Tag Archives: AUD/NZD
Daily FX Wrap and Strategy
The NZD slid along with other major currencies against the USD overnight, with NZD/USD 0.3% lower at 0.8650.
Aussie Currencies Technicals
The move lower gathered momentum on Tuesday with the sharp break and close below $0.9374 combined with the correcting O/B daily tech studies adding weight to the bearish case.
AUD/NZD about to test key support at 1.0750
EUR/USD over 1.3586 would target at least 1.3621… GBP/USD could re-test 1.6922 before turning higher again – then with focus on 1.7025\44…
Asian Currencies Technicals
AUD/USD did little to inspire confidence Monday with the pair dipping marginally below Friday’s low.
Kiwi after the RBNZ
RBNZ’s tightening cycle well underway The RBNZ struck a hawkish note in last week’s monetary policy statement as it raised interest rates by 25 bps.
Australian Markets Weekly – Still the same labour market spare capacity
Latest labour market instalment saw job creation stall but the unemployment rate steady at 5.8%; the rate should always be the focus.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week The hawkish surprise from the RBNZ should resound with markets for the next few weeks at least.
Markets Outlook – Optimism Gets Real
Post a solid increase in Q1 GDP, abatement certainly seems to be the more recent theme in the local data. However, for the most part this appears mostly a case of optimism getting real.
Weekly Commentary
Last week the Reserve Bank increased the OCR for a thirdconsecutive time to 3.25%, and delivered much the sameguidance on future interest rates as it did in its MarchMonetary Policy Statement (MPS).
Asian Currencies Technicals
Friday saw the AUD/USD manage an inside day bringing an end to the recent run of higher daily highs.
€uro comeback? AUD/NZD resumed its downtrend.
EURUSD: The return back inside the 55d Bollinger bands is yetanother sign that a short term development should be amove higher.
Daily FX Wrap and Strategy
The NZD/USD sits 1.6% higher than 24-hours ago, at0.8680 this morning. It was the best performing currencyby a large margin, after the RBNZ’s meeting yesterday.