Tag Archives: AUD/NZD
Australian Markets Weekly – Still looking for investment
Private capex likely to have fallen in Q4 and show still subdued planned spending ahead. Construction Work Done also forecast to have fallen in Q4, again owing to lower private resource engineering spending.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expectations the RBNZ will signal a pause in June should continue to weigh on NZD/USD this week.
Asian Currencies Technicals
AUD/USD continues to hover precariously above the key $0.9173-0.9205 support region where key moving averages, lower 21 day Bollinger band and Ichimoku cloud base are all located.
Weekly Commentary
A couple of weeks ago the high exchange rate and weakinflation pressure lead us to update our call on the timingof interest rate hikes by the Reserve Bank this year.
Asian Currencies Technicals
AUD/USD continues to hover precariously above initial support with the 200-DMA noted below. Bears remain firmly focused on a break lower that initially targets the 200-DMA and then the 100-DMA.
Daily FX Wrap and Strategy
The NZD/USD sits at a similar level this morning, around0.8560.The NZD/AUD came under initial heavy selling pressureafter the release of a stronger than expected HSBC ChinaPMI yesterday afternoon.
Asian Currencies Technicals
The move lower continued on Wednesday with it having paused ahead of the May 2 low so far. Bears remain firmly focused on a break lower that initially targets the 200-DMA and then the 100-DMA.
Asian Currencies Technicals
After having held above the $0.9315-20 region the past week AUD/USD finally broke sharply lower before initially finding support at the 55-DMA.
Daily FX Wrap and Strategy
The NZD is effectively unchanged against the USD relativeto yesterday morning, sitting just under 0.8630.Yesterday’s two local releases hardly troubled the scorers.
Markets Outlook – Producer Prices Reflect Wider Inflation
With all of these global and domestic forces pulling this way and that, what does it all mean for the Reserve Bank’s OCR path? Generally speaking, we think it’s hard to tell.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expectations the RBNZ will signal a pause in June are growing and should weigh on NZD/USD this week.
Brittle consumer sentiment: more than the Budget?
This Wednesday’s release of the monthly Westpac-Melbourne Institute (W-MI) monthly measure of consumer sentiment follows a marked decline over recent weeks in the weekly Roy Morgan measure of Consumer Confidence.