 hour MA at 1.40966. The 200 hour MA is lower at 1.40623. Traders will look for a break.

US stock futures are set to open higher

• NASDAQ index up 115 points in premarket trading

ECBs Vujcic: It has become more difficult to forecast food inflation due to climate change

GBPUSD Technicals: The GBPUSD extends to new highs going back to end of October

• The price moves above the 38.2% of the move down from the Mid-October high.